Seamec Ltd

Seamec Bags ₹245.7 Cr Order from Larsen & Toubro Limited

Seamec won a Letter of Award from L&T for ONGC's PRP-X subsea work, its scope worth about ₹245.72 crore. Work completes by May 2027.

Value

₹245.7 Cr

From

Larsen & Toubro Limited (L&T Energy Hydrocarbon Division)

Execution

Work to be completed by May 2027

Seamec Earnings Call Transcript: Key Takeaways

Consolidated Q2 revenue rose 103% to ₹198.1 Cr and EBITDA to ₹38.3 Cr from ₹7.8 Cr. Growth came from fleet additions and deployment; management hedged on the timing of new contracts.

Call

Guides 15% growth

Seamec Investor Presentation: Key Takeaways

Consolidated Q2 FY27 revenue Rs198.1Cr (+103%), EBITDA Rs38.3Cr (19.3% margin), PAT Rs50.5Cr including Rs42.4Cr exceptional gain. H1 revenue Rs495Cr (+61%).

Seamec Q2 FY27 Results: Turns Profitable, Net Profit ₹50.5 Cr

Seamec Ltd reported revenue from operations of ₹198.1 Cr (+103.4% YoY) and net profit of ₹50.5 Cr for Q2 FY27.

Key figure

Net profit ₹50.5 Cr

Seamec Business Update

Seamec's vessel SEAMEC II was onhired from November 1, 2026 for the PRP-8A and DSF 2 project. No contract value or client was disclosed in this filing.

Seamec Board Meeting Date

Seamec's board meets on 3 November 2026 to consider unaudited quarterly results. The results are not yet approved.

Seamec Other Announcement

SES ESG assigned Seamec an ESG rating of 64.6 (Medium) based on FY25-26 disclosures. No transaction or board decision is involved.

Seamec Adverse Business Impact

Seamec's vessel SEAMEC SWORDFISH was taken off-hire from 24 October 2026 due to a technical breakdown. The company is redressing the fault on priority and will update on resumption.

Seamec Business Update

Seamec Ltd disclosed that its vessel SEAMEC ANANT went on charter hire from October 21, 2026. No contract value or client name was provided.

Seamec Bags ₹517 Cr Order from HAL Offshore Limited

Seamec Limited secured a contract with HAL Offshore Limited to charter the 'SEAMEC ANANT' vessel for ONGC operations, valued at approximately USD 55 million (Rs. 517 Crore).

Value

₹517.0 Cr

From

HAL Offshore Limited

Execution

1225 days

Seamec Other Announcement

The company filed its quarterly shareholding pattern for the quarter ended September 30, 2026, in compliance with SEBI Regulation 31(1)(b).

Seamec Acquisition

Seamec Limited has successfully taken over the vessel 'SEAMEC ANANT' from HAL Offshore Limited at Kakinada. The acquisition of this asset is now officially complete.

Seamec Credit Rating

CRISIL reaffirmed Seamec's Long Term Rating at A+/Stable and Short Term at A1. The rated bank facility size was enhanced from Rs.863 Crore to Rs.883 Crore.