RMC Switchgears Ltd Q4 FY26 Results

FY26 was a year of strong revenue growth for RMC Switchgears, with consolidated revenue increasing by 26.40% to ¥401.59 crore. This performance reflects the strength of our execution capabilities, the depth of our project portfolio and the confidence of our customers across the power infrastructure ecosystem. The year also posed profitability challenges for the broader electrical and EPC sectors, including rising commodity costs, currency volatility, global supply chain disruptions, and geopolitical uncertainty. Despite this environment, we remained focused on protecting project quality, delivery commitments and long-term customer relationships. Importantly, the company delivered a strong recovery in the second half of the year. We moved from a loss of ¥7.07 crore in Q3 FY26 to a profit of ¥9.30 crore in Q4 FY26. This turnaround was driven by improved project execution, better cost controls, a stronger project mix and operational efficiencies across the business. RMC continues to strengthen its position as an integrated power infrastructure company with capabilities across switchgear engineering, EPC projects, smart metering solutions and electrical safety products. Our manufacturing and project execution capabilities allow us to serve utilities, infrastructure companies and government-led projects across multiple states in India. Looking ahead, we remain optimistic about FY27. India’s continued focus on power distribution modernisation, renewable energy expansion, smart metering implementation and sustained infrastructure capex provides a supportive environment for our business. With a healthy order pipeline, ongoing cost optimisation initiatives and a sharper focus on execution efficiency, we are well positioned to improve our operating performance and create sustainable long-term value for stakeholders.