MARINENSEMarine Electricals (India) Limited· Industrial ManufacturingHighNeutral
Announced Mon, 3 Nov, 2025 · 17:46 IST

Marine Electricals (India) Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.

Revenue Growth 20pctPat Growth 25pctEbitda Margin ExpansionEmphasis Of MatterGoing ConcernResults View source PDFExplain this filing

MARINE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close
+1.2%Reaction day
₹241.00
prior close
₹254.00
announcement price
After-mkt
timing
Nifty Microcap 250market · in no size index; the smallest one is used-0.8%+2.0% vs market
Industrial Products peers, median of 114sector-0.5%+1.7% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 1.7 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark
Stock
5m
-1.0
10m
-1.6
15m
-1.1
30m
-0.8
Sessions after the filingfrom the prior close
StockMarketvs marketSectorvs sector
Reaction day
+1.2-0.8+2.0-0.5+1.7
Next day
-5.0-2.4-2.6-1.7-3.3
2d
-3.6-2.1-1.6-2.1-1.5
3d
-6.0-2.4-3.6-2.6-3.4
4d
-2.1-2.7+0.6-3.2+1.1
5d
-1.7-1.8+0.1-3.0+1.3
1w
+4.6-1.9+6.5-3.5+8.1
15d
-4.1-3.3-0.8-5.1+1.0
1m
-12.0-5.6-6.5-9.6-2.4
2m
-10.4-4.9-5.5-10.4-0.0
3m
-19.5-8.2-11.3-16.2-3.3
UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 114Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Marine Electricals reported strong Q2 FY26 standalone results, with revenue from operations rising to Rs 17,346.30 lakhs (from Rs 16,547.16 lakhs YoY) and profit after tax jumping to Rs 1,520.05 lakhs (from Rs 971.75 lakhs), a ~56% growth. For the half-year, standalone PAT grew ~46% to Rs 2,617.73 lakhs, while consolidated revenue grew ~20.7% to Rs 38,922.34 lakhs and consolidated PAT rose ~42% to Rs 2,820.26 lakhs. EBITDA margin expanded meaningfully compared to the prior year period. The auditor flagged two emphasis-of-matter items: (1) an arbitration award of Rs 2,134 lakhs plus interest upheld by the Bombay High Court on Oct 7, 2025, requiring an additional Rs 904.43 lakhs provision this quarter, and (2) a material going-concern uncertainty at subsidiary Eltech Engineers Madras, whose net worth is fully eroded. The company also confirmed a Rs 0.30/share dividend, a new Singapore subsidiary (MEL Power Systems), and increased stakes in MMRPL and Xanatech Synergies.

Likely market impact

Strong headline earnings growth and margin expansion are positive, but the Eltech going-concern flag and the upheld arbitration award (now requiring larger provisioning) are notable concerns that may weigh on sentiment. Shareholders should watch the outcome of the review petition and Eltech's funding support. Overall, robust operating performance is partially offset by these balance-sheet and legal overhangs.