RMC Switchgears Reports 26.83% PAT Growth, Key Executive Appointments, and Capacity Expansion for FY24

RMC Switchgears Limited, an emerging peer in the electrical infrastructure solutions industry, announced its financial results for the second half of the fiscal year 2024 (2H FY24) and full year FY24. The company showcased robust growth across key performance indicators. Financial highlights include a 26.73% YoY increase in total income from operations for 2H FY24, reaching ₹85.21 crore, and a 37.81% YoY increase in total income from operations for FY24, reaching ₹172.63 crore. Gross profit in 2H FY24 is up by 29.62% YoY to ₹32.78 crore, and for the entire fiscal year, gross profit reached ₹77.32 crore, a 54.12% increase from ₹50.17 crore in FY23. EBITDA for 2H FY24 increased by 11.53% to ₹13.83 crore, and for the full year, EBITDA grew by 23.22% to ₹31.04 crore.