Seamec LimitedEnergySEAMECLTD
Q1 FY27 concall · earnings callSeamec Limited
Strong revenue growth of 41% YoY was driven by healthy fleet utilization, with the company positioned for further expansion through the Seamec ANANT acquisition and a favorable offshore vessel market outlook.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Consolidated Revenue | ₹297 Cr | 41% | |
| Consolidated EBITDA | ₹124 Cr | — | |
| Consolidated Profit After Tax | ₹81 Cr | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹149.34 Cr-30% YoY+70% QoQ | ₹-3.23 CrTurned loss-making YoYTurned loss-making QoQ | ₹-1.31Turned negative YoYTurned negative QoQ |
| Q2 FY25 | ₹87.87 Cr+4.1% YoY-59.1% QoQ | ₹0.16 CrTurned profitable YoY-99.7% QoQ | ₹0.04-99.3% YoY-99.8% QoQ |
| Q1 FY25 | ₹214.99 Cr+1.6% YoY-9% QoQ | ₹49.96 Cr+92.9% YoY-5.3% QoQ | ₹19.61+92.4% YoY-5.4% QoQ |
| Q4 FY24 | ₹236.38 Cr+87.8% YoY+10.8% QoQ | ₹52.74 CrTurned profitable YoY-6.5% QoQ | ₹20.72Turned positive YoY-6.6% QoQ |
| Q3 FY24 | ₹213.31 Cr+111.9% YoY+152.6% QoQ | ₹56.42 CrTurned profitable YoYTurned profitable QoQ | ₹22.18Turned positive YoY+289.8% QoQ |
TL;DR
- Consolidated revenue grew 41% YoY to INR 297 crores.
- Consolidated PAT stood at INR 81 crores.
- Fleet utilization remains healthy, benefiting from strong demand for specialized offshore vessels.
- Acquisition of vessel Seamec ANANT for USD 70 million is expected to be completed by end of August 2026.
- Management is targeting 15-20% CAGR growth over the next 3-5 years.
- EBITDA margins are expected to remain sustainable in the 40-42% range.
Said on the call
“For next 3 to 5 years, we remain quite bullish that DSVs are going to get a strong demand.”
From the Q&A
| Topic | What management said |
|---|---|
| Offshore Segment Margins | Explained that offshore segment margins improved due to higher vessel deployment, while other segments were impacted by costs from the non-operational Paladin vessel (now resumed). |
| Seamec ANANT Acquisition | Confirmed acquisition for USD 70 million (financed 50-50 via equity/loans) by end of August, with contract resumption after a ~1 month statutory formalities period; expected utilization is 95-98%. |
| Charter Rate Sustainability | Management remains bullish on strong demand for DSVs for the next 3-5 years, driven by market fundamentals and potential reopening of Iran. |
| Margin Guidance | Stated that annualized EBITDA margins of 40-42% are sustainable, accounting for periods of vessel off-hire or dry dock. |
| Growth Outlook | Committed to achieving 15-20% CAGR growth over the next 3-5 years through fleet expansion and higher deployment. |
| Fleet Utilization & Contracts | Noted that 35-40% of contracts are short-term (EPC, seasonal), with the balance being mid- to long-term; vessels Seamec Princess and Seamec III are in advanced talks for contracts. |
Guidance
- Targeting 15-20% CAGR growth over the next 3-5 years.
- Annualized EBITDA margins expected to remain sustainable in the range of 40-42%.
- Sees strong demand for the offshore vessel sector for the next 3-5 years.
- Expects Seamec ANANT acquisition to be completed by end of August 2026, with operations commencing in Q3 FY27.
Source
Summary written from the transcript filed by Seamec Limited for the call held on 14 Aug 2026; published 22 Aug 2026, 10:30 IST.
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