RMC Switchgears achieves over 110% H1 sales growth driven by solar EPC

RMC Switchgears Limited reported unaudited sales of ₹221 crore for the first half of fiscal year 2025–26 (April to September), marking a year-on-year growth of over 110% compared to ₹105 crore in the prior fiscal period. This strong performance was predominantly driven by the Solar EPC segment, contributing approximately ₹114 crore, with Electrical EPC and Electrical Products adding ₹57 crore and ₹50 crore, respectively. As of September 30, 2025, the company's project pipeline stands at ₹825 crore, scheduled for execution over the next 12 months.

The company also announced the completion of its Pulse Box proof of concept during Q2 FY2026, an intelligent low-tension power distribution system aimed at enhancing grid safety and reducing electricity theft. RMC Switchgears aims to expand its presence in solar EPC, green energy projects, and IPP solutions, and is pursuing backward integration with a proposed 1 GW solar module manufacturing plant.