Maharashtra Seamless Limited has informed the Exchange regarding Outcome of Board Meeting held on July 30, 2025.
MAHSEAMLES · price
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Maharashtra Seamless Limited's board met on July 30, 2025 and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025 (Q1 FY26). On a standalone basis, revenue from operations was largely flat at Rs. 1,142.86 crore vs Rs. 1,150.85 crore in Q1 FY25, but total revenue rose ~7% to Rs. 1,302.57 crore, aided by a sharp jump in other income to Rs. 159.71 crore. Standalone net profit surged ~72% YoY to Rs. 233.86 crore (EPS of Rs. 17.45 vs Rs. 10.15), with the Steel Pipes & Tubes segment driving earnings. Consolidated net profit rose ~79% to Rs. 230.30 crore. The board also recommended appointing Mrs. Dipika Agarwal as Independent Director for 5 years and appointed M/s Ajit Mishra & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30.
Strong YoY earnings growth driven mainly by higher other income and stable operating performance in the core steel pipes segment is positive for shareholders. The new director and auditor appointments are routine governance matters and unlikely to move the stock on their own.