Marine Electricals (India) Limited has informed the Exchange that Board of Directors at its meeting held on August 12, 2025, recommended Final Dividend of 0.3 per equity share.
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Awaiting price reaction for this filing.
Marine Electricals reported strong Q1 FY26 results with standalone revenue growing ~17.5% year-on-year to Rs. 14,708 lakhs and profit after tax rising ~32% to Rs. 1,089 lakhs (EPS Rs. 0.79). On a consolidated basis, revenue grew ~20.6% to Rs. 16,698 lakhs and PAT jumped ~64% to Rs. 1,160 lakhs (EPS Rs. 0.84), driven by strong growth in both Marine and Industry segments. The Board recommended a final dividend of Rs. 0.30 per share (15% on face value of Rs. 2) for FY25, with record date fixed as September 12, 2025 and AGM scheduled for September 29, 2025. The company completed acquisition of additional 10% stake in Marks Marine Radio (now 59.23%, making it a subsidiary) and approved a new Section 8 wholly-owned subsidiary for CSR activities. Auditors flagged an emphasis of matter on a pending arbitration award of Rs. 2,134 lakhs (against which Rs. 1,295 lakhs has been provisioned cumulatively) and a going concern uncertainty at subsidiary Eltech Engineers Madras, whose networth is fully eroded.
Strong revenue and profit growth along with the dividend announcement are positive signals for shareholders. However, the ongoing arbitration case at the Bombay High Court and going concern flag on a subsidiary are items investors should monitor closely.