Marine Electricals (India) Ltd Share Price – NSE

Capital Goods - Electrical Equipment, Small Cap

Marine Electricals (India) announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 17 August 2024 .

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Marine Electricals (India) will hold a meeting of the Board of Directors of the Company on 24 July 2024.

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The order from DC Development Hyderabad involves supplying FIM LV Panels and Skid for the HYD20 expansion project (DC 2 & 3) with a total capacity of 28.8 MW. The company will fulfill the delivery of the equipment over a period of 20 months.

Marine Electricals is a one-stop shop for electrical and communication needs. They design, build, and install systems that improve efficiency and sustainability for their clients and their clients' customers.

On a consolidated basis, net profit of Marine Electricals (India) surged 206.04% to Rs 12.67 crore on 65.65% increase in net sales to Rs 237.08 crore in Q4 March 2024 over Q4 March 2023.

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Net profit of Marine Electricals (India) rose 206.04% to Rs 12.67 crore in the quarter ended March 2024 as against Rs 4.14 crore during the previous quarter ended March 2023. Sales rose 65.65% to Rs 237.08 crore in the quarter ended March 2024 as against Rs 143.12 crore during the previous quarter ended March 2023.

For the full year,net profit rose 52.35% to Rs 25.90 crore in the year ended March 2024 as against Rs 17.00 crore during the previous year ended March 2023. Sales rose 40.48% to Rs 622.12 crore in the year ended March 2024 as against Rs 442.85 crore during the previous year ended March 2023.

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