Date: 17th August, 2026

Financial Performance Summary

Marine Electricals (India) Limited reported unaudited financial results for the quarter ended 30th June, 2026 (Q1 FY27).

Revenue and Profitability

  • Revenue from Operations: ₹259 crores, representing 55% year-over-year (YoY) growth
  • EBITDA: ₹33 crores, representing 47% YoY growth
  • Profit After Tax (PAT): ₹18 crores, representing 51% YoY growth

Segment-wise Performance

  • Marine segment revenue: ₹103 crores, growing 30% YoY
  • Industry segment revenue: ₹156 crores, growing 77% YoY
  • The industrial segment's growth reflects increasing contribution from industrial and infrastructure-led opportunities

Order Book and Business Development

  • New order wins during Q1 FY27: ₹784 crores
  • Order backlog as of quarter-end: ₹2,073 crores, representing 201% YoY growth
  • Industry segment accounts for approximately 65% of the order backlog
  • Data Centres and Industrial Infrastructure are driving increasing exposure to India's digital and infrastructure growth
  • Marine & Defence businesses continue to perform well, supported by sustained domestic naval development and recent orders from leading players in the maritime defence sector

Management Commentary

Mr. Vinay Uchil, Chairman & Executive Director, commented on the performance:

  • Q1 FY27 set a strong direction marked by faster execution and growing market presence
  • The company is sharpening business focus to capture opportunities from India's digital and AI infrastructure growth
  • Data Centres and Industrial Infrastructure now account for a sizeable portion of the total order backlog
  • Marine and Defence operations continue to perform well with strong domestic market and naval development
  • Orders from leading shipyards strengthen the company's established position in maritime defence sector
  • Unexecuted order book of ₹2,073 crores provides visibility of approximately 8 to 24 months
  • Focus remains on efficient and timely execution of the significant pipeline

Company Background

Marine Electricals (India) Limited is an indigenous turnkey solutions provider specializing in electrical distribution, control and automation, and integrated technology solutions for marine, defence, industrial, and infrastructure sectors. Established in 1978 and headquartered in Mumbai, the company delivers end-to-end capabilities covering design, manufacturing, installation, commissioning, and lifecycle support. The company has advanced manufacturing facilities in Mumbai and Goa and serves critical applications across naval platforms, shipyards, data centers, oil and gas, metros, airports, ports, and large commercial infrastructure.