Marsons wins ₹31.27 cr order from Assam Electricity Grid

Marsons Limited has secured a Letter of Intent (LoI) worth ₹31,26,70,500 from Assam Electricity Grid Corporation Limited for the supply of power transformers. The order, valued inclusive of GST, entails the domestic supply of 132/33kV, 50MVA Power Transformers and related services for the Durlavcherra, Karimganj, and Srikona substations under Package-T-3. The project is scheduled for execution within a period of 12 months.

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any interest from the promoter, promoter group, or group companies in the entity awarding the contract. Furthermore, the transaction does not fall within related party transactions.

Order Details

The following table outlines the key parameters of the order received by Marsons:

Parameter	Details
Client	Assam Electricity Grid Corporation Limited
Nature of Order	Supply of 132/33kV, 50MVA Power Transformers and Related Services for Durlavcherra, Karimganj & Srikona Substations of AEGCL (Package-T-3)
Order Value	₹31,26,70,500.00 (incl. GST)
Execution Period	12 months
Category	Domestic

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.98%	-14.21%	-19.79%	-6.94%	-6.94%	-6.94%

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.