Maharashtra Seamless Limited has informed the Exchange about Presentation
MAHSEAMLES · price
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Awaiting price reaction for this filing.
Maharashtra Seamless reported strong Q1 FY26 results with total revenue of Rs. 1,303 crore (up 7% YoY) and EBITDA of Rs. 169 crore at a 15% margin (vs 11% in Q1 FY25). Profit after tax jumped to Rs. 234 crore (margin 20%) from Rs. 136 crore (margin 12%) a year ago, with EPS at Rs. 17 versus Rs. 10. The company remains net cash with Rs. 2,914 crore in cash and investments and zero corporate guarantees. It disclosed an order book of Rs. 1,149 crore as of 25 July 2025, with 25% (Rs. 288 crore) from ONGC and Oil India, and plans a Rs. 852 crore capex over the medium term, fully funded from internal accruals, targeting an estimated turnover increase of about Rs. 1,950 crore.
Sharp YoY improvement in margins and earnings, a growing order book, and a debt-free, cash-rich balance sheet position the company well. The capex pipeline and favourable policy backdrop (anti-dumping duty extension, 'Melt & Pour' rule for PSUs) are likely to support sustained earnings momentum, which is positive for shareholders.