SEAMEC Limited Shares Price Surge After Q2 Results and Strategic Updates

Mumbai, November 11, 2025: Shares of SEAMEC Limited (NSE: SEAMECLTD, BSE: 526807) jumped following the company’s Q2 FY26 results. The muted quarterly earnings initially raised concerns, but investors focused on the positive half-year performance and strategic developments, which supported confidence in the company’s growth trajectory. The reaction in the stock reflects a market response to long-term stability rather than short-term fluctuations.

Key Financial Highlights (Consolidated) – Q2 & H1 FY26

During the quarter ended September 30, 2025, SEAMEC reported revenue from operations of ₹107.5 crore, marking a 3% year-on-year decline. EBITDA fell sharply to ₹17.9 crore, down 53% YoY, and EBITDA margins narrowed to 16.6%. The company reported a loss after tax of ₹25.7 crore, compared with a marginal profit of ₹0.20 crore in Q2 FY25. These results highlighted short-term pressure on operational efficiency, largely driven by cost increases and market challenges, which weighed on quarterly profitability.

Strategic & Operational Updates

The company recently signed a memorandum of understanding (MoU) with the Directorate General of Shipping for a ₹1,000 crore capital expenditure programme. It has also entered into a charter hire agreement with HAL Offshore Ltd for the vessel MV Goodman, supporting ONGC’s NLM9 project. Meanwhile, Seamec Princess has commenced operations under the PRP VIII and Daman Upside Development Project.

Seamec Glorious has secured a 150-day charter with L&T, with an option to extend. Seamec II has resumed operations following its dry dock period, while Seamec Agastya, recently acquired in Singapore, is undergoing final dock work in Colombo and is expected to rejoin operations by the end of December 2025. Additionally, Seamec Swordfish has resumed operations after completing technical rectifications

Future Palns

The company has reaffirmed its commitment to expanding its offshore fleet. It is also working to diversify operations in bulk shipping and tunnel infrastructure. It plans to do so through its subsidiaries. This way, it can leverage a growing demand environment in India’s oil and gas exploration sector.

Market Snapshot

The share price of Seamec Limited was trading at ₹848.00 as of November 11, 2025, 11:32 am. This was a 7.25% or ₹57.30 rise from its previous close of ₹790.70. The intraday range so far has been between ₹786.00 and ₹885.05. The company has had a positive trading session so far. Its total market capitalisation stood at ₹2,156.04 crore. Further, it had a total traded value and volume of ₹46.48 crore and 5.41 lakh shares, respectively.

SEAMEC Limited is a member of the MMG Group. It is one of India’s leading offshore shipping and subsea services companies. It has operations spanning Diving Support Vessels (DSVs), Offshore Support Vessels (OSVs), and Bulk Carriers. The company is listed on both NSE and BSE and trades under the tickers SEAMECLTD and 526807, respectively.

REF: https://nsearchives.nseindia.com/corporate/SEAMECLTD_10112025183953_BSENSEIntimationofInvestorPResentation10112025.pdf

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