RMC Switchgears Ltd
RMC Switchgears Q1 FY27: Revenue ₹37.24 Cr, PAT ₹2.08 Cr
Q1 FY27 investor presentation: what the company reported on revenue, margins and projects.
Based on RMC Switchgears Ltd's Q1 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Consolidated revenue from operations for Q1 FY27 was ₹37.24 crore, down 55.95% YoY from ₹84.53 crore in Q1 FY26 (Page 44). Consolidated Q1 FY27 vs Q1 FY26 - EBITDA: ₹7.75 crore, down 12.7% YoY (from ₹8.88 crore) - EBITDA Margin: 20.81%, up 1031 bps YoY (from 10.50%) - Profit After Tax (PAT): ₹2.08 crore, down 48.97% YoY (from ₹4.08 crore) - PAT Margin: 5.59%, up 76 bps YoY (from 4.83%) - Standalone Q1 FY27 vs Q1 FY26 - EBITDA: ₹6.28 crore, down 7.67% YoY - EBITDA Margin: 19.72%, up 1075 bps YoY - PAT: ₹1.15 crore, down 54.63% YoY - PAT Margin: 3.60%, up 27 bps YoY - Margin Outlook: The CEO notes margin improvement is mainly due to a change in business mix (less Solar EPC contribution this quarter) and not a permanent step-up.
From RMC Switchgears Ltd's Q1 FY27 earnings-call transcript · updated 9 Oct 2026.
Revenue & Sales Performance
- Consolidated revenue from operations for Q1 FY27 was ₹37.24 crore, down 55.95% YoY from ₹84.53 crore in Q1 FY26 (Page 44).
- Standalone revenue for Q1 FY27 was ₹31.85 crore, down 58.03% YoY from ₹75.88 crore in Q1 FY26 (Page 43).
- The CEO noted that several large contracts were in survey, design, and mobilization phases during the quarter, with billing to follow commissioning, explaining the temporary dip in revenue (Page 7).
- Order awards post-quarter (July-August 2026) totaled about ₹369.63 crore, boosting the unexecuted order book to ₹1,188 crore from ₹800 crore at the FY26 close (Page 7).
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Profitability & Margins
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Capital Expenditure Plans
- The presentation references India’s power sector investments as key drivers but does not specify RMC’s own capex or new plant expansions directly.
- National Electricity Plan (2023–2032) projects ₹9.15 lakh crore investment to expand transmission network from 5 lakh to 6.48 lakh circuit km and transformation capacity from 1,407 GVA to 2,345 GVA by 2032 (Page 21, 22).
- Distribution sector’s capital expenditure pipeline till 2035 is ₹11.2 lakh crore, mainly for smart metering and infrastructure upgrades (Page 6, 21, 22).
- Smart Metering under RDSS has ₹3.03 lakh crore total outlay, ₹2.8 lakh crore already approved, supporting smart meters rollout and related electrical infrastructure (Page 22).
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Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The presentation states the confirmed unexecuted order book as about ₹1,188 crore at the close of Q1 FY27, up from above ₹800 crore at the close of FY26 (Page 7).
- Between July and August 2026, the company received order awards aggregating approximately ₹369.63 crore (Page 7).
- In August 2026, the company received 12 Letters of Award from Paschim Gujarat Vij Company Limited worth ₹333.80 crore, for underground cable network conversion (Page 7).
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Frequently Asked Questions
What were RMC Switchgears Ltd Q1 FY27 results?
Consolidated revenue from operations for Q1 FY27 was ₹37.24 crore, down 55.95% YoY from ₹84.53 crore in Q1 FY26 (Page 44). Consolidated Q1 FY27 vs Q1 FY26 - EBITDA: ₹7.75 crore, down 12.7% YoY (from ₹8.88 crore) - EBITDA Margin: 20.81%, up 1031 bps YoY (from 10.50%) - Profit After Tax (PAT): ₹2.08 crore, down 48.97% YoY (from ₹4.08 crore) - PAT Margin: 5.59%, up 76 bps YoY (from 4.83%) - Standalone Q1 FY27 vs Q1 FY26 - EBITDA: ₹6.28 crore, down 7.67% YoY - EBITDA Margin: 19.72%, up 1075 bps YoY - PAT: ₹1.15 crore, down 54.63% YoY - PAT Margin: 3.60%, up 27 bps YoY - Margin Outlook: The CEO notes margin improvement is mainly due to a change in business mix (less Solar EPC contribution this quarter) and not a permanent step-up.
What is RMC Switchgears Ltd share price analysis?
RMC Switchgears Ltd currently shows a neutral. The stock trades at a P/E of 10.6 with a market cap of ₹214 Cr. Investors should review the full earnings analysis for detailed insights.
Is RMC Switchgears Ltd planning capital expenditure?
The presentation references India’s power sector investments as key drivers but does not specify RMC’s own capex or new plant expansions directly. - National Electricity Plan (2023–2032) projects ₹9.15 lakh crore investment to expand transmission network from 5 lakh to 6.48 lakh circuit km and transformation capacity from 1,407 GVA to 2,345 GVA by 2032 (Page 21, 22). - Distribution sector’s capital expenditure pipeline till 2035 is ₹11.2 lakh crore, mainly for smart metering and infrastructure upgrades (Page 6, 21, 22). - Smart Metering under RDSS has ₹3.03 lakh crore total outlay, ₹2.8 lakh crore already approved, supporting smart meters rollout and related electrical infrastructure (Page 22). - No direct mention of RMC’s own capex amounts, new plant projects, or timelines for capacity expansion.
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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.