• The document is a transcript of the Q2 FY27 Earnings Conference Call held on November 4, 2026, hosted by Arihant Capital Markets Limited, following the announcement of the company's Unaudited Financial Results for the quarter and six months ended September 30, 2026.
  • The call was scheduled after the earnings announcement. The stated purpose was to discuss the company's financial performance and provide a business update.
  • Management participants included:
  • Mr. Naveen Mohta – Whole-Time Director
  • Mr. Ashok Verma – Chief Financial Officer
  • Mr. Sunil Gupta – Head, Strategy and Investors Relations
  • The moderator was Mr. Balasubramanian from Arihant Capital Markets Limited.
  • The transcript was made available on the company's website at https://www.seamec.in/ as per regulatory requirements.
  • The financial period discussed was Q2 and H1 FY27 (quarter and six months ended September 30, 2026).

Financial Highlights Disclosed:

Standalone Performance:

  • Q2 FY27 Revenue: INR 183.6 crores (vs. INR 82.4 crores in Q2 FY26) – growth of ~120%
  • H1 FY27 Revenue: INR 467 crores (vs. INR 283.8 crores in H1 FY26) – growth of 65%
  • Q2 FY27 EBITDA: INR 31.2 crores (vs. INR 0.2 crores in Q2 FY26)
  • H1 FY27 EBITDA: INR 148 crores (vs. INR 94.3 crores in H1 FY26) – growth of 57%
  • Q2 FY27 PAT: INR 4.2 crores (vs. loss of INR 25.8 crores in Q2 FY26)
  • H1 FY27 PAT: INR 85 crores (vs. INR 54 crores in H1 FY26) – growth of 59%

Consolidated Performance:

  • Q2 FY27 Revenue: INR 198.1 crores (vs. INR 97.4 crores in Q2 FY26) – growth of 103%
  • H1 FY27 Revenue: INR 495 crores (vs. INR 308.3 crores in H1 FY26) – growth of 61%
  • Q2 FY27 EBITDA: INR 38.3 crores (vs. INR 7.8 crores in Q2 FY26)
  • H1 FY27 EBITDA: INR 162.2 crores (vs. INR 104 crores in H1 FY26) – growth of 55%
  • Q2 FY27 PAT: INR 50 crores (vs. loss of INR 25.7 crores in Q2 FY26)
  • H1 FY27 PAT: INR 131.8 crores (vs. INR 50 crores in H1 FY26)

Strategic and Operational Updates:

  • Fleet Addition: Vessel Seamec Anant was formally taken over by the company on October 14, 2026, at Kakinada.
  • New Contract: Signed a long-term charter with HAL Offshore for ONGC's inspection, maintenance, and repair assignments on October 21, 2026. The charter is for approximately 1,225 days with a contract value of approximately USD 55 million (excluding GST). The vessel commenced operations on October 21, 2026.
  • Market Outlook: Management highlighted the Government of India's Samudra Manthan National Offshore Exploration Scheme with an outlay of INR 84,084 crores through 2030-31, aimed at accelerating offshore exploration and deepwater drilling.
  • Growth Guidance: Management indicated a target to grow around 15% in revenue and around 18-20% in bottom line (PAT) over the next 4-5 years.
  • Capex Plans: The company plans to invest around $200-250 million in capex over the next 2-3 years to expand its fleet. $70 million was already incurred in H1 FY27 for the acquisition of Seamec Anant.
  • Debt Status: Debt profile is approximately INR 450-470 crores as of the call, with plans to maintain a 60-40 or 70-30 debt-equity ratio for future investments.
  • Vessel Status: All vessels are currently on operation except one (Seamec Princess), which is expected to be contracted within 1-2 weeks. Four vessels work on spot market contracts (seasonal from November to May), while others are on long-term charters.

Additional Notes Section

  • The document is a regulatory filing containing the full transcript of the earnings conference call.
  • The transcript includes detailed financial figures for Q2 and H1 FY27, management commentary, and a comprehensive Q&A session with analysts.
  • The company has explicitly provided financial data in this disclosure through the earnings call transcript.