Maharashtra Seamless Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Maharashtra Seamless posted Q4 FY25 revenue of INR1,456 Cr (+3% QoQ), EBITDA of INR285 Cr (+2%), and PAT of INR243 Cr (+28%), with EPS at INR18. Annual revenue was flat despite 10%+ volume growth due to lower realizations. Other income grew 40% to INR197 Cr. Order book stands at INR1,584 Cr amid some slowdown. Capex focuses on cold drawn and finishing lines, to be operational by year-end. Management is cautious on acquisitions, prioritizing cash for plant replacement. Moderate market growth with softer export demand. EBITDA/ton guidance at ~INR15,000; volume stability expected until new lines ramp up.