Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol MARINE
MSEI Symbol NOTLISTED
ISIN INE01JE01028
Name of company MARINE ELECTRICALS (INDIA) LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 27-May-2025   17:10:00
End date and time of board meeting 27-May-2025   19:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2507406000 7670953000
Other income 37789000 133179000
Total income 2545195000 7804132000
2 Expenses
(a) Cost of materials consumed 1742023000 5438511000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 110228000 136880000
(d) Employee benefit expense 174273000 572299000
(e) Finance costs 33535000 140766000
(f) Depreciation, depletion and amortisation expense 43655000 155658000
(f) Other Expenses
1 Other expenses 256473000 836204000
Total other expenses 256473000 836204000
Total expenses 2360187000 7280318000
3 Total profit before exceptional items and tax 185008000 523814000
4 Exceptional items 0 0
5 Total profit before tax 185008000 523814000
6 Tax expense
7 Current tax 61281000 181794000
8 Deferred tax -11861000 -38795000
9 Total tax expenses 49420000 142999000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 135588000 380815000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -479000 311000
16 Total profit (loss) for period 135109000 381126000
17 Other comprehensive income net of taxes 4945000 11001000
18 Total Comprehensive Income for the period 140054000 392127000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 133836000 384322000
Total profit or loss, attributable to non-controlling interests 1212000 -3197000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 2850000 8538000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2095000 2463000
21 Details of equity share capital
Paid-up equity share capital 275889000 275889000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 3761402000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.97 2.83
Diluted earnings (loss) per share from continuing operations 0.96 2.81
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.97 2.83
Diluted earnings (loss) per share from continuing and discontinued operations 0.96 2.81
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 493765000
Capital work-in-progress 53639000
Investment property 51097000
Goodwill 78236000
Other intangible assets 131569000
Intangible assets under development 109463000
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 60134000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 71305000
Total non-current financial assets 131439000
Deferred tax assets (net) 51450000
Other non-current assets 22851000
Total non-current assets 1123509000
2 Current assets
Inventories 788773000
Current financial asset
Current investments 0
Trade receivables, current 3308362000
Cash and cash equivalents 183759000
Bank balance other than cash and cash equivalents 369299000
Loans, current 12218000
Other current financial assets 1043845000
Total current financial assets 4917483000
Current tax assets (net)
Other current assets 416875000
Total current assets 6123131000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 7246640000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 275889000
Other equity 3761402000
Total equity attributable to owners of parent 4037291000
Non controlling interest 43413000
Total equity 4080704000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 208251000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 45268000
Total non-current financial liabilities 253519000
Provisions, non-current 50331000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 1711000
Total non-current liabilities 305561000
Current liabilities
Current financial liabilities
Borrowings, current 286927000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 17655000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1950901000
Total Trade payable 1968556000
Other current financial liabilities 164200000
Total current financial liabilities 2419683000
Other current liabilities 381446000
Provisions, current 8802000
Current tax liabilities (Net) 50444000
Deferred government grants, Current 0
Total current liabilities 2860375000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 3165936000
Total equity and liabilites 7246640000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Marine 1495269000 3960590000
2 Industry 1012137000 3710363000
Total Segment Revenue 2507406000 7670953000
Less: Inter segment revenue
Revenue from operations 2507406000 7670953000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Marine 93457000 283149000
2 Industry 89950000 249502000
Total Profit before tax 183407000 532651000
i. Finance cost 33535000 33535000
ii. Other Unallocable Expenditure net off Unallocable income -34656000 -34656000
Profit before tax 184528000 524124000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Marine 0 0
2 Industry 0 0
Total Segment Asset 0 0
Un-allocable Assets 0 0
Net Segment Asset 0 0
4 Segment Liabilities
Segment Liabilities
1 Marine 0 0
2 Industry 0 0
Total Segment Liabilities 0 0
Un-allocable Liabilities 0 0
Net Segment Liabilities 0 0
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement of defined benefit plans -822000 -840000
Total Amount of items that will not be reclassified to profit and loss -822000 -840000
2 Income tax relating to items that will not be reclassified to profit or loss -206000 -211000
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign currency operations 5561000 11630000
Total Amount of items that will be reclassified to profit and loss 5561000 11630000
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income 4945000 11001000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 523814000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 140766000
Adjustments for decrease (increase) in inventories 133914000
Adjustments for decrease (increase) in trade receivables, current -156587000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -5160000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 204218000
Adjustments for other bank balances -205980000
Adjustments for increase (decrease) in trade payables, current -176945000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 44279000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 155658000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 14465000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -10300000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 42005000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 142410000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 238733000
Net cash flows from (used in) operations 762547000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 173365000
Other inflows (outflows) of cash -34777000
Net cash flows from (used in) operating activities 554405000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 50000
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 9424000
Purchase of property, plant and equipment 217545000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties -29527000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 38610000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -812699000
Net cash flows from (used in) investing activities -952633000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 102500000
Proceeds from issuing other equity instruments 1053337000
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings -459574000
Repayments of borrowings 0
Payments of lease liabilities 14097000
Dividends paid 26440000
Interest paid 139057000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 516669000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 118441000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 118441000
Cash and cash equivalents cash flow statement at beginning of period 65318000
Cash and cash equivalents cash flow statement at end of period 183759000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Saini Pati Shah & Co LLP Yes 30-Apr-2027