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Marine Electricals (India) Ltd Q1FY24; 177% rise in Profits

Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions.

Financial Results:

Marine Electricals (India) Ltd reported Revenues for Q1FY24 of ₹86.08 Crores up from ₹65.15 Crore year on year, a rise of 32.13%.

Total Expenses for Q1FY24 of ₹80.79 Crores up from ₹64.94 Crores year on year, a rise of 24.41%.

Consolidated Net Profit of ₹4.76 Crores up 176.74% from ₹1.72 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.38, up 171.43% from ₹0.14 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Electrical
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