SEAMEC Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- SEAMEC Ltd reported a 26.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 36.4%.
- Its expenses for the quarter were up by 31.4% QoQ and down 11.8% YoY.
- The net profit decreased 2118.8% QoQ and decreased 105.7% YoY.
- The earnings per share (EPS) of SEAMEC Ltd declined at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 139.38 | 110.29 | 219.10 | 26.4% | -36.4% |
Total Expenses | 142.00 | 108.03 | 161.05 | 31.4% | -11.8% |
Profit Before Tax | -2.59 | 2.28 | 58.05 | -213.6% | -104.5% |
Tax | 0.64 | 2.12 | 1.63 | -69.8% | -60.7% |
Profit After Tax | -3.23 | 0.16 | 56.42 | -2118.8% | -105.7% |
Earnings Per Share | -1.30 | 0.00 | 22.20 | - | -105.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
SEAMEC Ltd is a company that operates primarily in the marine and offshore services industry. It is known for providing a range of services, including underwater and offshore construction, maintenance, and diving support services. The company has a significant presence in the marine sector, leveraging its fleet of vessels and experienced personnel to deliver specialized services. SEAMEC Ltd focuses on serving clients in industries such as oil and gas, renewable energy, and marine infrastructure. Recent developments in the company are not detailed in the provided data, and thus specific updates on new projects or strategic initiatives are not available in this report.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), SEAMEC Ltd reported a total income of ₹139.38 crores. This represents a substantial quarter-over-quarter (QoQ) increase of 26.4% from ₹110.29 crores in Q2FY25. However, on a year-over-year (YoY) basis, total income decreased by 36.4% from ₹219.10 crores in Q3FY24. This decline could reflect various market conditions or changes in business operations during this period. The fluctuation in total income highlights significant variances in the company's revenue generation over the past year.
Profitability
In Q3FY25, SEAMEC Ltd experienced a loss before tax of ₹2.59 crores, contrasting with a profit of ₹2.28 crores in Q2FY25. This shift resulted in a negative QoQ change of 213.6%. When compared to Q3FY24, where the company had a profit before tax of ₹58.05 crores, the decline is more pronounced, with a YoY decrease of 104.5%. The tax expense for Q3FY25 was ₹0.64 crores, which is a decrease of 69.8% QoQ from ₹2.12 crores in Q2FY25 and a 60.7% YoY decrease from ₹1.63 crores in Q3FY24. Consequently, the profit after tax was a loss of ₹3.23 crores, indicating a drastic fall from a small profit of ₹0.16 crores in the previous quarter and a significant profit of ₹56.42 crores in the same quarter last year. The earnings per share (EPS) reflected this trend, registering at -₹1.30 for Q3FY25, compared to ₹0.00 in Q2FY25 and ₹22.20 in Q3FY24.
Operating Metrics
The company's total expenses for Q3FY25 amounted to ₹142.00 crores, marking an increase of 31.4% QoQ from ₹108.03 crores in Q2FY25. This also represents a decline of 11.8% YoY from ₹161.05 crores in Q3FY24. The upward trend in expenses on a quarterly basis could be indicative of increased operational costs or strategic investments. The financial data reveals a challenging quarter for SEAMEC Ltd, with profitability metrics showing a downturn against both the previous quarter and the same quarter of the prior year. The negative earnings per share further emphasize the financial pressures faced during Q3FY25.
