SEAMEC announced the engagement of the Vessel �SEAMEC PRINCESS� and �SEAMEC III� in Pipeline Replacement Project VII (PRP-VII RTR) under consortium of Posh India Offshore and Larsen & Toubro have been demobilized due to advent of monsoon. Powered by Capital Market - Live News

Net profit of SEAMEC reported to Rs 52.67 crore in the quarter ended March 2024 as against net loss of Rs 4.82 crore during the previous quarter ended March 2023. Sales rose 87.84% to Rs 236.38 crore in the quarter ended March 2024 as against Rs 125.84 crore during the previous quarter ended March 2023.For the full year,net profit rose 262.73% to Rs 119.70 crore in the year ended March 2024 as against Rs 33.00 crore during the previous year ended March 2023. Sales rose 66.79% to Rs 729.29 crore in the year ended March 2024 as against Rs 437.24 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales236.38125.84 88 729.29437.24 67 OPM %36.9321.34 -33.2128.91 - PBDT85.3424.38 250 254.82139.59 83 PBT50.07-7.06 LP 120.0327.61 335 NP52.67-4.82 LP 119.7033.00 263 Powered by Capital Market - Live News

SEAMEC will hold a meeting of the Board of Directors of the Company on 28 May 2024Powered by Capital Market - Live News

SEAMEC has assigned �CRISIL A+/Stable� credit rating (Upgraded from �CRISIL A/Positive`) for bank facilities of the Company. Powered by Capital Market - Live News

Net profit of SEAMEC reported to Rs 56.16 crore in the quarter ended December 2023 as against net loss of Rs 1.77 crore during the previous quarter ended December 2022. Sales rose 111.87% to Rs 213.31 crore in the quarter ended December 2023 as against Rs 100.68 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales213.31100.68 112 OPM %42.4919.66 - PBDT91.9319.13 381 PBT58.05-5.34 LP NP56.16-1.77 LP Powered by Capital Market - Live News