Seamec Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
SEAMECLTD · price
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Seamec Limited reported strong full-year results for FY26. Standalone revenue grew 46% to Rs 90,194 lakhs from Rs 61,733 lakhs, while profit after tax more than doubled to Rs 24,235 lakhs from Rs 11,555 lakhs. Consolidated revenue was Rs 95,246 lakhs with PAT at Rs 25,352 lakhs. The board recommended a dividend of Rs 2 per share (20%) subject to shareholder approval. Key items include an impairment provision of Rs 1,637 lakhs for overseas subsidiaries due to geopolitical uncertainties, and an increase in related party transaction limits with HAL Offshore Limited (parent company) from USD 50 million to USD 65 million annually. Auditors T R Chadha & Co LLP issued unmodified (clean) opinions on both standalone and consolidated financials.
The company delivered exceptional growth with PAT more than doubling year-on-year, indicating strong operational performance. The clean audit opinion and positive cash flows (Rs 24,168 lakhs operating cash flow) are reassuring. However, the impairment provision for overseas subsidiaries and related party transaction increase warrant attention for corporate governance considerations.