Marine Electricals (India) (MARINE) Q2 24/25 earnings summary

Executive summary

• Consolidated Q2 FY25 revenue from operations was Rs 18,410.34 lakh and profit for the period was Rs 1,276.46 lakh, versus Rs 13,732.42 lakh and Rs 475.09 lakh in Q2 FY24.

• H1 FY25 consolidated revenue was Rs 32,255.92 lakh and profit was Rs 1,981.55 lakh, versus Rs 23,839.14 lakh and Rs 826.65 lakh in H1 FY24.

Financial highlights

• Consolidated Q2 FY25 total income was Rs 18,614.66 lakh; profit before tax was Rs 1,624.61 lakh, versus Rs 13,900.99 lakh and Rs 680.72 lakh in Q2 FY24.

• Consolidated H1 FY25 operating cash flow was Rs 6,042.51 lakh, versus Rs 633.35 lakh in H1 FY24; cash and cash equivalents at period-end were Rs 2,225.48 lakh.

• Standalone Q2 FY25 revenue from operations was Rs 16,547.16 lakh and profit was Rs 971.75 lakh, versus Rs 12,141.48 lakh and Rs 494.74 lakh in Q2 FY24.

Segment performance

• Consolidated Q2 FY25 Marine revenue was Rs 9,039.31 lakh and Industry revenue was Rs 9,371.03 lakh, versus Rs 6,938.92 lakh and Rs 6,793.50 lakh in Q2 FY24.

• Consolidated Q2 FY25 segment results before tax and interest were Rs 1,107.17 lakh for Marine and Rs 648.00 lakh for Industry, versus Rs 468.99 lakh and Rs 336.23 lakh in Q2 FY24.

• H1 FY25 consolidated Marine and Industry revenue was Rs 15,123.95 lakh and Rs 17,131.97 lakh, respectively.