Marine Electricals (India) (MARINE) Q3 24/25 earnings summary

Executive summary

• Q3 FY24/25 consolidated revenue was Rs 19,379.55 lakh and profit after tax was Rs 478.62 lakh; 9M revenue was Rs 51,635.47 lakh and profit after tax Rs 2,460.17 lakh.

• Standalone Q3 revenue was Rs 18,491.15 lakh and profit was Rs 1,021.76 lakh; 9M revenue was Rs 47,559.68 lakh and profit Rs 2,820.25 lakh.

• Limited reviews concluded with unmodified reports; the consolidated review noted certain subsidiary and associate financial information had not been reviewed.

Financial highlights

• Consolidated Q3 revenue from operations Rs 19,379.55 lakh vs Rs 14,664.64 lakh YoY; 9M revenue Rs 51,635.47 lakh vs Rs 38,503.78 lakh.

• Consolidated Q3 profit before tax Rs 801.65 lakh vs Rs 693.18 lakh YoY; 9M PBT Rs 3,395.96 lakh vs Rs 1,931.00 lakh.

• Consolidated Q3 profit after tax Rs 478.62 lakh vs Rs 531.69 lakh YoY; 9M profit after tax Rs 2,460.17 lakh vs Rs 1,358.34 lakh.

• Standalone Q3 revenue Rs 18,491.15 lakh vs Rs 12,430.80 lakh YoY; profit Rs 1,021.76 lakh vs Rs 497.55 lakh.

Segment performance

• Consolidated Q3 Marine revenue Rs 9,529.26 lakh and Industry revenue Rs 9,850.29 lakh; 9M revenue was Rs 24,653.21 lakh and Rs 26,982.26 lakh, respectively.

• Consolidated Q3 Marine segment result Rs 284.54 lakh vs Rs 608.69 lakh YoY; Industry result Rs 443.26 lakh vs Rs 301.09 lakh.

• Standalone Q3 Marine revenue Rs 8,640.87 lakh and Industry revenue Rs 9,850.28 lakh; segment results were Rs 723.59 lakh and Rs 443.26 lakh, respectively.