SEAMEC's Q2 FY 2025-26 Quarterly Results

Result Summary

• SEAMEC Ltd reported a 53.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 2.5%.
• Its expenses for the quarter were down by 12.6% QoQ and up 22.7% YoY.
• The net profit decreased 133.9% QoQ and decreased 16181.3% YoY.
• The earnings per share (EPS) of SEAMEC Ltd declined at 10.81 during Q2 FY 2025-26.

Financial Statments for Q2 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, primarily operating within the marine and offshore services industry, is recognized for its specialized services such as underwater diving operations, marine construction, and oil and gas exploration support. As a leader in the subsea services sector, SEAMEC Ltd provides a range of services that include diving support vessels and remotely operated vehicle operations. The company is known for its technical expertise and operational excellence in providing tailor-made solutions to the subsea industry. At this time, there are no specific details available regarding any recent major developments or changes within the company's operational strategy or product offerings.

Revenue

In Q2FY26, SEAMEC Ltd reported a total income of ₹107.48 crores, compared to ₹230.74 crores in Q1FY26 and ₹110.29 crores in Q2FY25. The company's revenue experienced a significant quarter-over-quarter (QoQ) decline of 53.4%, while year-over-year (YoY) revenue decreased by 2.5%. This indicates a substantial reduction in total income over the quarter, reflecting a contraction in revenue generation compared to both the previous quarter and the same quarter last year. Despite the marginal YoY decline, the QoQ change represents a more pronounced drop in revenue.

Profitability

SEAMEC Ltd's profitability metrics for Q2FY26 indicate a challenging quarter. The company recorded a loss before tax of ₹25.12 crores, compared to a profit of ₹79.05 crores in Q1FY26 and ₹2.28 crores in Q2FY25. This resulted in a QoQ decrease of 131.8% and a YoY decline of 1201.8%. The profit after tax for Q2FY26 was a loss of ₹25.73 crores, contrasting with a profit of ₹75.79 crores in Q1FY26 and ₹0.16 crores in Q2FY25, leading to QoQ and YoY reductions of 133.9% and 16181.3%, respectively. Earnings per share also reflected these trends, with a value of -₹10.81 in Q2FY26, down from ₹29.80 in Q1FY26 and ₹0.04 in Q2FY25, marking QoQ and YoY changes of -136.3% and -27125.0%, respectively. These figures highlight notable shifts in the company's financial performance over the periods considered.

Operating Metrics

The operating metrics for SEAMEC Ltd in Q2FY26 reveal a total expenses figure of ₹132.60 crores, compared to ₹151.69 crores in Q1FY26 and ₹108.03 crores in Q2FY25. This represents a quarter-over-quarter (QoQ) decrease of 12.6%, alongside a year-over-year (YoY) increase of 22.7%. The reduction in expenses from the previous quarter, alongside an increase from the previous year, suggests a dynamic cost structure within the company. Tax expenses for Q2FY26 were ₹0.61 crores, showing an 81.3% QoQ decrease and a 71.2% YoY decrease from the previous figures of ₹3.26 crores in Q1FY26 and ₹2.12 crores in Q2FY25, respectively. These metrics reflect changes in the company's operational expenses and tax obligations over the reviewed periods.