Seamec Limited — PPTs, 14-11-2024: Investor Presentation

**Financial Highlights:**

For Q2 FY25, Seamec Limited reported revenue of ₹101.7 crore, a year-on-year increase of 32% driven by higher deployment of vessels. However, there was a quarter-on-quarter decline of 53% due to cyclical factors affecting vessel utilization. EBITDA stood at ₹36.6 crore, reflecting an 18% rise compared to Q2 FY24, though it dropped 58% sequentially. Profit After Tax (PAT) increased by 49% year-on-year to ₹3.0 crore but fell significantly by 94% quarter-on-quarter.

In H1 FY25, revenue grew by 20% to ₹319.5 crore, supported by greater deployment days. EBITDA rose 35% year-on-year to ₹122.8 crore, and PAT was up 15% at ₹54.5 crore compared to H1 FY24.

**Strategic Initiatives and Growth Drivers:**

The establishment of new subsidiaries and joint ventures, including Seamec Nirman Infra Limited for tunnel projects, highlights Seamec's commitment to diversifying its operations. The expansion of the fleet with additional Offshore Support Vessels and Diving Support Vessels (DSVs) ensures capability for complex subsea operations.

**Market Position and Competitive Advantage:**

With a well-established fleet and backing from the MMG Group, Seamec benefits from a strong market presence in offshore shipping. The company's proactive maintenance strategies and focus on operational safety enhance its competitive edge.

**Investor Implications:**

The positive trends in revenue and EBITDA, combined with strategic growth initiatives, position Seamec favorably within the growing offshore oilfield services market. Investors should closely monitor the company's operational efficiencies and market conditions impacting revenue generation.