Shares of a leading smart meter company hit the 5 percent upper circuit after the firm reported an impressive 211 percent year-on-year surge in net profit, driven by robust demand and operational efficiency. The company also posted strong revenue growth, reflecting its expanding market presence and growing adoption of smart metering solutions.
During Wednesday’s trading session, the shares of RMC Switchgears Ltd reached an intraday high of Rs.723.65 per share, hitting the 5 percent upper circuit from its previous close of Rs.689.20 per share. Over the past five years, the stock has delivered over 5,200 percent returns.
Financial Performance
RMC Switchgears Ltd saw a notable rise driven by strong growth in both net profit and revenue, as highlighted in its latest financial results. In H2 FY25, RMC Switchgears Ltd reported revenue of Rs.214.21 crore, registering a strong year-on-year growth of 149.44 percent compared to Rs.85.86 crore in H2 FY24. On a sequential basis, revenue also rose by 103.61 percent from Rs.105.20 crore in H1 FY25, indicating solid half-yearly momentum.
The company’s net profit for the half year stood at Rs.21.26 crore, reflecting a sharp increase of 211.28 percent from Rs.6.83 crore in H2 FY24. Compared to Rs.10.19 crore in H1 FY25, net profit more than doubled, rising by 108.61 percent.
For the full year FY25, the company posted a total revenue of Rs.319.42 crore, up by 84.16 percent from Rs.173.46 crore in FY24. Annual net profit reached Rs.31.45 crore, marking a robust growth of 111.28 percent over Rs.14.88 crore recorded in the previous fiscal year.
Client Portfolio
RMC Switchgears Ltd has established a strong presence across India by catering to several prominent state power utilities. Its client pool includes major entities such as Maharashtra State Electricity Distribution Co. Ltd (Mahavitaran), Uttar Pradesh Power Corporation, Tamil Nadu Generation and Distribution Corporation (TANGEDCO), Assam State Power Distribution Co. Ltd, and Karnataka Power Corporation Ltd.
The company also serves utilities like Punjab State Power Corporation Ltd, Kerala State Electricity Board (KSEB), and Rajasthan-based distribution companies including Jaipur Vidyut Vitran Nigam and Jodhpur Vidyut Vitran Nigam.
Order Book
As of latest filings available, RMC Switchgears Ltd maintained a strong order book totaling Rs.850 crore, reflecting its well-diversified operations across key business segments. The solar projects segment led the order pipeline with Rs.457 crore, contributing 53.8 percent of the total, indicating the company’s deepening focus on the renewable energy space.
Electrical projects accounted for Rs.272 crore or 32.0 percent, while electrical products comprised Rs.121 crore, representing 14.2 percent of the overall order book. This distribution highlights the company’s balanced approach towards leveraging opportunities in both conventional and green energy domains.
Written by – Siddesh S Raskar
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