Seamec Q2 FY27 Results: Consolidated Net Profit ₹50.48 Crore on Total Income of ₹222 Crore
- Earnings
- marine services
Reviewed byKeshav SehgalBlacklitt Research
Seamec (NSE: SEAMECLTD) reported total income of ₹222 crore and net profit of ₹50 crore on a consolidated basis for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹205 crore and net profit ₹4 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹222 crore, up 106.4% YoY and down 30.0% QoQ
- Net profit and EPS: ₹50 crore, against a loss of ₹26 crore a year earlier; basic EPS ₹19.79
- Exceptional gain: ₹42.43 crore on the sale of the vessel Seamec Gallant
- Finance costs: ₹4 crore, down 27.0% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹205 crore, up 123.9% YoY and down 32.3% QoQ
- Net profit and EPS: ₹4 crore, against a loss of ₹26 crore a year earlier; basic EPS ₹1.64
- Depreciation: ₹47 crore, up 57.0% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 222 | 107 | +106.4% | 317 | -30.0% | |
| Revenue from operations | 198 | 97 | +103.4% | 297 | -33.3% |
| Other income | 24 | 10 | +135.8% | 20 | +18.8% |
| 50 | -26 | n/a | 81 | -37.9% | |
| Profit before tax | 49 | -25 | n/a | 89 | -45.7% |
| Finance costs | 4 | 5 | -27.0% | 5 | -19.9% |
| Depreciation | 52 | 38 | +37.2% | 50 | +4.6% |
| Tax expense | -2 | 1 | n/a | 8 | n/a |
| Net profit margin | 22.75% | -23.94% | +46.69 pp | 25.67% | -2.91 pp |
| EPS, basic (₹) | 19.79 | -10.81 | n/a | 31.95 | -38.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Income grew far more than it did a year earlier, but the quarter was lower than the one before. Total income of ₹222 crore compares with ₹107 crore a year earlier and ₹317 crore in Q1 FY27. Other income of ₹24 crore is 10.8% of total income, and it is 48.8% of profit before tax of ₹49 crore, so a large part of the pre-tax result sits outside revenue from operations.
The filing reports an exceptional gain of ₹42.43 crore from the sale of the vessel Seamec Gallant, for a consideration of ₹88.31 crore net of sales commission. Without that gain, profit before tax would be about ₹6 crore (derived: ₹48.58 crore less ₹42.43 crore). The filing does not say how the sale proceeds will be used.
Tax was a credit of ₹1.90 crore, so net profit of ₹50.48 crore is slightly above profit before tax. Net profit attributable to owners of the company is ₹50.32 crore, and basic EPS is ₹19.79, against ₹31.95 in the previous quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 205 | 91 | +123.9% | 302 | -32.3% | |
| Revenue from operations | 184 | 82 | +122.8% | 283 | -35.2% |
| Other income | 21 | 9 | +133.7% | 19 | +10.5% |
| 4 | -26 | n/a | 81 | -94.9% | |
| Profit before tax | 2 | -25 | n/a | 89 | -97.5% |
| Finance costs | 3 | 4 | -25.0% | 4 | -20.0% |
| Depreciation | 47 | 30 | +57.0% | 43 | +9.7% |
| Tax expense | -2 | 1 | n/a | 8 | n/a |
| Net profit margin | 2.03% | -28.26% | +30.29 pp | 26.84% | -24.81 pp |
| EPS, basic (₹) | 1.64 | -10.16 | n/a | 31.92 | -94.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The standalone figures are much smaller than the consolidated ones. Standalone total income of ₹205 crore is ₹17 crore below the consolidated figure, and standalone net profit of ₹4 crore is ₹46 crore below it. The filing does not explain the gap between the two sets of results.
The statement shows no exceptional items for the standalone company in the quarter. Tax was a credit of ₹1.94 crore, and net profit was ₹4 crore, against a loss of ₹26 crore in Q2 FY26.
The company's latest quarter, Q1 FY27, showed consolidated total income of ₹317 crore and net profit of ₹81 crore. The filing also records the re-appointment of MCS Share Transfer Agent Limited as Registrar and Share Transfer Agent for three years from 1 Dec 2026, and the payment of ₹5.09 crore of dividend to shareholders in the six months ended 30 Sep 2026.
Inference
The filing says the Board approved the results on 3 Nov 2026 and that T R Chadha & Co LLP issued limited review reports, with the consolidated conclusion not modified. The filing also records a dividend paid of ₹5.09 crore in the six months to 30 Sep 2026. Whether any dividend has been declared for the quarter is not stated. The reason for the sale of Seamec Gallant and the use of its proceeds are also not stated, and the scope and terms of the Registrar re-appointment will be provided on execution of the document.
Filed with BSE on . Reference: Original filing (PDF)
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