Maharashtra Seamless Ltd

Maharashtra Seamless Ltd share price ticked higher by 0.23% to Rs 583.1 after the company's net profit soared by 159.04% to Rs 266.4 crore, while revenue from operations slipped 14.76% to Rs 1091.2 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.32 lakh crore, gaining 2.77%. It has marginally improved by 3.76% over last one week and crept higher by 1.91% in last one month while the market capitalization of Maharashtra Seamless Ltd has inched up 2.76% and 10.49% in the same period respectively. Profit before tax (PBT) of Maharashtra Seamless Ltd stood at Rs 322.41 crore in Q2 FY26, easing 7.60% year-on-year, and jumping 113.28% quarter-on-quarter. EBITDA came in at Rs 8 crore, slipping 3.54% YoY and nosediving by 97.04% sequentially. Total expenses reduced by 12.54% to Rs 938.96 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 742.44 crore, softening by 5.26% YoY, while employee benefits expense was at Rs 36.61 crore, inching up 4.18% YoY. For the TTM ended FY26, revenue from operations eased 2.51% to Rs 5268.67 crore, while net profit dropped 18.32% to Rs 777.32 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 106941% to Rs 723.03 crore, and PBT contracted 18.21% to Rs 1000.2 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 609.63 crore in FY26, as against Rs 1041.42 crore in FY25. Maharashtra Seamless Ltd nosedived by 13.04% in last one year, underperforming the benchmark BSE Sensex which has softened by 1.97% during the same period.

Maharashtra Seamless Limited will hold its 38th Annual General Meeting on September 15, 2026, at 11:30 A.M. through video conferencing, with September 1, 2026, set as the record date to determine eligibility for dividend payments related to the financial year 2025-26, and dividend payments expected to commence on or after September 17, 2026.

Maharashtra Seamless Limited informed the BSE Limited and National Stock Exchange of India Limited that Ashok Bhandari, Independent Director (DIN: 00012210), passed away on August 3, 2026, and consequently ceased to be a director on the board and on all committees of the company.

Maharashtra Seamless Limited will hold a meeting of its Board of Directors on Friday, August 7, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the trading window for the company's securities will remain closed until August 9, 2026.

Maharashtra Seamless manufactures carbon and alloy steel seamless pipes, ERW steel pipes and casting pipes. The company also operates a windmill. The company's consolidated net profit declined 57.52% to Rs 102.83 crore on a 9.17% decrease in revenue from operations to Rs 1,280.11 crore in Q4 FY26 over Q4 FY25. Shares of Maharashtra Seamless rose 0.14% to Rs 605.35 on the BSE.Powered by Capital Market - Live

Maharashtra Seamless announced that the Board of Directors of the Company at its meeting held on 22 May 2026, inter alia, have recommended the final dividend of Rs 10 per equity Share (i.e. 200%) , subject to the approval of the shareholders.

Net profit of Maharashtra Seamless declined 57.52% to Rs 102.83 crore in the quarter ended March 2026 as against Rs 242.04 crore during the previous quarter ended March 2025. Sales declined 9.71% to Rs 1280.11 crore in the quarter ended March 2026 as against Rs 1417.77 crore during the previous quarter ended March 2025. For the full year,net profit declined 9.80% to Rs 701.27 crore in the year ended March 2026 as against Rs 777.46 crore during the previous year ended March 2025. Sales declined 11.28% to Rs 4674.34 crore in the year ended March 2026 as against Rs 5268.67 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1280.111417.77 -10 4674.345268.67 -11 OPM %18.3020.09 -14.2817.21 - PBDT185.46324.26 -43 1052.621101.12 -4 PBT154.21298.87 -48 942.461000.20 -6 NP102.83242.04 -58 701.27777.46 -10 Powered by Capital Market - Live

Maharashtra Seamless will hold a meeting of the Board of Directors of the Company on 22 May 2026.

Maharashtra Seamless announced that NSE Sustainability Ratings and Analytics has assigned an Environmental, Social and Governance (ESG) score of '56' (Rating Category: Moderate) to the Company, based on publicly available data.

Maharashtra Seamless has received affirmation in credit ratings at ICRA AA+; Stable / ICRA A1+ from ICRA. Powered by Capital Market - Live