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- Marine Electricals (India) Q1 Results PAT Rises to Rs. 705.09 Lakhs, with Total Income Increasing to Rs. 14,150.18 Lakhs
Marine Electricals (India) Q1 Results PAT Rises to Rs. 705.09 Lakhs, with Total Income Increasing to Rs. 14,150.18 Lakhs
Marine Electricals (India) Q1 Results for FY 2024-2025, as announced, show a total income of Rs. 14,150.18 lakhs and a profit after tax of Rs. 705.09 lakhs.
by P Nandhini
Updated Aug 20, 2024
Table of Content
Marine Electricals (India) Q1 Results 2024 - 2025
Here is a summary of Marine Electricals (India)'s financial results for the first quarter of the fiscal year 2024-2025:
| Particulars | Q1 FY 2024-2025 |
|---|---|
| Revenue from Operations | Rs. 13,845.58 lakhs |
| Other Income | Rs. 304.60 lakhs |
| Total Income | Rs. 14,150.18 lakhs |
| Cost of Materials Consumed | Rs. 10,586.88 lakhs |
| Employee Benefits Expense | Rs. 1,251.13 lakhs |
| Total Expenses | Rs. 13,182.27 lakhs |
| Profit Before Tax | Rs. 969.70 lakhs |
| Profit for the Period | Rs. 705.09 lakhs |
| Earnings per Share (Basic & Diluted) | Rs. 0.54 |
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Marine Electricals (India) Q1 Results Overview
Marine Electricals (India) recently announced its financial results for the first quarter of the fiscal year 2024-2025, revealing strong performance in its operations. For the quarter ended June 30, 2024, the company reported a total income of Rs. 14,150.18 lakhs, a notable figure indicating robust revenue streams.
This performance is driven by steady revenue from operations and other income, which collectively underscore the company’s healthy financial footing. The financial results also highlight a profit before tax of Rs. 969.70 lakhs and a profit after tax of Rs. 705.09 lakhs, reflecting efficient management of expenses and operations.
Earnings per share for the quarter stood at Rs. 0.54, showcasing a positive return for shareholders. These results set a promising tone for the rest of the fiscal year, demonstrating Marine Electricals' ongoing commitment to growth and financial stability.
Marine Electricals (India) Current Market Overview
Marine Electricals (India) is currently trading at ₹265 per share, with a market capitalization of ₹3,516 crore. The stock has seen a 52-week high of ₹308 and a low of ₹55.1, showing significant price movement over the year.
The company has a high price-to-earnings (P/E) ratio of 122, indicating that investors are willing to pay a premium for its earnings. However, it currently does not offer any dividend yield. The company's return on capital employed (ROCE) is 15.4%, and its return on equity (ROE) is 11.2%, reflecting decent profitability in its operations.
| Details | Information |
|---|---|
| Current Price | ₹ 265 |
| Market Cap | ₹ 3,516 Cr. |
| High / Low (52 weeks) | ₹ 308 / ₹ 55.1 |
| Stock P/E | 122 |
| Book Value | ₹ 18.9 |
| Dividend Yield | 0.00% |
| ROCE (Return on Capital Employed) | 15.4% |
| ROE (Return on Equity) | 11.2% |
| Face Value | ₹ 2.00 |
Quarterly Results
Below is a summary of the recent quarterly results for Marine Electricals (India), focusing on the last three quarters: December 2023, March 2024, and June 2024.
| Quarter | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Cr.) | 146.65 | 237.08 | 138.46 |
| Expenses (₹ Cr.) | 135.17 | 216.63 | 125.12 |
| Operating Profit (₹ Cr.) | 11.48 | 20.45 | 13.34 |
| OPM (%) | 7.83% | 8.63% | 9.63% |
| Other Income (₹ Cr.) | 1.24 | 3.68 | 3.06 |
| Interest (₹ Cr.) | 3.24 | 3.87 | 3.35 |
| Depreciation (₹ Cr.) | 2.55 | 3.25 | 3.36 |
| Profit Before Tax (₹ Cr.) | 6.93 | 17.01 | 9.69 |
| Tax (%) | 23.23% | 28.40% | 27.35% |
| Net Profit (₹ Cr.) | 5.32 | 12.18 | 7.05 |
| EPS (₹) | 0.38 | 0.96 | 0.54 |
About Marine Electricals (India)
Marine Electricals (India) is a leading company that provides integrated technical services in the fields of electrical automation and information and communication technology (ICT) solutions.
With a strong presence in the industry, the company offers a wide range of products and services, including marine electrical systems, industrial automation, and renewable energy solutions.
Known for its commitment to innovation and quality, Marine Electricals serves various sectors, including marine, oil and gas, power, and infrastructure, both in India and internationally. The company continues to grow by delivering reliable and advanced technology solutions to meet the needs of its diverse clientele.
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Marine Electricals (India) Q1 Results - FAQs
1. When did Marine Electricals (India) release its Q1 FY 2024-2025 results?
Marine Electricals (India) released its Q1 FY 2024-2025 results on August 12, 2024.
2. What was Marine Electricals (India)'s total income for Q1 FY 2024-2025?
Marine Electricals (India) reported a total income of Rs. 14,150.18 lakhs for Q1 FY 2024-2025.
3. What was the profit before tax for Marine Electricals (India) in Q1 FY 2024-2025?
The profit before tax for Marine Electricals (India) was Rs. 969.70 lakhs.
4. What was Marine Electricals (India)'s profit after tax for Q1 FY 2024-2025?
Marine Electricals (India) reported a profit after tax of Rs. 705.09 lakhs.
5. What were the earnings per share for Marine Electricals (India) in Q1 FY 2024-2025?
The earnings per share for Marine Electricals (India) were Rs. 0.54.
6. How much did Marine Electricals (India) spend on employee benefits in Q1 FY 2024-2025?
Marine Electricals (India) spent Rs. 1,251.13 lakhs on employee benefits.
7. What was the cost of materials consumed by Marine Electricals (India) in Q1 FY 2024-2025?
The cost of materials consumed by Marine Electricals (India) was Rs. 10,586.88 lakhs.
8. How much other income did Marine Electricals (India) report for Q1 FY 2024-2025?
Marine Electricals (India) reported other income of Rs. 304.60 lakhs.
9. What were the total expenses for Marine Electricals (India) in Q1 FY 2024-2025?
Marine Electricals (India) had total expenses of Rs. 13,182.27 lakhs.
10. What is the book value per share for Marine Electricals (India)?
The book value per share for Marine Electricals (India) is ₹ 18.9.