Marine Electricals (India) Limited reported a net profit of ₹586 million for the financial year ended March 31, 2026, marking a 54% increase from ₹381 million in the previous year. Revenue from operations for the year rose 14% to ₹8,769 million compared to ₹7,671 million in FY25. The company's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 27, 2026.

Financial Performance Overview

For the quarter ended March 31, 2026, the company reported a net profit of ₹186 million, up 37% from ₹135 million in the corresponding quarter of the previous year. Revenue for Q4FY26 stood at ₹2,775 million, compared to ₹2,507 million in Q4FY25. EBITDA for the quarter grew 34% year-on-year to ₹350 million, with margins expanding to 12%. Earnings per share (EPS) for the year increased to ₹4.22 from ₹2.81 in the prior year.

The following table summarizes the key financial metrics for the consolidated financial results:

Key Developments and Order Book

The order book of the company stands at ₹12,540 million as on March 31, 2026, which would be executed in the next 12-36 months. This represents a significant increase compared to ₹5,253 million as on March 31, 2025. The company attributed the growth to robust inflows across both its Marine and Industrial verticals.

Management Commentary

Vinay Uchil, Chairman & Executive Director, stated that the company delivered a robust operational and financial performance, closing the financial year on a high note. He highlighted the 14% top-line growth and the 35% growth in full-year EBITDA, noting that the focus on operational efficiencies had unlocked significant profitability. Uchil also pointed out the structural hyper-growth witnessed in the data centre sector, alongside established presence in EV charging and energy management.

Mr. Mohan Rao ceased to be an Independent Director of Marine Electricals (India) Limited on May 29, 2026, following the completion of his second term. The cessation is effective from the close of business hours on the said date, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consequent to the completion of his tenure, Mr. Rao is no longer a member of the Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee. The disclosure was made in compliance with SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Director Details