Marine Electricals Q1FY27 Revenue Jumps 55%

Date: 22nd September, 2026

Q1 FY27 Performance (in ₹ Crores):

Total Income: ₹263.5 (vs. ₹172.2 in Q1 FY26, +53% YoY)
Gross Profit: ₹76.1 (GP Margin: 28.9% vs. 32.3% in Q1 FY26)
EBITDA: ₹32.5 (vs. ₹22.1 in Q1 FY26, +47% YoY; EBITDA Margin: 12.3% vs. 12.8%)
EBIT: ₹27.9 (vs. ₹18.6 in Q1 FY26, +50% YoY; EBIT Margin: 10.6% vs. 10.8%)
Profit Before Tax: ₹23.7 (vs. ₹15.5 in Q1 FY26, +54% YoY; PBT Margin: 9.0%)
Profit After Tax: ₹17.5 (vs. ₹11.6 in Q1 FY26, +51% YoY; PAT Margin: 6.6%)

Quarterly Comparison:

Full Year FY26 Performance (in ₹ Crores):

From Mr. Vinay Uchil, Chairman & Executive Director:

Q1FY27 set a strong direction with faster execution and growing market presence
Strategic shift toward capturing opportunities from India's digital and AI infrastructure growth
Data Centres and Industrial Infrastructure now account for a sizeable portion of total order backlog
Marine and Defence operations continue to perform well supported by strong domestic market and naval development
Ended Q1FY27 with strong unexecuted order book of ₹2,073 crores
Execution pipeline provides visibility of approximately 8 to 24 months
Focus remains on efficient and timely execution of significant pipeline

Order Book Status:

Recent Order Wins:

Larsen & Toubro: ₹115.0 crores
Afcons Infrastructure, Knowledge Shipyard & Udupi Cochin: ₹16.9 crores
Princeton Digital Group & C Torq Marine Services: ₹70.9 crores
Adani Infra & Udupi Cochin Shipyard: ₹208.7 crores
Princeton Digital Group: ₹96.4 crores
Garden Reach Shipbuilders, Material Organisation & Udupi Cochin Shipyard: ₹44.2 crores
STT Global Data Centres & Deepak Chem Tech: ₹76.4 crores
STT Global Data Centres & Princeton Digital Group: ₹75.2 crores

Defence & Marine Solutions:

Tier-1 supplier to Indian Navy and Indian Coast Guard for switchboards, power management, navigation and propulsion systems
Comprehensive naval solutions including shock-grade motors, naval lighting, fire detection & electric propulsion systems
Turnkey electrical solutions for commercial marine sector
Strong customer base: Indian Navy (IN), Indian Coast Guard (ICG), DRDO, ABG Shipyard, CSL, Bharati Shipyard
Product focus: Integrated Platform Management Systems (IPMS), Battery Management Systems (BMS), Permanent Magnet Propulsion Motors (PMSM)
~50% Market Share in LV + MV Up to 33KV Switchgear

Industrial Solutions:

India's largest licensed manufacturer of Schneider Electric's BLOKSET LV switchboards
Proprietary MEcubE+ (LV) and MEpoweR+ (MV up to 33kV) switchgear solutions
Integrated Building Management Systems (IBMS)
MECONNECT+ Energy Management Solution
Provider of bus duct systems for data centres, industrial facilities and high-rise commercial buildings
Serves diverse end markets: Oil & Gas, Power, Data Centres, Metro Rail, Pharmaceuticals, Ports and Commercial Buildings

Vessel Traffic Management System (VTMS):

Developer of TITAN platform, a leading Maritime Domain Awareness (MDA) software solution
Product portfolio: VTS, VTMIS, Coastal Surveillance Systems (CSS), shore-based AIS networks and Vessel ECS systems
Proven execution with VTMIS implementation in the Philippines and presence across Africa, Asia and Europe
Regulatory tailwind from mandatory VTS deployment across all Indian ports

EV Charging Solutions:

End-to-end in-house design and manufacturing of EV chargers (3.3 kW AC to 240 kW DC fast chargers)
Proprietary Bijlify App and Charge Point Management System (CPMS)
OCPP-compliant charging solutions ensuring interoperability
Customized solutions for residential communities, commercial buildings, public infrastructure and fleet operators
Pan-India network providing installation, commissioning and after-sales maintenance services

Key Management Personnel:

Vinay Uchil: Chairman & Executive Director (Joined 1995, PGDBA Finance, B.E. Instrumentation)
Venkatesh Uchil: Managing Director (Joined 2002, B.E. Electronics & Telecommunications)
Shailendra Shukla: Executive Director
Sridhar Srinivasan: CTO, R&D (38+ years experience)
Captain Kamal Yadav: VP, (Global Sales) Marine Business Unit (30+ years experience, former Merchant Navy Captain)
S. Subash: Asst. Vice President, Data Centre Business Development
Ram Singh: Marine Business Unit
Stella D'Souza: Supply chain management

Board Members:

Dr. Tanuja Pudhierkar: Non-Executive, Non-Independent Director (Qualified M.D. in Obstetrics & Gynecology)
Admiral Nikunj Mishra: Non-Executive Independent Director (Rear Admiral Retd., B.Sc JNU, B.Tech Naval College of Engg., PGDBM IGNOU, M.Tech IIT Bombay)
Vikas Jayant: Non-Executive Independent Director (B.E., MBA, over four decades in Energy, Power, Infra, and Data Centers)
Venkata Archana: Non-Executive Independent Director (B.Com; Chartered Accountant and Certified Information Systems Auditor)

Revenue From Operations (₹ Crores):

EBIT (₹ Crores):

Working Capital Days (FY26):

Assets:

Liabilities & Equity:

Investor Relations Advisors: Strategic Growth Advisors Pvt. Ltd.
Contacts: Mr. Aditya Parakh / Mr. Devraj Ghatge, aditya.parakh@sgapl.net / devraj.ghatge@sgapl.net, +91 75069 96217 / +91 91687 23907