RMC Switchgears Stock Hits Upper Circuit After June Quarter Revenue Increased by 165%
By Ankur Chandra | Published at: Jul 11, 2025 01:33 PM IST
Jaipur, July 11, 2025 – RMC Switchgears Limited (BSE: 540358) stock hit the 5% upper circuit as the company announced a stellar Q1 FY26 performance, posting a 165% year-on-year surge in revenue. The company reported consolidated unaudited sales of ₹86.14 crore for the April–June 2025 quarter, up sharply from ₹34.04 crore in Q1 FY25.
The jump in topline was driven by strong execution across its EPC, smart metering, and solar infrastructure businesses. Management credited milestone-based billing, ongoing project momentum, and a growing order book across core verticals for the record quarterly performance.
As of 12:27 PM, RMC Switchgears was trading at ₹771.75, up ₹36.75 or 5.00%, hitting its upper circuit limit for the day.
Q1 FY26 vs Q1 FY25 Financial Performance
| Particulars | Q1 FY26 (₹ Cr) | Q1 FY25 (₹ Cr) | YoY Growth |
|---|---|---|---|
| Consolidated Revenue | 86.14 | 34.04 | +165% |
“Achieving over 165% growth in Q1 is a strong testament to RMC’s execution excellence and strategic focus,” said Ankit Agrawal, CEO & Whole-Time Director.
Stock Performance (As of 12:27 AM IST, July 11, 2025)
RMC Switchgears hit its 5% upper circuit limit, touching an intraday high of ₹771.75. The stock remains under the ESM Stage 1 framework and is listed in the MT/T+1 settlement group.
| Metric | Value |
|---|---|
| Previous Close | ₹735.00 |
| Open | ₹735.00 |
| Intraday High | ₹771.75 |
| Intraday Low | ₹707.50 |
| VWAP | ₹746.82 |
| 52-Week High | ₹1,214.00 |
| 52-Week Low | ₹518.00 |
| Turnover (so far) | ₹2 Cr |
| Traded Qty (Lakh shares) | 0.27 |
| Full Market Cap | ₹812.41 Cr |
| Free Float Market Cap | ₹371.13 Cr |
| Face Value | ₹10 |
Strategic Execution & Order Book Outlook
The company highlighted that its H2 performance typically outpaces H1 due to milestone-based billings and back-ended order conversions. The trend is expected to continue this fiscal year. RMC reported a robust order book of over ₹86.14 crore, with ongoing projects across:
Solar EPC
- Electrical Infrastructure
- Smart Metering Solutions
Future Strategy
RMC Switchgears is expanding aggressively into renewable energy and water infrastructure segments. Key developments include:
- Proposed 1 GW solar module manufacturing plant to support backward integration and reduce import dependence.
- Strategic focus on IoT-based water management infrastructure aimed at DISCOM efficiency and loss reduction.
- Continued alignment with government-led initiatives like the Revamped Distribution Sector Scheme (RDSS) and the ₹9 trillion transmission sector investment plan.
Market Outlook
RMC’s strong topline growth, driven by robust execution across EPC and solar segments, triggered sharp investor interest, pushing the stock to its upper circuit. With a healthy order book and alignment with policy tailwinds, near-term sentiment around the stock remains bullish.
About the Company
RMC Switchgears Limited is a Jaipur-based, BSE-listed electrical infrastructure solutions provider. The company specializes in anti-theft enclosures, EPC contracts, smart metering systems, and solar infrastructure. It is an active contributor to India’s smart grid transition and renewable energy targets, with strategic alignment to initiatives like RDSS and transmission sector investments.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/30577267-c680-4153-82e5-7fadaba8ce5f.pdf
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