Marine Electricals Q2 FY27 Revenue Surges 82% to ₹405 Cr, New Orders Worth ₹2,059 Cr Secured
Marine Electricals reported strong Q2 FY27 results with revenue up 82% YoY to ₹405 crores and PAT up 93% to ₹32 crores. H1 FY27 revenue grew 71% to ₹664 crores. The company secured new orders worth ₹2,059 crores, increasing its order book to ₹3,514 crores. A new manufacturing facility in Goa is expected to triple capacity.
The strong financial performance, significant new order wins, and capacity expansion through a new manufacturing facility are material developments that are expected to have a considerable positive impact on the company's future financial results and market position.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT for both the quarter and half-year ended September 30, 2026. The substantial increase in new orders and the expanded order book indicate strong future revenue visibility and business momentum.
Marine Electricals (India) Limited (MARINE) announced its unaudited financial results for the quarter and half-year ended September 30, 2026 (Q2 and H1 FY27). The company reported a significant year-on-year (YoY) growth in Q2 FY27, with revenue increasing by 82% to ₹405 crores, EBITDA rising by 78% to ₹53 crores, and Profit After Tax (PAT) growing by 93% to ₹32 crores.
For the first half of FY27 (H1 FY27), revenue grew by 71% YoY to ₹664 crores, EBITDA increased by 65% to ₹86 crores, and PAT saw a rise of 76% to ₹50 crores.
The company also secured substantial new orders worth ₹2,059 crores during Q2 FY27, boosting its open order position to ₹3,514 crores as of September 30, 2026, a 386% YoY increase. The order book provides revenue visibility for the next 6 to 30 months, with ₹3,065 crores from the Industrial segment and ₹449 crores from Defence & Marine.
Business highlights include strong performance in the Industry segment, driven by data centres, industrial infrastructure, and semiconductor projects, with revenue growing 164% in Q2 and 123% in H1. The Marine segment also saw growth of 16% in Q2 and 21% in H1, supported by domestic naval programs and fleet expansion.
Marine Electricals also inaugurated its sixth manufacturing facility in Goa, dedicated to PTUs for data centres and Shore Conversion Systems, which is expected to triple the company's overall manufacturing capacity.
Mr. Vinay Uchil, Chairman & Executive Director, expressed confidence in sustaining strong growth, citing the substantial order book, expanding opportunities in data centres, Marine and Defence sectors, and enhanced manufacturing capacity.
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