Seamec Ltd Q3 FY26: Revenue surges 139% YoY to ₹316.5 Cr, PAT up 100% to ₹101.3 Cr
Seamec Limited reported a strong Q3 FY26 with revenue surging 139% year-on-year to ₹316.5 crore and PAT increasing 100% to ₹101.3 crore. EBITDA grew 296% to ₹143.7 crore. Nine-month revenue was up 40% to ₹630.9 crore, and PAT rose 173% to ₹155.1 crore. This performance was driven by highest-ever vessel deployment and successful project completions.
The substantial increase in revenue and profit, coupled with record vessel deployment, signifies a major positive development for the company, likely to be viewed favorably by investors.
The company reported significant year-on-year growth in revenue, EBITDA, and profit after tax for both the quarter and the nine-month period, indicating strong operational and financial performance.
Seamec Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a significant increase in revenue for the third quarter of fiscal year 2026, reaching ₹316.5 crore, a 139% rise compared to ₹132.7 crore in the same period last year. This growth was primarily attributed to higher deployment of vessels such as Seamec Swordfish, Seamec III, Seamec Princess, and Seamec Diamond, along with the completion of a turnkey job in revamping the NLM 9 platform.
The company's EBITDA for Q3 FY26 stood at ₹143.7 crore, a substantial increase of 296% from ₹36.3 crore in Q3 FY25. EBITDA margin improved to 45.4% from 27.4% year-on-year. Profit After Tax (PAT) for the quarter was ₹101.3 crore, a 100% increase from ₹2.3 crore in the prior year's corresponding quarter. This strong performance was also reflected in the nine-month period, with revenue growing by 40% to ₹630.9 crore and PAT increasing by 173% to ₹155.1 crore.
Consolidated figures also showed robust growth. Consolidated revenue for Q3 FY26 rose by 138% to ₹331.4 crore, and consolidated PAT increased by 100% to ₹99.8 crore. For the nine-month period, consolidated revenue grew by 42% to ₹669.7 crore, with consolidated PAT showing a 219% increase to ₹149.8 crore.
The company highlighted a trailblazer quarter with the highest ever vessel deployment, contributing to record quarterly revenue and profit. Key operational achievements include the early completion of the NLM 9 platform revamp, commencement of operations for Seamec Glorious, and the sailing of Seamec III for a new project. Seamec Agastya commenced operations after its dry dock, and Seamec Paladin sailed for statutory drydocking. The investor presentation also detailed the company's asset portfolio, market overview, and future outlook for the oil and gas sector.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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