Date: 5th November, 2026
Financial Results (Standalone & Consolidated)
Q2 FY27 Performance:
- Revenue: ₹405 crores, up 82% YoY
- EBITDA: ₹53 crores, up 78% YoY (includes other income)
- Profit Before Tax (PBT): ₹43 crores, up 93% YoY
- Profit After Tax (PAT): ₹32 crores, up 93% YoY
H1 FY27 Performance:
- Revenue: ₹664 crores, up 71% YoY
- EBITDA: ₹86 crores, up 65% YoY
- Profit Before Tax (PBT): ₹67 crores, up 77% YoY
- Profit After Tax (PAT): ₹50 crores, up 76% YoY
Order Book Position
As on 30 September 2026:
- Total Open Order Position: ₹3,514 crores, up 386% YoY
- Segment-wise breakdown:
- Industrial: ₹3,065 crores
- Defence & Marine: ₹449 crores
New Orders in Q2 FY27:
- Secured new orders worth ₹2,059 crores during Q2 FY27
- Open position provides revenue visibility over next 6 to 30 months
Segment Performance
H1 FY27 Segment Growth:
- Industry revenue: Grew 123% YoY, driven by data centers, industrial infrastructure and semiconductor projects
- Marine revenue: Grew 21% YoY, supported by domestic naval programmes, fleet expansion and orders from leading shipyards
Q2 FY27 Segment Growth:
- Industry revenue: Grew 164% YoY
- Marine revenue: Grew 16% YoY
Capacity Expansion
- Inaugurated sixth manufacturing facility in Goa for PTUs for data centers and Shore Conversion Systems
- New facility expected to triple the Company's overall manufacturing capacity
Management Commentary
Mr. Vinay Uchil, Chairman & Executive Director commented on the performance:
- Q2 FY27 reflected sustained business momentum, healthy order inflows and improved execution across key segments
- Industry business showed strong performance with steady contributions from Marine and Defence
- ₹2,059 crores in new orders provides strong revenue visibility
- Data centers emerged as key growth driver complemented by opportunities in semiconductor and industrial projects
- Marine and Defence business benefits from India's focus on naval modernization and indigenous manufacturing
- Repeat orders from leading data center developers reinforce customer confidence
- Confident of sustaining strong growth momentum backed by substantial order book and enhanced manufacturing capacity
About the Company
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. Company delivers end-to-end capabilities covering design, manufacturing, installation, commissioning, and lifecycle support. Strong in-house R&D, advanced manufacturing facilities in Mumbai and Goa. Trusted partner to Indian Navy, Coast Guard, and leading industrial customers with growing global footprint across Middle East and Southeast Asia.
Contact Details
- Mr. Rohit Ravi: rohit.ravi@marineelectricals.com
Investor Relations Advisors: Strategic Growth Advisors Pvt. Ltd.
- Mr. Aditya Parakh / Mr. Devraj Ghatge
- aditya.parakh@sgapl.net / devraj.ghatge@sgapl.net
- +91 75069 96217 / +91 91687 23907