Maharashtra Seamless Limited has informed the Exchange about Transcript
MAHSEAMLES · price
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Maharashtra Seamless reported Q4 FY25 revenue of ₹1,456 cr (up 3% QoQ), EBITDA of ₹285 cr (up 2% QoQ), and PAT of ₹243 cr (up 28% QoQ from ₹190 cr), with EPS at ₹18 vs ₹14. For full-year FY25, revenue was flat YoY while earnings declined significantly despite over 10% growth in dispatches, solely due to lower sales realisations. Other income rose 40% to ₹197 cr, treasury stood at ₹2,630 cr, and the order book was ₹1,584 cr (within the guided ₹1,500–2,000 cr range). ICRA upgraded credit rating to AA+ (highest in 10 years), and dividend payout ratio improved to 17% despite a 19% drop in annual profit. Management guided FY26 seamless EBITDA per ton at ~₹15,000 (lower end of earlier band), volumes flat until Telangana finishing line is commissioned later this calendar year, and noted the export market has softened post initial Q4 surge.
Lower margin guidance (₹15,000/ton vs earlier ₹15,000–18,000 band) and flat-to-soft order book signal near-term pressure on realisations and earnings, though the strong net cash position, AA+ rating upgrade, and supportive DMI&SP policy provide a cushion. The stock could see limited near-term enthusiasm given muted volume growth outlook and conservative cash deployment stance.