Marine Electricals Q1 FY27 Revenue Soars 55% to ₹259 Cr, Order Backlog Hits ₹2,073 Cr
Marine Electricals (India) Limited reported a 55% YoY increase in Q1 FY27 revenue to ₹259 crores. EBITDA grew 47% to ₹33 crores and PAT rose 51% to ₹18 crores. The company secured ₹784 crores in new orders, with its order backlog reaching ₹2,073 crores, up 201% YoY.
The substantial increase in revenue, profitability, and especially the order backlog (201% YoY growth) indicates a significant positive impact on the company's financial health and future growth prospects.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, along with a significant increase in order backlog and new order wins, indicating a positive business performance and outlook.
Marine Electricals (India) Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), reporting a significant year-on-year increase in revenue and profitability.
Revenue from operations for Q1 FY27 grew by 55% to ₹259 crores. This growth was driven by both segments, with Marine revenue increasing by 30% to ₹103 crores and Industry revenue rising by 77% to ₹156 crores. EBITDA saw a 47% year-on-year increase, reaching ₹33 crores, attributed to strong revenue growth and efficient execution. Profit After Tax (PAT) grew by 51% to ₹18 crores, reflecting sustained profitability.
The company secured ₹784 crores in new orders during the quarter, bolstering its growth prospects. The order backlog stood at ₹2,073 crores as of June 2026, marking a 201% year-on-year increase, which provides strong revenue visibility for the upcoming quarters. The Industry segment constitutes approximately 65% of the order backlog, with Data Centres and Industrial Infrastructure being key contributors, aligning with India's digital and infrastructure growth.
Mr. Vinay Uchil, Chairman & Executive Director, highlighted the company's robust performance, stating, "The first quarter of FY27 has set a strong direction for Marine Electricals (India), marked by faster execution and a growing market presence." He emphasized the strategic focus on capturing opportunities in India’s digital and AI infrastructure growth and the continued strength of the Marine and Defence operations. The company anticipates 8 to 24 months of execution pipeline visibility with the addition of major contracts secured through July.
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