Seamec Limited — Investor Meet, 17-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SEAMEC delivered strong Q1 FY27 financial results with consolidated revenue at INR 297 Cr, a 41% YoY increase, and PAT at INR 81 Cr. The offshore segment drove improved margins.

Management highlighted healthy structural growth in the global offshore energy sector and strong demand for specialized vessels, particularly in the Middle East and India. Paladin has resumed operations, contributing from Q2. The company's acquisition of Seamec ANANT for USD 70 million (50% equity, 50% loans) is set for completion by month-end, with deployment on its ONGC contract expected in Q3 after statutory formalities, targeting 95-98% utilization.

The company aims for 15-20% CAGR over the next 3-5 years, maintaining stable annual margins of 40-42%. Monsoon off-hiring impacts Seamec Princess, Seamec III, and Seamec Glorious, but Samudra Sevak and Prabha contracts continue. Talks for Seamec II deployment are ongoing. The overall outlook is confident, with a focus on strategic fleet expansion and maximizing utilization.