Marine Electricals (India)'s Q1 FY 2025-26 Quarterly Results

Result Summary

• Marine Electricals (India) Ltd reported a 28.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 21.7%.
• Its expenses for the quarter were down by 30.0% QoQ and up 18.9% YoY.
• The net profit decreased 4.8% QoQ and increased 64.4% YoY.
• The earnings per share (EPS) of Marine Electricals (India) Ltd stood at 0.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Marine Electricals (India) Ltd is a prominent company operating within the electrical industry. It specializes in providing a comprehensive range of electrical and electronic solutions. The company is known for its diverse product portfolio, which includes marine electricals, industrial switchgear, and renewable energy solutions. Marine Electricals caters to a wide array of sectors, including marine, industrial, and renewable energy, and is known for its innovative approach to engineering and technology. As of recent times, there is no additional specific information on major developments within the company available in the provided data.

Revenue

During the first quarter of the fiscal year 2026 (Q1FY26), Marine Electricals (India) Ltd recorded a total income of ₹172.16 crores. This marks a decrease in revenue when compared to the previous quarter (Q4FY25), where total income was ₹240.59 crores, resulting in a quarter-over-quarter decline of 28.4%. However, when comparing the same period of the prior year (Q1FY25), where income was ₹141.50 crores, the company experienced a year-over-year growth of 21.7% in total income. This indicates a notable increase in revenue performance compared to the same quarter last year.

Profitability

Marine Electricals reported a profit before tax of ₹15.47 crores in Q1FY26, which shows a slight decline of 8.1% from the ₹16.83 crores registered in the prior quarter (Q4FY25). However, this is significantly higher than the ₹9.68 crores reported in Q1FY25, reflecting a 59.8% year-over-year increase. The company's profit after tax for Q1FY26 was ₹11.59 crores, down from ₹12.18 crores in Q4FY25, translating to a quarter-over-quarter decrease of 4.8%. Compared to Q1FY25, where profit after tax was ₹7.05 crores, there is a substantial year-over-year increase of 64.4%. Earnings per share in Q1FY26 stood at ₹0.80, which decreased by 20% from the previous quarter but increased by 60% from the same quarter last year.

Operating Metrics

In terms of expenses, Marine Electricals (India) Ltd's total expenses for Q1FY26 amounted to ₹156.69 crores, representing a 30% decrease from Q4FY25, where expenses were ₹223.75 crores. Comparatively, there was an 18.9% increase in total expenses from Q1FY25, when expenses were ₹131.82 crores. The tax expense for Q1FY26 was ₹3.87 crores, down 19.9% from Q4FY25 but up 46% from Q1FY25. These figures provide insights into the company's operational efficiency and cost management over different periods.