Shares of RMC Switchgears Limited surged 6.21% to Rs 787 in Tuesday’s session after the company reported a 110% year-on-year jump in sales for the first half of FY26, reaching Rs 221 crore, compared to Rs 105 crore in the same period last year. The company’s market capitalization now stands at Rs 8.12 crore.
The growth was primarily driven by its Solar EPC segment, which contributed Rs 114 crore, followed by Electrical EPC (Rs 57 crore) and Electrical Products (Rs 50 crore). The company also highlighted its upcoming solar module manufacturing plant, aimed at strengthening supply chain efficiency and improving project margins.
As of September 30, 2025, RMC’s order pipeline stood at Rs 825 crore, to be executed over the next 12 months.
CEO and Whole-Time Director Ankit Agrawal stated that the strong first-half performance reflects “disciplined execution and growing traction in the Solar EPC space.”
RMC Switchgears is also diversifying into renewable energy and water management, aligning with India’s clean energy transition through backward integration and a proposed 1 GW solar module plant.
At 12 PM, the stock was trading at Rs 787, up Rs 46 from the previous close of Rs 741.
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