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 2024 - 2025

Here is a summary of Marine Electricals (India)'s financial results for the first quarter of the fiscal year 2024-2025:

Source: Click Here

For More Q1 results check our Twitter Page

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.

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. 

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.

Visit our website for more Q1 results