Marine Electricals (India)'s Q2 FY 2025-26 Quarterly Results

Result Summary

• Marine Electricals (India) Ltd reported a 31.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 21.5%.
• Its expenses for the quarter were up by 30.1% QoQ and 19.9% YoY.
• The net profit increased 43.4% QoQ and increased 30.3% YoY.
• The earnings per share (EPS) of Marine Electricals (India) Ltd stood at 1.18 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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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 company primarily involved in providing electrical and automation solutions. The company operates within the industrial electrical sector, focusing on delivering products and services that cater to the needs of various industries, including marine, oil and gas, commercial building, and industrial infrastructure. Marine Electricals is known for its comprehensive range of products, such as switchboards, control panels, and automation systems. It serves both domestic and international markets, leveraging its expertise in engineering and manufacturing to meet diverse client requirements. As of the latest updates, there is no specific information on any recent major developments within the company.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Marine Electricals (India) Ltd reported a total income of ₹226.17 crores. This represents a significant quarter-over-quarter (QoQ) increase of 31.4% compared to ₹172.16 crores in the first quarter of fiscal year 2026 (Q1FY26). Year-over-year (YoY), the company's total income grew by 21.5% from ₹186.15 crores in the second quarter of fiscal year 2025 (Q2FY25). These figures suggest a robust growth in the company's revenue generation capabilities over both the quarterly and yearly periods.

Profitability

The company's profitability metrics indicate a positive trend, with Profit Before Tax (PBT) for Q2FY26 standing at ₹22.32 crores. This reflects a 44.3% increase QoQ from ₹15.47 crores in Q1FY26, and a 38.1% increase YoY from ₹16.16 crores in Q2FY25. Profit After Tax (PAT) for Q2FY26 was reported at ₹16.62 crores, marking a 43.4% increase QoQ from ₹11.59 crores in the previous quarter and a 30.3% increase YoY from ₹12.76 crores in the same quarter last year. The tax component for Q2FY26 was ₹5.70 crores, indicating a substantial increase of 47.3% QoQ and 63.8% YoY. Earnings Per Share (EPS) for the quarter was ₹1.18, showing an increase of 42.2% QoQ and 25.5% YoY.

Operating Metrics

The total expenses for Marine Electricals (India) Ltd in Q2FY26 amounted to ₹203.85 crores, which is a 30.1% increase from ₹156.69 crores in Q1FY26 and a 19.9% increase YoY from ₹169.98 crores in Q2FY25. This increase in expenses corresponds with the company's growth in total income, reflecting the operational activities undertaken within the period. The financial data presented does not include specific key financial ratios such as the P/E ratio, debt-to-equity ratio, or current ratio, nor does it provide detailed insights into the company's asset or liability structure. Nonetheless, the reported figures suggest a period of increased activity and financial performance for the company.