SEAMECLTDNSEQ3 FY25February 12, 2025

Seamec Limited

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Key numbers — 40 extracted
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202/2025 February 12, 2025 Corporate Relations Department BSE Limited Phirojee Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 526807 The Manager Listing Department National Stock
4%
FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 3 - 2 - e t a D - o t - r a e Y 472 4% ........ 452 9M FY24 9M FY25 185 14% ' ' 159 189 25% ' ' 142 111 49% ' ' , ...
14%
FY24 Q2 FY25 3 - 2 - e t a D - o t - r a e Y 472 4% ........ 452 9M FY24 9M FY25 185 14% ' ' 159 189 25% ' ' 142 111 49% ' ' , ... 57 9M FY24 9MFY25 9M FY24 9M FY25 9M
25%
- e t a D - o t - r a e Y 472 4% ........ 452 9M FY24 9M FY25 185 14% ' ' 159 189 25% ' ' 142 111 49% ' ' , ... 57 9M FY24 9MFY25 9M FY24 9M FY25 9M F24 9M FY25 4 I I
49%
r a e Y 472 4% ........ 452 9M FY24 9M FY25 185 14% ' ' 159 189 25% ' ' 142 111 49% ' ' , ... 57 9M FY24 9MFY25 9M FY24 9M FY25 9M F24 9M FY25 4 I I I I 1 I I I I
27.4%
it/(Loss)* Profit After Exceptional Items Tax Impact Profit After Tax Q3 FY25 132.7 96.4 36.3 27.4% 3.4 32.3 30.1 2.9 0.0 2.9 0.6 2.3 Q3 FY24 205.2 111.2 94.0 45.8% 3.1 89.4 26.3 64.6
45.8%
Y25 132.7 96.4 36.3 27.4% 3.4 32.3 30.1 2.9 0.0 2.9 0.6 2.3 Q3 FY24 205.2 111.2 94.0 45.8% 3.1 89.4 26.3 64.6 0.0 64.6 1.5 63.2 + + t t t + + + ,- + + Revenue Y
30%
y on account of higher deployment of vessels post Monsoon. SEAMEC LIMITED Rs. In crore Q-o-Q% 30% -1% 4% -43% -43% -26% Q2 FY25 101.7 65.2 36.6 35.9% 3.4 31.1 28.1 5.1 0.0 5.1 2.0
1%
ccount of higher deployment of vessels post Monsoon. SEAMEC LIMITED Rs. In crore Q-o-Q% 30% -1% 4% -43% -43% -26% Q2 FY25 101.7 65.2 36.6 35.9% 3.4 31.1 28.1 5.1 0.0 5.1 2.0 3.0
43%
higher deployment of vessels post Monsoon. SEAMEC LIMITED Rs. In crore Q-o-Q% 30% -1% 4% -43% -43% -26% Q2 FY25 101.7 65.2 36.6 35.9% 3.4 31.1 28.1 5.1 0.0 5.1 2.0 3.0 + .. +
26%
loyment of vessels post Monsoon. SEAMEC LIMITED Rs. In crore Q-o-Q% 30% -1% 4% -43% -43% -26% Q2 FY25 101.7 65.2 36.6 35.9% 3.4 31.1 28.1 5.1 0.0 5.1 2.0 3.0 + .. + + + ,
35.9%
SEAMEC LIMITED Rs. In crore Q-o-Q% 30% -1% 4% -43% -43% -26% Q2 FY25 101.7 65.2 36.6 35.9% 3.4 31.1 28.1 5.1 0.0 5.1 2.0 3.0 + .. + + + ,- ,- .. ,- ,- .. Y-o-Y% -
Guidance — 17 items
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No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
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2 SEAMEC LIMITED Quarterly Update Standalone Financial Highlights of Q3 and 9M FY25 SEAMEC LIMITED Revenue EBITDA Cash Profit PAT 205 y l r e t r a u Q 133 102 94 89 63 37 36 31 32 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY25 -------------------------------------~----------------------------------·----------------------------------,------------------------------- Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 3 - 2 - e t a D - o t - r a e Y 472 4% ........
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452 9M FY24 9M FY25 185 14% ' ' 159 189 25% ' ' 142 111 49% ' ' , ...
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In crore Q-o-Q% 30% -1% 4% -43% -43% -26% Q2 FY25 101.7 65.2 36.6 35.9% 3.4 31.1 28.1 5.1 0.0 5.1 2.0 3.0 + ..
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QoQ – No Major change in EBITDA due to rise in operating expenses in line with the incremental revenue I 5 Standalone Financial Highlights of 9M FY25 Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Cash Profit Depreciation Profit Before Exceptional Items Exceptional Profit/(Loss) Profit After Exceptional Items Tax Impact Profit After Tax 9M FY25 9M FY24 Y-o-Y% SEAMEC LIMITED Rs.
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I 6 Standalone Financial Highlights of 9M FY25 Key Financial Ratios SEAMEC LIMITED ► ► ► Rs.
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I EBITDA YoY- Lower deployment of vessels and reduction in other income impacted the quarterly EBITDA QoQ – mainly due to MTM loss in Q3FY25 against MTM profit in Q2 FY25.
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I 9 Consolidated Financial Highlights of 9M FY25 Particulars Revenue Operating Expenses EBITDA EBITDA Margin Finance Cost Cash Profit Depreciation Profit Before Exceptional Items Exceptional Profit/(Loss)* Profit After Exceptional Items Tax Impact Profit After Tax 9M FY25 9M FY24 Y-o-Y% SEAMEC LIMITED Rs.
