Marine Electricals (India) (MARINE) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 consolidated revenue was ₹21,023.00 lakh and PAT ₹1,183.14 lakh; 9M revenue reached ₹59,945.34 lakh and PAT ₹4,004.54 lakh.

• Standalone Q3 revenue was ₹18,186.89 lakh and PAT ₹1,129.44 lakh; 9M revenue was ₹50,240.76 lakh and PAT ₹3,748.74 lakh.

• Limited reviews concluded with unmodified reports; auditors highlighted the unpaid arbitration interest, pending labour-code impact assessment and a subsidiary’s going-concern uncertainty.

Financial highlights

• Consolidated Q3 revenue rose to ₹21,023.00 lakh from ₹19,379.55 lakh YoY; 9M revenue was ₹59,945.34 lakh versus ₹51,635.47 lakh.

• Consolidated Q3 PAT was ₹1,183.14 lakh versus ₹478.62 lakh YoY; 9M PAT was ₹4,004.54 lakh versus ₹2,460.17 lakh.

• Standalone Q3 revenue was ₹18,186.89 lakh versus ₹18,491.15 lakh YoY; 9M revenue was ₹50,240.76 lakh versus ₹47,559.68 lakh.

• Standalone Q3 PAT was ₹1,129.44 lakh versus ₹1,021.76 lakh YoY; 9M PAT was ₹3,748.74 lakh versus ₹2,820.25 lakh.

Outlook and guidance

• Potential employee-benefit impacts from the new Labour Codes are being assessed and are to be recognised in results for the quarter and year ending 31 March 2026.