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Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.
Marine Electricals delivered strong Q1 results. Revenue rose 55% to ₹259 Cr, EBITDA grew 47% to ₹33 Cr, and PAT increased 51% to ₹18 Cr. New orders of ₹784 Cr boosted order backlog to ₹2,073 Cr, up 201% YoY, ensuring robust revenue visibility, driven by industrial and data center infrastructure.
Marine Electricals has restructured its Nomination & Remuneration, Stakeholders' Relationship, and Risk Management Committees. These governance changes aim to strengthen board oversight and operational efficiency.
MARINE detected a potential cybersecurity incident from a firewall attack. An independent firm is assessing. Business operations remain uninterrupted with no material impact, though data loss risk is remote but not eliminated.
Marine Electricals (India) Limited has informed the Exchange about General Updates
Marine Electricals has announced the release of its audited financial results for the quarter and financial year ended March 31. Investors should review the detailed press release for core developments and financial performance.