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10 Consolidated Financial Highlights of 9M FY25 Key Financial Ratios SEAMEC LIMITED ► ► ► Rs.
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SEAMEC Nirman Infra Limited undertook the NATM Tunnel construction for the High-Speed Rail Project in Vapi, Gujarat, in a joint venture with Nayavridhi Infra LLP.
Risks & concerns — 3 flagged
In crore 452.2 293.2 159.0 35.2% 10.4 142.5 85.7 62.9 - 62.9 6.1 56.7 472.4 287.8 184.7 39.1% 7.5 188.7 78.1 99.1 13.0 112.1 1.5 110.7 -4% -14% -25% -37% -44% -49% Revenue YoY- Revenue decline mostly due to decrease in charter revenue of Glorious Barge which was on a lumpsum contract during Q1 FY24.
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In crore Q-o-Q% 26% -9% -5% -216% -214% - I Revenue YoY- Reduction in deployment days coupled with MTM loss Forex resulted in the decline in Revenue during the quarter.
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In crore 472.5 319.7 152.9 32.4% 11.4 144.1 97.2 44.3 8.8 53.1 6.2 46.9 518.7 338.0 180.7 34.8% 11.2 167.4 99.5 70.0 - 70.0 2.1 67.9 -9% -15% -14% -37% -24% -31% Revenue YoY- The decline in revenue was mainly attributable to deployment of Glorious Barge on day rate contract as against lumpsum contract in FY24.
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We are fully compliant with
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Economic Impact
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Strategic drivers for Offshore Exploration
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Investor Relations Advisors
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Opening remarks
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a. Regulation 30 (read with Schedule III -Part A) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) b. ISIN: INE497B01018 Dear Sir / Madam, Pursuant to our intimation letter SEAMEC/BSE&NSE/SMO/ INVESTOR /0802/2025 dated February 08, 2025, kindly note that the Board of Directors of the Company at its meeting held on Tuesday, February 11, 2025 have inter alia considered and approved Unaudited Standalone & Consolidated Financial Results for the quarter and nine months ended December 31, 2025. Enclosed is the Investor Presentation in this regard. The above is made available on the Company’s website i.e. https://www.seamec.in/ This is for your information and record. Yours Faithfully, For SEAMEC LIMITED S.N. Mohanty President – Corporate Affairs, Legal and Company Secretary Please visit us at : www.seamec.in CONTRACTOR MEMBER -GIMCA ~ Q MGMTSYS ~ Q 1SO9001 : 2015 Certified by IRQS Av AC 071 1SO14001 :2015 Certif
We are fully compliant with
ISO 9001:2015 ISO 14001:2018 ISO 45001:2018 Marine Management System Our robust Marine Management System (MMS) provides seamless connect between onshore office staff and vessel operators, ensuring and strengthening operational safety. Adhering to regulatory requirements, we also carry extensive offshore safety audits of our entire fleet twice a year, ensuring the adequacy of our marine safety operating systems. SEAMEC LIMITED 19 SEAMEC LIMITED SEAMEC: Strong Asset Portfolio Asset Portfolio – Diving Support Vessels SEAMEC LIMITED o Diving Support Vessels are specialized ships designed to facilitate offshore diving operations quipped with dedicated facilities for divers, advanced diving equipment, and control systems o DSVs provides services, which include S.B.M maintenance removal and installations, Platform, Riser and Pipeline repairs, Subsea constructions and Maintenance operations & deployment of ROV SEAMEC II Built Year: 1982 Procurement Year: 1993 Gross Tonnage: 4,503 SEAMEC III Bu
Economic Impact
• Significant influence on global economic development. Shaping the future of energy production and consumption 5.41% CAGR Market Size Outlook (USD Million) 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 30 Driving Growth in Offshore Oilfields SEAMEC LIMITED 1614 14% 629 *Fig in USD Mn Why Offshore Exploration ? • Depletion of Onshore Reserves: As onshore oil reserves are exhausting; focus is shifting to offshore exploration. • Higher Potential: Offshore oilfields present significant opportunities due to • • their lower depletion rates and greater production capacity. Increased Investment: There is a surge in investment in ultradeep and deepwater drilling. Support from Stakeholders: Both state and private entities are actively supporting efforts to unlock offshore resources.
Strategic drivers for Offshore Exploration
• Oil Price Volatility: Rising fuel prices due to global crude oil price fluctuations and supply chain disruptions are encouraging the search for new reserves. • Geographic Advantage: India’s extensive coastline, encompassing 7,517 km, • • is well-suited for offshore drilling. Technological and Policy Support: Innovations in technology and supportive governmental policies are enhancing offshore exploration prospects. Future Energy Solutions: Offshore oilfields are expected to play a key role in fulfilling India’s future energy requirements. FY2024 FY2031 "With a projected 14% CAGR from FY2024 to FY2031, India's oilfield services market is set to expand significantly, reflecting increasing fossil fuel demand driven by population growth and rising vehicle ownership." Seamec Limited | Investors Presentation 31 Indian Offshore Oilfield Industry SEAMEC LIMITED ~----------------------------------------------- , I Current Oil Industry Dynamics -------------------------------------------- Indi
Investor Relations Advisors
Orient Capital (a division of Link Group) Mr. Nikunj Jain +91 9769060608 nikunj.jain@linkintime.co.in Ms. Nidhi Vijaywargia +91 9923450804 nidhi.vijaywargia@linkintime.co.in Thank You
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