Marsons Reports Q1 FY27 Unaudited Results; Highlights EHV Focus and US Market Expansion
Marsons Limited has reported its unaudited consolidated financial results for the quarter ended June 30, 2026. The company demonstrated steady performance in Q1 FY27, supported by a robust order book across Extra High Voltage (EHV), renewable, and export segments.The quarterly profitability was impacted by external factors, including global supply disruptions caused by the conflict situation in the Middle East during April 2026. This disruption led to challenges in securing transformer oil and an increase in costs for inputs like copper, which temporarily affected margins on certain firm-price orders.
Financial Performance Overview (Q1 FY27)
The company's financial performance across the reported periods is detailed below:| Particulars (₹ in Lakhs) | Q1 FY27 (Jun'26) | Q4 FY26 (Mar'26) | Q1 FY26 (Jun'25) | FY26 (Year Ended) |
|---|---|---|---|---|
| Offer Sheet for the Total Income repairing estimates of 630 kVA, 33/0.415 kV Station Service Transformer | 5,000.84 | 9,265.39 | 4,801.73 | 24,746.75 |
| Profit Before Tax (PBT) | 738.59 | 1,855.42 | 803.11 | 4,226.40 |
| Profit After Tax (PAT) | 592.94 | 2,261.53 | 803.11 | 4,632.51 |
Strategic and Operational Highlights
Marsons Limited continues to strengthen its market position as the only EHV transformer manufacturer in Eastern India, including the North Eastern Region, operating out of a 45,000 sq.m. manufacturing facility in Maheshtala, Kolkata. The company possesses an installed annual capacity of 12,000 MVA and operates with over seventy years of manufacturing legacy.Key operational achievements and market developments include:
- Renewable Energy Focus: Renewable energy projects now account for more than 50% of current orders, which is bolstered by recent approval and empanelment from NTPC Renewable Energy Limited.
- International Expansion: The company secured its first export orders from the United States, aggregating approximately USD 5 million, generating margins significantly higher than domestic averages.
- Market Positioning: The company maintains a strong order book in the 132kV and 220kV transformer classes. This position has been strengthened by an approval received from Power Grid Corporation of India Limited (PGCIL), which is expected to drive incremental business opportunities.
- Capacity Expansion: Marsons has announced capacity expansion plans to manufacture transformers up to 500 MVA in the 400kV class.
Service Contract Details for WBSETCL Transformer Repair
Marsons Limited submitted an offer estimate to Chief Engineer (O&M-I) at WBSETCL, Kolkata, concerning the repairing of a Marsons Make' 630 kVA, 33/0.415 kV Station Service Transformer received on February 16, 2023. The service contract includes ten distinct stages of work with corresponding quoted prices (INR ₹).The scope of work and associated costs are as follows:
| Sl. No. | Description of Work | Quoted Price (INR ₹) |
|---|---|---|
| 1 | Unloading of transformer, physical inspection of accessories, quantity of oil with tank | 5,000.00 |
| 2 | Un-tanking of Transformer for checking of Active Part | 10,000.00 |
| 3 | Physical checking of tank/ active part with WBSETCL official | 20,000.00 |
| 4 | Magnetic balance of HV & LV, resistance measurement done for healthiness check | 25,000.00 |
| 5 | Overall Healthiness Check of Transformer Active Part and all other parts as well | 15,000.00 |
| 6 | Removal of Top yoke of core assembly | 7,500.00 |
| 7 | Resetting of 3 LV coils with line & shorting leads after removing top yoke | 25,000.00 |
| 8 | Resetting of top yoke | 10,000.00 |
| 9 | Overhauling of Tank Body | 15,000.00 |
| 10 | Supply of new sleeving and Bakelite tubes for HV Tap leads and Line Leads | 5,000.00 |
MARSONS Stock Price Movement
Marsons Limited shares slipped by 0.52% today, settling at ₹102.58 after trading closed this evening. The equity saw a total volume of 2.49 million shares throughout the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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