Given the nature of RMC's business—particularly in EPC and turnkey projects—revenue recognition typically accelerates in the second half of the financial year. Historically, the company’s H2 performance has nearly doubled that of H1, driven by milestone-based billings, faster execution cycles, and back-ended order conversions.

The company expects a similar trend this fiscal year, supported by a robust order book exceeding Rs 86.14 crore and a strong execution pipeline across its key verticals, solar EPC, electrical infrastructure and smart metering solutions.

Ankit Agrawal, CEO & whole-time director, said, “achieving over 165% growth in Q1 is a strong testament to RMC’s execution excellence and strategic focus, while also highlighting the vast opportunities emerging from India’s dynamic business environment— propelled by infrastructure expansion, progressive policy reforms, and a rapidly growing renewable energy sector.” With a healthy order book of over Rs 86.14 crore across solar EPC, electrical infrastructure and smart metering, and with deeper backward integration underway, we are exceptionally well-positioned to convert this momentum into record full-year revenues and profits.”

RMC Switchgears is primarily engaged in the business of switchgear engineering and ECI contracts for the power distribution/transmission sector.

For FY25, RMC Switchgears has registered a consolidated net profit of Rs 31.45 crore (up 111.2% YoY) and net sales of Rs 318.16 crore (up 84.3% YoY).