Marine Electricals (India) Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Marine Electricals (India) Ltd reported a 6.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 34.1%.
- Its expenses for the quarter were up by 11.9% QoQ and 35.0% YoY.
- The net profit decreased 62.5% QoQ and decreased 10.2% YoY.
- The earnings per share (EPS) of Marine Electricals (India) Ltd stood at 0.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 198.25 | 186.15 | 147.89 | 6.5% | 34.1% |
Total Expenses | 190.21 | 169.98 | 140.92 | 11.9% | 35.0% |
Profit Before Tax | 8.04 | 16.16 | 6.97 | -50.2% | 15.4% |
Tax | 3.23 | 3.48 | 1.61 | -7.2% | 100.6% |
Profit After Tax | 4.78 | 12.76 | 5.32 | -62.5% | -10.2% |
Earnings Per Share | 0.40 | 0.90 | 0.40 | -55.6% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Marine Electricals (India) Ltd is a company engaged in the manufacturing and distribution of electrical solutions. The company primarily operates in the electrical industry, offering products and services that cater to the marine, industrial, and commercial sectors. As a player in the electrical solutions domain, Marine Electricals has established itself within its industry with a focus on providing high-quality electrical systems and components. The company serves a broad range of clients, including those in the maritime sector, leveraging its expertise to deliver advanced electrical systems that enhance operational efficiency and safety. As of the latest data, there are no specific recent major developments available for Marine Electricals (India) Ltd.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Marine Electricals (India) Ltd reported a total income of ₹198.25 crores. This represents a quarter-over-quarter (QoQ) increase of 6.5% from the previous quarter (Q2FY25), where the total income was ₹186.15 crores. Comparing this to the same quarter of the previous year (Q3FY24), the total income increased by 34.1% from ₹147.89 crores. These figures indicate growth in the company's income over both the quarterly and annual comparison periods, reflecting changes in the company's revenue generation capabilities.
Profitability
Marine Electricals (India) Ltd's profitability in Q3FY25 showed a profit before tax of ₹8.04 crores, which is a decrease of 50.2% QoQ from ₹16.16 crores in Q2FY25. However, there is a year-over-year (YoY) increase of 15.4% from Q3FY24's ₹6.97 crores. After accounting for taxes, the profit after tax in Q3FY25 was ₹4.78 crores, down 62.5% from the previous quarter's ₹12.76 crores and a decrease of 10.2% from ₹5.32 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 stood at ₹0.40, which remained the same as in Q3FY24, despite a QoQ decrease of 55.6% from ₹0.90 in Q2FY25. The tax expense for the quarter was ₹3.23 crores, which showed a slight decrease of 7.2% QoQ from ₹3.48 crores and a significant increase of 100.6% YoY from ₹1.61 crores in Q3FY24.
Operating Metrics
The operating metrics for Marine Electricals (India) Ltd for Q3FY25 reveal total expenses of ₹190.21 crores, marking an increase of 11.9% QoQ from ₹169.98 crores in Q2FY25. Compared to Q3FY24, total expenses rose by 35.0% from ₹140.92 crores. These figures suggest changes in the company's cost structure and operational expenditures. Key financial ratios such as the P/E ratio, debt-to-equity ratio, and current ratio were not provided in the data, hence cannot be calculated here. The financial results indicate notable changes in the company's financial operations over the periods under review, reflecting its strategic and operational adjustments.
