Marine Electricals (India) Limited has informed the Exchange that Record date for the purpose of Dividend is 12-Sep-2025.
MARINE · price
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Awaiting price reaction for this filing.
Marine Electricals reported strong Q1FY26 results with standalone revenue from operations rising to Rs. 14,707.57 lakhs (vs Rs. 12,521.37 lakhs in Q1FY25, ~17% growth) and standalone profit after tax at Rs. 1,088.68 lakhs (vs Rs. 826.74 lakhs, ~32% growth). Consolidated revenue grew ~21% to Rs. 16,697.81 lakhs and consolidated PAT jumped ~65% 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 12-Sep-2025 as the record date and AGM on 29-Sep-2025. The Board also approved incorporation of a new Section 8 wholly-owned subsidiary for CSR activities and noted the increased stake in Marks Marine Radio (from 49.2% to 59.23%, making it a subsidiary).
Strong Q1 performance with double-digit revenue and over 25% PAT growth on both standalone and consolidated bases is positive for shareholders. The 15% dividend offers modest yield support, while the new CSR subsidiary and increased stake in MMRPL signal continued expansion. However, the ongoing arbitration case (Rs. 2,134 lakhs claim) and the going concern flag on subsidiary Eltech Engineers Madras warrant monitoring.