Marine Electricals (India) (MARINE) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 consolidated revenue was Rs 13,845.58 lakh and profit for the period was Rs 705.09 lakh; both exceeded the corresponding Q1 FY24 figures.

• Board recommended a final FY24 dividend of Rs 0.20 per share, subject to shareholder approval.

Financial highlights

• Consolidated revenue from operations was Rs 13,845.58 lakh vs Rs 10,106.72 lakh YoY; profit before tax was Rs 969.70 lakh vs Rs 557.10 lakh.

• Standalone revenue from operations was Rs 12,521.37 lakh vs Rs 8,608.24 lakh YoY; profit was Rs 826.74 lakh vs Rs 475.87 lakh.

• Consolidated total comprehensive income was Rs 690.14 lakh; standalone total comprehensive income was Rs 826.70 lakh.

Segment performance

• Consolidated Marine revenue was Rs 6,084.64 lakh vs Rs 5,822.04 lakh YoY; segment result before tax and interest was Rs 505.21 lakh vs Rs 303.67 lakh.

• Consolidated Industry revenue was Rs 7,760.94 lakh vs Rs 4,284.68 lakh YoY; segment result before tax and interest was Rs 504.26 lakh vs Rs 459.67 lakh.

• Standalone Marine revenue was Rs 4,760.43 lakh and Industry revenue was Rs 7,760.94 lakh; respective segment results were Rs 548.88 lakh and Rs 504.26 lakh.