SEAMEC Ltd's March Quarter Profit Down by 23%
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
Mumbai, May 28, 2025 – SEAMEC Ltd (BSE: 526807 | NSE: SEAMECLTD) has released its financials for the fourth quarter and full year ended March 31, 2025.
Key Financial Highlights
Standalone Results (₹ in crore)
| Particulars | Q4 FY25 | Q4 FY24 | YoY % | Q3 FY25 | QoQ % |
|---|---|---|---|---|---|
| Revenue | 207.4 | 234.3 | -11% | 132.7 | +56% |
| EBITDA | 104.6 | 104.8 | -0.2% | 36.3 | +188% |
| EBITDA Margin | 50.5% | 44.7% | 27.4% | ||
| PAT | 58.8 | 75.9 | -23% | 2.3 | 100% |
FY25 vs FY24 (Standalone):
- Revenue declined 7% to ₹659.6 crore.
- PAT fell sharply to ₹115.6 crore from ₹186.6 crore.
- EBITDA margin stood at 40%, down from 41%.
- Net Debt stood at ₹(206) crore with Net Debt/Equity at (0.21)x and ROE at 12%.
Consolidated Results (₹ in crore)
| Particulars | Q4 FY25 | Q4 FY24 | YoY % | Q3 FY25 | QoQ % |
|---|---|---|---|---|---|
| Revenue | 209.7 | 239.5 | -12% | 139.4 | +50% |
| EBITDA | 91.2 | 90.4 | +1% | 34.3 | +166% |
| PAT | 41.0 | 52.7 | -22% | (3.2) | -100% |
FY25 vs FY24 (Consolidated):
- Revenue dropped 10% to ₹682.2 crore.
- PAT declined to ₹87.9 crore, down from ₹120.7 crore.
- ROCE and ROE both stood at 9%.
- Net Debt was ₹261 crore with a Net Debt/EBITDA ratio of 1.07 x.
Segmental & Operational Highlights
- Q4 YoY revenue decline was primarily due to lower deployment of Swordfish and Seamec III vessels.
- QoQ performance surged due to enhanced deployment of Seamec II, Seamec III, and Glorious Barge.
- Seamec Nirman Infra Ltd, a JV for tunnel construction, was withdrawn due to project constraints.
Corporate Announcements
- The Board has approved the acquisition of NPP Nusantara. Seamec International FZE nominated the name of the company.
- Built: 2010 | Gross Tonnage: 4,750 tons
- Acquisition Cost: USD 23 million
- Funding: Mix of internal accruals and debt
Strategic Outlook
SEAMEC has India’s largest fleet of multi-support vessels, positioning it well in the offshore shipping sector. The company aims to focus on high-margin vessels and international expansion. Furthermore, the company is looking to focus on exploring offshore opportunities as the oilfield services market is expected to grow at a 14% CAGR till FY2031.
About SEAMEC Ltd
SEAMEC Ltd is an Indian company that provides diving support vessels (DSVs) and offshore oilfield services to various clients in India and other countries. The company is a part of the MMG Group and was founded in 1986.
REF: https://nsearchives.nseindia.com/corporate/SEAMECLTD_28052025135714_BSENSEIntimationofInvestorPResentation28052025.pdf
