Maharashtra Seamless Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Maharashtra Seamless Q1 FY26 saw revenue decline 11% to ₹1,303 Cr and EBITDA drop 41% to ₹165 Cr, impacting EBITDA per ton. PAT was cushioned by ₹160 Cr from treasury income. Order book fell to ₹1,149 Cr due to Chinese dumping and reduced oil & gas spending. Management expects Q2 margins to remain muted. The company maintains a strong treasury of ₹2,919 Cr and continues capex for plant modernization. Sentiment is cautious on immediate market conditions but confident in long-term financial strength.