Marine Electricals (India) Limited has informed the Exchange that Record date for the purpose of Dividend is 12-Sep-2025.
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Awaiting price reaction for this filing.
Marine Electricals reported its Q1 FY26 (quarter ended 30 June 2025) results alongside other board decisions. On a standalone basis, revenue from operations rose to Rs. 14,707.57 lakhs from Rs. 12,521.37 lakhs in Q1 FY25, with profit after tax climbing to Rs. 1,088.68 lakhs (vs Rs. 826.74 lakhs). Consolidated revenue was Rs. 16,697.81 lakhs and consolidated PAT jumped to Rs. 1,159.70 lakhs from Rs. 705.09 lakhs. The board recommended a final dividend of Rs. 0.30 per share (15% on face value of Rs. 2) for FY25, with 12 September 2025 as the record date and AGM scheduled for 29 September 2025. The board also approved a new Section 8 wholly owned subsidiary for CSR activities. The auditor flagged an Emphasis of Matter on a Rs. 2,134 lakh arbitration award being challenged in Bombay High Court, and noted going-concern uncertainty for subsidiary Eltech Engineers Madras due to eroded net worth.
Strong quarterly performance with consolidated PAT nearly doubling YoY should be viewed positively by shareholders, though the pending arbitration of over Rs. 21 crore and the weak subsidiary (Eltech) pose overhangs. The Rs. 0.30 dividend (small yield) and stock price may react to the clean earnings beat but tempered by the disclosed legal contingencies.