SEAMEC Limited reported its highest-ever annual revenue of ₹947.5 crore and PAT of ₹242.4 crore for FY26, marking 44% and 110% YoY growth respectively.
The company's performance was driven by higher deployment of vessels Seamec III, Swordfish, and the newly acquired Seamec Agastya, alongside improved subsidiary performance.
Key business updates include a contract extension for SEAMEC II with ONGC until August 2026 and a new O&M award for ONGC's MSV Samudra Prabha and Samudra Sevak.
Seamec Paladin remains stranded in a Dubai dry dock due to the West Asia war and closure of the Strait of Hormuz, preventing its return to operations.