Marinetrans India LimitedQ2 FY27 Results & Financial Update
Marinetrans India Limited: Q2 FY27 standalone results and company financials – revenue ₹117.16 Cr, PAT ₹1.02 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Marinetrans India Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
For the quarter ended September 30, 2026, Marinetrans India reported standalone revenue from operations of INR 117.1575 crore, supported by total income of INR 117.3061 crore inclusive of other income.
Profitability for the quarter stood at INR 1.0197 crore in profit after tax (PAT), yielding a basic and diluted earnings per share (EPS) of INR 0.80 based on equity share capital.
Pre-tax profitability (PBT) for the quarter was recorded at INR 1.4649 crore after absorbing direct operational expenditures and overhead costs.
Direct expenses for the period accounted for the bulk of operational outflows at INR 112.2242 crore on a half-yearly basis, reflecting intensive freight and transport execution costs.
Finance costs for the quarter stood at INR 0.5574 crore, reflecting short-term borrowing requirements and working capital funding utilization.
Tax expenses for the quarter were recorded at INR 0.4452 crore, comprising both current tax and deferred tax adjustments.
Depreciation and amortization expenses remained modest at INR 0.0839 crore for the quarter, consistent with a light fixed-asset operating model.
01 · Business model
What does Marinetrans India do?
Marinetrans India Limited operates as an integrated logistics and shipping support services provider, managing specialized cargo movement, freight forwarding, and supply chain management for maritime and industrial clients.
The company's primary revenue engine stems from direct shipping and transport operations, complemented by ancillary fee-based services and other operational income streams.
Headquartered in Navi Mumbai with branch presences in Hyderabad and Ahmedabad, Marinetrans serves a diverse domestic and international clientele ranging from shipping lines to heavy industrial manufacturers.
The company operates under a standalone reporting scope, managing direct operating expenses related to vessel chartering, transport contracts, and core logistics infrastructure.
02 · Historical context
What shaped the business before this quarter
Previously operating as Marinetrans India Private Limited, the entity transitioned into a public limited company and adopted its current corporate structure before subsequent stock exchange listings.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹117.16 Cr |
| Total income | ₹117.31 Cr |
| Profit before tax | ₹1.46 Cr |
| Profit after tax | ₹1.02 Cr |
| EPS | ₹0.80 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 0.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 1.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.15 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue is primarily driven by maritime transport execution and cargo handling contracts executed during the quarter.
The company generated INR 0.1486 crore in interest and other income during the quarter, contributing marginally to total top-line inflows.
What drove margins
Direct shipping and transport costs form the single largest expense category, dictating gross margins across service contracts.
Employee costs for the half-year stood at INR 1.9496 crore, covering operational staffing across headquarters and regional offices.
Quarterly finance expenses of INR 0.5574 crore reflect debt servicing obligations associated with working capital limits.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company is primarily engaged in one business segment in accordance with Ind AS 108 (Operating Segments), representing shipping and related logistics services; hence, separate segment reporting is not applicable.
Geography and market mix
Operations are administered primarily from its Navi Mumbai headquarters alongside regional offices in Hyderabad and Ahmedabad.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
The company incurred minimal capital expenditure towards property, plant, and equipment, reflecting an asset-light operating model.
07 · Reported developments
What changed operationally
The company maintained positive net profitability during the quarter with a reported PAT of INR 1.0197 crore.
08 · Pressure points & risks
What is not going smoothly
Sharp increases in trade receivables and short-term borrowings indicate heightened working capital intensity during the half-year.
09 · Items worth noticing
The line items that can distort a quick read
The company recognized provisions amounting to INR 0.0331 crore for the quarter.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Trade receivables expanded substantially to INR 405.82 crore as of September 30, 2026, compared to INR 216.94 crore at March 31, 2026, creating notable working capital absorption.
Trade payables increased significantly to INR 192.87 crore (including dues to micro and small enterprises and other creditors) from INR 64.74 crore at March 31, 2026.
Capital allocation & funding
Current borrowings increased to INR 159.247 crore as of September 30, 2026, up from INR 96.46 crore as of March 31, 2026.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor Review
The financial results for the quarter and half-year ended September 30, 2026, were subjected to a limited review by statutory auditors Bilimoria Mehta & Co. with an unmodified conclusion.
Reported update
Regulatory Compliance
The board took on record related-party transactions for the half-year ended September 30, 2026, and approved the appointment of secretarial compliance auditors.
12 · Key Q&A
The quarter, answered directly
What does Marinetrans India do?
Marinetrans India Limited operates as an integrated logistics and shipping support services provider, managing specialized cargo movement, freight forwarding, and supply chain management for maritime and industrial clients.
What is the clearest takeaway from Q2 FY27?
For the quarter ended September 30, 2026, Marinetrans India reported standalone revenue from operations of INR 117.1575 crore, supported by total income of INR 117.3061 crore inclusive of other income.
What drove revenue or demand?
Revenue is primarily driven by maritime transport execution and cargo handling contracts executed during the quarter.
What mattered most for margins or profitability?
Direct shipping and transport costs form the single largest expense category, dictating gross margins across service contracts.
What changed operationally beyond the headline numbers?
The company incurred minimal capital expenditure towards property, plant, and equipment, reflecting an asset-light operating model.
What are the main pressure points disclosed for the quarter?
Sharp increases in trade receivables and short-term borrowings indicate heightened working capital intensity during the half-year.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Working Capital Realization: Monitor the collection efficiency and realization timelines of trade receivables currently standing at INR 405.82 crore.
- 02
Borrowing Levels: Track the trajectory of short-term borrowings and associated finance costs in subsequent quarters.
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Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.