SEAMEC's Q1 FY 2025-26 Quarterly Results

Result Summary

• SEAMEC Ltd reported a 3.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 3.5%.
• Its expenses for the quarter were down by 19.9% QoQ and 14.9% YoY.
• The net profit increased 43.7% QoQ and increased 51.7% YoY.
• The earnings per share (EPS) of SEAMEC Ltd stood at 29.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

SEAMEC Ltd operates within the marine and offshore services industry, providing specialized services such as diving support, subsea operations, and other related offshore activities. The company is known for its fleet of diving support vessels that are integral to operations in underwater work. SEAMEC Ltd is headquartered in India, and it plays a significant role in supporting oil and gas exploration and production activities in offshore locations. The company has been involved in various marine-related projects and has built a reputation for technical expertise and reliability in its field. There are no recent major developments concerning SEAMEC Ltd available within the provided data.

Revenue

In the most recent quarter, Q1FY26, SEAMEC Ltd reported a total income of ₹230.74 crores. This represents a 3.7% decrease compared to the previous quarter, Q4FY25, where the total income was ₹239.50 crores. However, when comparing year-over-year performance, there is a 3.5% increase from Q1FY25, when the total income was ₹222.87 crores. This indicates a modest growth in income over the past year despite a slight decline in the most recent quarter. The revenue figures reflect the company's capacity to generate income from its core operations within the marine and offshore services industry.

Profitability

SEAMEC Ltd's profitability metrics show a significant improvement in the latest quarter. The Profit Before Tax (PBT) for Q1FY26 was ₹79.05 crores, marking a substantial increase of 57.9% quarter-over-quarter from ₹50.07 crores in Q4FY25. Year-over-year, the PBT grew by 48.0% from ₹53.41 crores in Q1FY25. The Profit After Tax (PAT) for Q1FY26 was ₹75.79 crores, which is a 43.7% increase from the previous quarter's ₹52.74 crores and a 51.7% increase from ₹49.96 crores in the same quarter last year. Earnings Per Share (EPS) rose to ₹29.80, reflecting a 44.0% increase QoQ and a 52.0% increase YoY. These figures indicate a strong upward trend in profitability.

Operating Metrics

The total expenses for SEAMEC Ltd in Q1FY26 were reported as ₹151.69 crores, which is a significant reduction of 19.9% from Q4FY25's expenses of ₹189.43 crores and a 14.9% decrease from Q1FY25, where expenses were ₹178.18 crores. This reduction in expenses contributes to the improved profitability metrics. In terms of tax, the company recorded a tax expense of ₹3.26 crores in Q1FY26, contrasting with a tax credit of ₹-2.67 crores in Q4FY25, and a similar tax expense of ₹3.45 crores in Q1FY25. The variance in tax expense between quarters is notable, influencing the net profitability figures. These operating metrics reflect the company's cost management strategies and their impact on overall financial performance.