Synopsis: Marine Electricals Limited reported robust Q2FY26 results, with net profit rising 30.76 percent compared to the same quarter last year and increasing 41.66 percent from Q1FY26.
The shares of a small-cap company, which specializes in producing switchgears for the Indian Navy, soared to 3 percent after the announcement of its Q2FY26 results and updates.
With a market capitalization of Rs.3,448.61 crores, the shares of Marine Electricals Limited were trading at Rs.250, up by 3.80 percent from its previous day closing price of Rs.240.85.
Q2FY26 Results
Marine Electricals Limited reported Q2FY26 revenue of Rs.222 crore, up by 20.65 percent from Rs.184 crore in Q2FY25 and 32.93 percent higher than Rs.167 crore in Q1FY26.
The consolidated segment revenue from operations was Rs.222 crores. Out of this, the Marine segment generated Rs.122.71 crores, which forms about 55 percent of the total, while the Industry segment contributed Rs.99.52 crores, making up roughly 45 percent.
EBITDA improved to Rs.26 crores in Q2FY26, up by 23.80 percent from Rs.21 crores in Q2FY25 and 52.94 percent higher than Rs.17 crores in Q1FY26. Profit before tax stood at Rs.22 crores in Q2FY26, up by 37.5 percent from Rs.16 crores in Q2FY25, up by 46.66 percent compared to Rs.15 crores in Q1FY26.
Net profit reached Rs.17 crore in Q2FY26, rising 30.76 percent from Rs.13 crores in Q2FY25 and 41.66 percent higher than Rs.12 crores in Q1FY26.
Net worth grew from Rs.214.79 crore in 2023 to Rs.408.07 crore in 2025, reflecting a stronger financial foundation. At the same time, the company has reduced its debt, from Rs.95.47 crore in 2024 to Rs.49.51 crore in 2025. Debt-Equity Ratio improved from 0.37 in 2024 to 0.12 in 2025.
About the company
Marine Electricals Limited was founded in 1978 and serves a wide range of sectors, including the navy and coast guard, commercial shipyards, industrial and commercial establishments, ports, and electric vehicles. The company provides integrated technical services in electrical, automation, power electronics, and ICT solutions.
It also manufactures and installs slow and fast EV chargers ranging from 3.3KW to 240KW, supported by its in-house app, Bijlify, and a charge point management system. Delivers services globally, with offices and service centers at over 14 key locations across India.
Written By: Jhanavi Sivakumar
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