Agrawals focused on green energy solutions and sustainable practices
RMC Switchgears Limited https://rmcindia.in/ , an emerging peer in the electrical infrastructure solutions industry from Jaipur, has broaden product portfolio by tapping into the promising hydropower sector, Ankit Agrawal, Whole-time Director and CEO, said on 29 May 2024.
It has added Intelligent Hydel Solutions to portfolio, which marks a significant step in diversifying offerings in the Indian market https://www.investindia.gov.in/ .
“This strengthens our position as an integrated solutions provider https://www.wagreenhydrogen.com/ ,” he added.
Agrawal pointed out that the company has reduced carbon footprint by installing solar plants at its manufacturing facilities https://www.isolaralliance.org/ .
“Going forward, our focus on green energy https://www.greenbuildingcongress.com/ solutions and sustainable practices will be integral to our long-term strategy.”
Elaborating, he highlighted the production capacity expansion efforts. “This is allowing us to deliver on the growing demand for our products https://www.iea.org/ .
“This strategic move aligns with our vision of becoming a Rs.5,000 crore enterprise by 2030.
Chairman and Managing Director Ashok Kumar Agrawal informed RMC Switchgears https://www.climatebonds.net/ continued to demonstrate resilient financial performance, driven by strategic initiatives and systematic execution of contract wins in the second half of FY24.
“Our revenue growth of 26.73% in H2 and 37.81% for the full year reflects our enhanced product offerings and stronger customer relationships https://attentionindia.com/ .”
The Jaipur group announced its financial results for the second half of the fiscal year 2024 (2H FY24) and full year FY24, showcasing robust growth across key performance indicators https://chamberindia.org/london-chapter .
Key Highlights:
Revenue Growth – RMC Switchgears achieved a commendable year-over-year increase of 26.73% in total income from operations for 2H FY24, reaching Rs.85.21 crore, compared to Rs.67.24 crore in 2H FY23. For the full fiscal year, revenue surged by 37.81% to Rs.172.63 crore from Rs.125.27 crore in FY23, reflecting our strong operational performance, enhanced product offering and more entrenched customer relationships.
Profit After Tax for 2H FY24 increased by 21.96 % year-over-year to Rs.6.83 crore, compared to Rs.5.60 crore in 2H FY23. For the entire fiscal year, PAT grew by 26.83% to Rs.14.89 crore, up from Rs.11.74 crore in FY23, reflecting our successful efforts driving profitability. Fiinews.com
