Marine Electricals (India) (MARINE) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue was ₹40,464.80 lakh vs ₹22,224.53 lakh YoY; profit after tax was ₹1,751.13 lakh vs ₹1,661.70 lakh. H1 revenue reached ₹66,381.08 lakh and PAT ₹4,960.27 lakh.

• Consolidated H1 EPS was ₹3.51 vs ₹2.04; the Board approved conversion of up to ₹17 crore of existing subsidiary funding into equity in one or more tranches.

Financial highlights

• Q2 consolidated PBT was ₹4,307.72 lakh vs ₹2,232.09 lakh YoY; H1 PBT was ₹6,682.43 lakh vs ₹3,779.07 lakh.

• Q2 consolidated total income was ₹40,818.21 lakh vs ₹22,616.97 lakh YoY; H1 total income was ₹67,164.38 lakh vs ₹39,833.38 lakh.

• Standalone Q2 revenue was ₹36,926.47 lakh vs ₹17,346.30 lakh YoY, while PAT was ₹3,004.75 lakh vs ₹1,529.05 lakh.

Segment performance

• Consolidated Marine Q2 revenue was ₹14,204.65 lakh vs ₹12,271.85 lakh YoY; segment result before tax, exceptional items and interest was ₹1,480.94 lakh vs ₹1,088.85 lakh.

• Consolidated Industry Q2 revenue was ₹26,260.15 lakh vs ₹9,952.68 lakh YoY; segment result was ₹3,145.79 lakh vs ₹1,153.31 lakh.

• H1 consolidated Marine revenue was ₹24,484.73 lakh and Industry revenue ₹41,896.35 lakh; respective segment results were ₹2,407.37 lakh and ₹4,555.45 lakh.