Marsons Limited , a company operating in the power and transformer distribution segment, has reported its financial results for the second quarter of fiscal year 2026, revealing a significant shift from profit to loss.

Financial Performance

The company's unaudited quarterly results, approved by the Board on November 7, 2025, show a notable decline in both revenue and profitability:

For the first half of FY26, Marsons Limited reported:

Key Observations

1. Revenue Decline: The company experienced a 15% year-on-year decrease in revenue from operations for Q2 FY26.

2. Profitability Reversal: Marsons Limited swung from a profit of ₹746.98 lacs in Q2 FY25 to a loss of ₹919.50 lacs in Q2 FY26, marking a significant reversal in profitability.

3. Half-Yearly Performance: Despite the Q2 loss, the company maintained profitability for the first half of FY26, albeit with a substantial 59.7% decline compared to the same period last year.

4. Auditor's Note: The company's auditors highlighted the non-provision of income tax for both the quarter and six months ended September 30, 2025.

Regulatory Compliance

As per the LODR (Listing Obligations and Disclosure Requirements) data, Marsons Limited has complied with regulatory requirements:

• The financial results were approved in a Board meeting held on November 7, 2025.
• The company will publish the extract of financial results in Business Standard (All India English Edition) and Arthik Lipi (Bengali vernacular daily) by November 9, 2025.
• Full results will be available on the BSE website ( www.bseindia.com ) and the company's website ( www.marsonsonline.com ).

The financial performance of Marsons Limited in Q2 FY26 reflects challenges in the power and transformer distribution sector. Investors and stakeholders may want to closely monitor the company's strategies to address the revenue decline and return to profitability in the coming quarters.

Marsons Limited , a player in the power equipment manufacturing sector, has recently secured a significant order from the West Bengal State Electricity Distribution Company Limited (WBSEDCL). The company announced that it has received a purchase order worth ₹25.85 crore (including GST) for the production of power transformers.

Order Details

The order specifics, as disclosed by Marsons Limited, are as follows:

Project Scope

The scope of work for Marsons Limited includes manufacturing, testing, supply, and delivery of the power transformers. These transformers are crucial components in electricity distribution networks, facilitating the step-down of voltage from transmission levels to distribution levels.

Strategic Implications

This order represents a significant business opportunity for Marsons Limited. It not only provides a substantial boost to the company's order book but also strengthens its position in the power equipment manufacturing sector. The contract with a state electricity board also underscores the company's capabilities in meeting the stringent requirements of public sector utilities.

Execution Timeline

Marsons Limited is required to complete the production within a 6-month timeframe. This relatively short turnaround time highlights the company's production capabilities and the urgent need for power infrastructure upgrades in West Bengal.

Market Impact

While the immediate market reaction to this news is not available, such orders typically have a positive impact on investor sentiment. The successful execution of this project could potentially lead to more orders from other state electricity boards, further enhancing Marsons Limited's market position.

As the energy sector continues to grow and modernize in India, companies like Marsons Limited play a crucial role in supporting the country's power infrastructure development. The successful completion of this order could pave the way for future growth opportunities in the power equipment manufacturing sector.