Seamec Q3 FY26 Earnings Call Transcript Released: Best Ever Revenue & Profitability
Seamec Limited reported its best-ever Q3 FY26 results with consolidated revenue at ₹331 crore (up 138% YoY) and PAT at ₹100 crore. This was driven by record vessel deployment. The company expects charter rates to remain steady and plans for further growth, including the deployment of Seamec Anant in Q1 FY27. An MOU with DG Shipping commits ₹1,000 crore for future vessel acquisitions.
The announcement details record financial performance and significant operational achievements, alongside strategic growth plans and future investments, which are material to investors.
The company reported record revenue and profitability, with significant year-on-year growth in key financial metrics. Management expressed confidence in future performance and growth prospects.
Seamec Limited has released the transcript of its earnings conference call held on February 02, 2026, to discuss the unaudited financial results for the quarter and nine months ended December 31, 2025 (Q3 FY26). The company reported its best ever quarterly revenue and profitability, driven by the highest ever vessel deployment in its history. Key operational highlights included the early completion of ONGC's NLM9 platform revamping, the commencement of Seamec III's second phase of the Pipeline Replacement Project, and the start of operations for Seamec Agastya with ONGC. Seamec Paladin sailed for statutory drydocking in Dubai, expected to last approximately 70 days.
Financially, on a consolidated basis, revenue for Q3 FY26 surged by 138% year-on-year to ₹331 crore, with EBITDA at ₹150 crore and Profit After Tax (PAT) at ₹100 crore, a significant turnaround from a loss of ₹3 crore in the previous year's corresponding quarter. For the nine-month period of FY26, consolidated revenue increased by 42% to ₹670 crore, with EBITDA at ₹285 crore and PAT at ₹150 crore. The company highlighted that the strong performance was due to disciplined execution, improved asset utilization, and a favorable industrial environment. Management expressed confidence in sustaining growth momentum.
Discussions during the call also covered charter rates, expected to remain steady for the next two years, and the deployment status of the Seamec Anant vessel, which is anticipated in Q1 FY27. The company plans for continued growth, focusing on utilizing existing assets and potentially new acquisitions, with surplus cash flow allocated to growth assets and debt reduction. Seamec is also expanding its capabilities through an MOU with DG Shipping, committing to invest approximately ₹1,000 crore over the next 2-3 years for targeted vessel acquisitions. The company clarified that most of its diving support vessels are exempt from age norms, allowing for continued operation, with decisions on older vessels to be based on optimizing stakeholder returns. The management also noted an exceptional business gain of upwards of ₹22 crore in Q3 from securing the Goodman vessel contract. Looking ahead, Seamec Paladin and Seamec Diamond are scheduled for dry docking in the current quarter, with three more vessels planned for dry dock in FY27 during the monsoon period to minimize revenue disruption.
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Seamec Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. 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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See the model portfoliosA plain-language summary of a public exchange filing by Seamec Limited. Read the original for the full detail.