Seamec Ltd

SEAMEC Ltd share price softened by 1.80% to Rs 1598.5 after the company's net profit plunged by 37.94% to Rs 50.48 crore, while revenue from operations dropped sharply 33.27% to Rs 198.13 crore in Q3FY26 over Q2FY26. The market capitalization of Shipping industry group stocks on BSE stood at Rs 53493.68 crore, expanding by 17.71%. It has inched up 0.94% over last one week and ticked higher by 6.43% in last one month while the market capitalization of SEAMEC Ltd has marginally improved by 0.78% and 6.50% in the same period respectively. Profit before tax (PBT) of SEAMEC Ltd stood at Rs 48.58 crore in Q3 FY26, crashing by 293.39% year-on-year, and nosediving by 45.71% quarter-on-quarter. EBITDA came in at Rs 15 crore, plunging by 754.50% YoY and tumbling by 86.02% sequentially. Total expenses slightly declined by 4.85% to Rs 212.08 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 43.63 crore, registering a growth of 11.47% YoY. For the TTM ended FY26, revenue from operations surged 46.12% to Rs 952.46 crore, while net profit jumped 188.39% to Rs 253.52 crore, compared to previous TTM. EBITDA soared by 20880% to Rs 352.12 crore, and PBT witnessed a strong rise of 152.02% to Rs 269.26 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 321.3 crore in FY26, as against Rs 298.52 crore in FY25. SEAMEC Ltd surged by 80.17% in last one year, significantly outperforming the benchmark BSE Sensex which has softened by 8.41% during the same period.

SEAMEC Ltd share price inched up 0.47% to Rs 1627.75. The Company's net profit tanked by 37.94% to Rs 50.48 crore, while revenue from operations nosedived 33.27% to Rs 198.13 crore in Q3FY26 over Q2FY26. The market capitalization of Shipping industry group stocks on BSE stood at Rs 53670.37 crore, surging by 17.71%. It has improved by 3.87% over last one week and advanced by 8.70% in last one month while the market capitalization of SEAMEC Ltd has marginally improved by 2.32% and 7.80% in the same period respectively. Profit before tax (PBT) of SEAMEC Ltd stood at Rs 48.58 crore in Q3 FY26, nosediving by 293.39% year-on-year, and tumbling by 45.71% quarter-on-quarter. EBITDA came in at Rs 15 crore, plunging by 754.50% YoY and tanking 86.02% sequentially. Total expenses marginally dropped 4.85% to Rs 212.08 crore in Q3FY26 over Q3FY25. During the quarter, employee benefits expense was at Rs 43.63 crore, rising by 11.47% YoY. For the TTM ended FY26, revenue from operations jumped by 46.12% to Rs 952.46 crore, while net profit soared by 188.39% to Rs 253.52 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 20880% to Rs 352.12 crore, and PBT witnessed a strong rise of 152.02% to Rs 269.26 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 321.3 crore in FY26, as against Rs 298.52 crore in FY25. SEAMEC Ltd rallied 83.47% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 9.87% during the same period.

SEAMEC Limited will hold a board meeting on Tuesday, November 3, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, according to a regulatory filing. The trading window for the company's securities was closed from October 1, 2026, and will reopen 48 hours after the results are declared.

SEAMEC Ltd announced that SES ESG Research Private Limited (“SES ESG”), a Category II - SEBI registered ESG Rating Provider (ERP), has independently assigned an Environmental, Social, and Governance (“ESG”) rating of “64.6” (Medium) to the company based on Financial Year 2025-26 disclosures and publicly available data, noting that the company did not engage with SES ESG for this rating; the rating instruments are available on the SES ESG website and the company’s website at www.seamec.in, and there are no enhancements, assignments, or withdrawals related to this rating.

SEAMEC Limited announced on October 21, 2026, that it and HAL Offshore Limited have entered into a contract with Oil and Natural Gas Corporation (ONGC) for the charter hire of the vessel SEAMEC ANANT for IMR jobs. The charter hire period is approximately 1225 days, with a total contract value of about USD 55 million exclusive of GST, and the transaction is considered a related party transaction as HAL Offshore Limited holds 70.77% shareholding in SEAMEC Limited.

SEAMEC Ltd announced a revision of its credit ratings, informing the BSE Limited and National Stock Exchange of India Limited that CRISIL Ratings (CRISIL) has reaffirmed the Long Term Rating to Crisil A+/ Stable and the Short Term Rating to Crisil A1 for bank facilities, with a total of Rs. 883 Crore (enhanced from Rs. 863 Crore) rated; this includes Long Term Rating Crisil A+/ Stable and Short Term Rating Crisil A1 for bank facilities, with no other rating agencies mentioned and no withdrawals or new assignments reported.

SEAMEC LIMITED informed the BSE and NSE that it will close its trading window for designated persons and their immediate relatives from October 1, 2026, until 48 hours after the declaration and dissemination of the un-audited standalone and consolidated financial results for the quarter and six months ended September 30, 2026, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

SEAMEC LIMITED entered into a Bimco Charter Party with G R Infraprojects Limited for the charter hire of its vessel “SEAMEC II” to deploy in subsea installation work for the Pipeline Replacement Project (PRP-8 A) and DSF 2 Project of Oil and Natural Gas Corporation Limited (ONGC), with a tenure of 180 days and a total value of approximately USD 19.02 million exclusive of GST, commencing between October 15, 2026 and October 31, 2026.

SEAMEC Ltd has announced a revision of its credit ratings by CRISIL Ratings (CRISIL), removing both ratings from ‘Rating Watch with Developing Implications’ and reaffirming them. Specifically, the Long Term Rating has been revised to Crisil A+/ Stable, while the Short Term Rating remains Crisil A1; these ratings pertain to bank facilities totaling Rs. 863 Crore. CRISIL has reaffirmed the Long Term Rating of Crisil A+/ Stable and the Short Term Rating of Crisil A1, with both previously being under ‘Rating Watch with Developing Implications’. No other rating agencies are mentioned in the disclosure, and no assignments, withdrawals, or enhancements were noted beyond the removal from the watch status for both instruments.

Seamec Limited informed the BSE and National Stock Exchange that it entered into Addendum 1 and Addendum 2, dated August 31, 2026, to the Memorandum of Agreement dated July 21, 2026, for the purchase of vessel “Seamec Anant” from HAL Offshore Limited, amending Schedule I and revising the Notice of Readiness date to September 15, 2026, and the Cancelling Date to October 15, 2026; the transaction is a related party transaction and there is no impact.