Here's a summary of the investor presentation for RMC Switchgears Limited: **Business Performance:** RMC Switchgears reported consolidated revenue of ₹401.59 crore for FY26, a 26.39% increase YoY.

The Solar EPC segment was the largest contributor, accounting for 52% of revenue, followed by Electrical EPC (26%) and Electrical Products (22%). Profit after tax (PAT) stood at ₹22.45 crore for FY26, a decrease of 27.32% YoY, largely due to increased input costs and currency depreciation. **Growth Drivers or Strategy:** The company is strategically focused on leveraging India's electrification drive and renewable energy ambitions.

Key growth drivers include the push for smart metering under the RDSS scheme, expansion in Transmission & Distribution (T&D) infrastructure, and growth in the Electrical Products segment with new offerings like MV/HV panels.

A significant strategic focus is the development and deployment of their indigenous IoT technology, PulseBox. **Recent Developments:** RMC Switchgears launched PulseBox, India's first IS 14772-certified Smart LT Distribution Box, designed to prevent transformer failures, detect theft, and eliminate safety liabilities.

Proof-of-concept deployments for PulseBox have been completed across 5+ states.

The company also secured its first Transmission EPC order worth ₹70 crore. **Key Financial Metrics:** Consolidated Revenue FY26: ₹401.59 Cr (YoY growth of 26.39%) Consolidated PAT FY26: ₹22.45 Cr (YoY decrease of 27.32%) Consolidated EBITDA FY26: ₹47.10 Cr (YoY decrease of 10.06%) Debt-to-Equity Ratio FY26: 0.38x **Management Commentary / Outlook:** Management highlights a robust order book exceeding ₹800 crore and active tenders over ₹1,500 crore.

They are addressing margin pressures from input costs and currency through price escalation provisions in new contracts.

The company has a clear plan for FY27-FY29 focusing on scaling its core EPC business, expanding Electrical Products, and capitalizing on the re-rating potential of PulseBox, positioning RMC as a modern electrical technology company poised for sustained growth.