Please find attached the intimation for transcript of the Investors / Analyst Meeting of Earning Calls held on Tuesday, May 19, 2026
SEAMECLTD · price
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Seamec reported its highest-ever annual revenue and profitability for FY26, with consolidated revenue of Rs.1,000 crores (up 47% YoY) and PAT of Rs.253 crores (up 187% YoY). Q4 FY26 showed strong performance with consolidated revenue of Rs.330 crores (up 58% YoY) and PAT of Rs.103 crores. Key highlights include successful completion of ONGC NLM9 platform revamping, integration of SEAMEC AGASTYA, and two O&M contracts (MSV Samudra Prabha and Samudra Sevak) awarded till 2028. Management guided for 15% revenue growth in FY27 with EBITDA margins of 40-42%. The company operates diving support vessels for inspection, maintenance and repair of offshore oil fields, primarily serving ONGC. Seamec Paladin remains stranded in Dubai due to geopolitical tensions in West Asia.
Strong operational performance with near 100% vessel utilization and new contract wins positions the company well, though geopolitical risks and vessel dry docking schedules could impact near-term earnings. The 15% growth guidance appears conservative given new vessel deployments.