Marine Electricals (India) Limited has informed the Exchange that Board of Directors at its meeting held on August 12, 2025, recommended Final Dividend of Rs. 0.3 per equity share.
MARINE · price
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Marine Electricals reported strong Q1 FY26 results. Standalone revenue from operations rose to Rs. 14,707.57 lakhs (up ~17.5% from Rs. 12,521.37 lakhs in Q1 FY25), with profit after tax at Rs. 1,088.68 lakhs (up ~31.7% YoY). On a consolidated basis, revenue grew ~20.6% to Rs. 16,697.81 lakhs and PAT jumped ~64.5% to Rs. 1,159.70 lakhs. The Board recommended a final dividend of Rs. 0.30 per share (15% on face value of Rs. 2) for FY25, with record date set for September 12, 2025. The 18th AGM is scheduled for September 29, 2025. The company also approved a new Section 8 wholly owned subsidiary for CSR activities and completed acquisition of an additional 10% stake in Marks Marine Radio Pvt Ltd, making it a subsidiary. The auditor flagged an emphasis of matter on a Rs. 2,134 lakh arbitration award (company is contesting at Bombay High Court) and a going concern uncertainty at subsidiary Eltech Engineers Madras, whose net worth is fully eroded.
Strong revenue and earnings growth, along with a consistent dividend declaration, signal healthy operational performance. However, the ongoing arbitration case and Eltech's financial weakness remain watchpoints, though neither is currently material to the group's overall health.