Marsons FY26 net profit rises 58.5% to ₹462.88 million

1 min read Updated on 26 May 2026, 06:46 AM

Reviewed by

Naman SScanX News Team

AI Summary

Marsons Limited reported a 58.5% YoY rise in net profit to ₹462.88 million for FY26, driven by a 39.5% revenue increase to ₹2.47 billion. Q4 net profit more than doubled to ₹225.78 million, with revenue rising to ₹922.60 million. The board approved capacity expansion and auditor reappointments.

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Marsons Limited has reported its audited financial results for the year ended March 31, 2026, recording a 58.5% year-on-year increase in net profit to ₹462.88 million. Revenue from operations for the year stood at ₹2.47 billion, compared to ₹1.77 billion in FY25, reflecting growth across its business segments. The Board of Directors approved the audited financial results at a meeting held on May 22, 2026.

Annual Performance Summary

The company delivered a broad-based improvement in key financial metrics for the full fiscal year. The table below summarises the annual performance on a year-on-year basis:

Metric	FY26	FY25	Change (YoY)
Revenue	₹2,470.73 million	₹1,770.76 million	+39.53%
Net Profit	₹462.88 million	₹291.96 million	+58.54%
Earnings Per Share	₹2.69	₹1.63	+65.03%

Q4 Financial Highlights

For the quarter ended March 31, 2026, net profit more than doubled to ₹225.78 million compared to ₹89.88 million in the same period last year. Revenue surged to ₹922.60 million from ₹546.75 million year-on-year. EBITDA expanded significantly to ₹190 million from ₹101 million, while the EBITDA margin improved to 20.60% from 18.20%.

Board Decisions

The board approved the expansion of the product range to include 400 kV/500 MVA class power transformers. This infrastructure upgrade is expected to increase the annual manufacturing capacity from 12,000 MVA to 26,000 MVA. The board also approved the reappointment of M/s HMCG & Associates as Internal Auditors and M/s D. RADHAKRISHNAN & CO. as the Cost Auditor for FY26-27.

What is the projected timeline and capital expenditure required to complete the expansion to 26,000 MVA manufacturing capacity?

How will the introduction of 400 kV/500 MVA class power transformers impact Marsons' competitive positioning in the high-voltage market?

What are the expected revenue contributions from the new product line over the next two fiscal years?

Order Details

The contract entails the supply of the high-capacity power transformer for installation at a Solar Power Project located in Cherokee County, Alabama, USA. The company confirmed that the order has been awarded by an international entity and the nature of the transaction is classified as international supply.

Execution Timeline

The time period by which the order is to be executed is more than 12 months. The broad consideration for the contract is valued at USD 3.1 million.

Key Disclosures

The company provided further details in an annexure, confirming that neither the promoter group nor group companies hold any interest in the entity that awarded the order. Additionally, it was stated that the order does not fall within related party transactions.

Parameter	Details
Customer	US-based Solar Energy Developer
Product	200 MVA 115 kV Power Transformer
Location	Cherokee County, Alabama, USA
Order Value	INR 29,84,99,000.00 (USD 3.1 million)
Execution Period	More than 12 months
Promoter Interest	No

Could this US solar project order serve as a gateway for Marsons Limited to secure additional international contracts, particularly in the growing American renewable energy infrastructure market?

How might Marsons Limited's manufacturing capacity and supply chain need to scale to meet the 200 MVA transformer delivery requirements within the 12+ month execution timeline?

With the US Inflation Reduction Act driving significant solar energy investment, what is the potential pipeline of similar high-capacity transformer orders Marsons could target from US-based developers?