Marine Electricals (India) (MARINE) Q2 25/26 earnings summary

Executive summary

• Consolidated Q2 revenue was Rs 22,224.53 lakh and net profit Rs 1,661.70 lakh; H1 revenue and net profit reached Rs 38,922.34 lakh and Rs 2,821.40 lakh, respectively.

• The quarter included a Rs 904.43 lakh provision for arbitration-related interest; the award was upheld by the Bombay High Court on 7 October 2025.

Financial highlights

• Consolidated Q2 revenue from operations rose to Rs 22,224.53 lakh from Rs 18,410.34 lakh YoY; H1 revenue was Rs 38,922.34 lakh vs Rs 32,255.92 lakh.

• Consolidated Q2 net profit was Rs 1,661.70 lakh vs Rs 1,276.46 lakh YoY; H1 net profit was Rs 2,821.40 lakh vs Rs 1,981.55 lakh.

• Consolidated Q2 PBT was Rs 2,232.09 lakh vs Rs 1,624.61 lakh YoY; H1 PBT was Rs 3,779.07 lakh vs Rs 2,594.31 lakh.

• Standalone Q2 revenue was Rs 17,346.30 lakh and net profit Rs 1,529.05 lakh; H1 revenue was Rs 32,053.87 lakh and net profit Rs 2,617.73 lakh.

Segment performance

• Consolidated Q2 Marine revenue was Rs 12,271.85 lakh vs Rs 9,039.31 lakh YoY; Industry revenue was Rs 9,952.68 lakh vs Rs 9,371.03 lakh.

• H1 consolidated Marine revenue was Rs 20,154.10 lakh vs Rs 15,123.95 lakh; Industry revenue was Rs 18,768.24 lakh vs Rs 17,131.97 lakh.

• Q2 segment results before tax and interest: Marine Rs 1,088.85 lakh vs Rs 1,107.17 lakh YoY; Industry Rs 1,153.31 lakh vs Rs 648.00 lakh.