SEAMEC Ltd Q2 FY27 Revenue Doubles, EBITDA Margin Reaches 19.3%

SEAMEC Ltd reported consolidated net revenue of ₹198.1 crore in Q2 FY27, a 103% year-on-year increase, while EBITDA rose to ₹38.3 crore and the EBITDA margin improved to 19.3% from 8.0% a year earlier. The quarterly numbers indicate a sharp improvement in reported operating performance and profitability.

What did SEAMEC Ltd report for Q2 FY27?

SEAMEC Ltd reported consolidated net revenue of ₹198.1 crore for the quarter ended Q2 FY27. The investor presentation cited a 103% year-on-year rise in revenue, compared with ₹97.4 crore in the corresponding quarter of FY26. The company operates in the shipping sector and its quarterly outcome is relevant for investors tracking offshore marine-services activity.

EBITDA stood at ₹38.3 crore, compared with ₹7.8 crore in Q2 FY26. This represented year-on-year growth of 389%, according to the figures provided. EBITDA margin expanded by 11.3 percentage points to 19.3%, from 8.0% in the previous-year quarter, showing that EBITDA increased faster than revenue.

Profit after tax was reported at ₹50.5 crore, against a loss of ₹25.7 crore in Q2 FY26. Accordingly, PAT margin moved to 25.5% from negative 26.4%. Operating expense was ₹105.7 crore, up 109% year-on-year. The reported expense growth was broadly in line with the expansion in revenue, while the company still recorded improved operating and net-profit margins.

Which Q2 FY27 financial metrics showed the largest change?

The largest reported shift was the move in profit after tax from a loss in Q2 FY26 to a profit in Q2 FY27. SEAMEC Ltd's reported PAT improvement was 296% year-on-year, while its EBITDA rose 389%. These comparisons reflect the low base of the prior-year quarter as well as the higher revenue reported in the latest period.

The difference between EBITDA and PAT margins is notable in the reported data. The material gives the profit and margin figures but does not provide a detailed explanation for every component affecting the movement in PAT. Investors will need to refer to the company’s detailed financial statements and management discussion for a full assessment of the quarterly profit drivers.

How does offshore exploration spending matter for SEAMEC Ltd?

The investor presentation also highlighted planned spending by major Indian exploration companies, which provides important operating context for offshore-service providers such as SEAMEC Ltd. ONGC reported FY26 capital expenditure of ₹35,878 crore and indicated FY27 estimated capital expenditure of ₹32,000 crore to ₹33,000 crore for Samudra Manthan and deepwater development.

Oil India reported FY26 capital expenditure of ₹13,026 crore and FY27 estimated capital expenditure of ₹7,585 crore for its Andaman exploration campaign. These are the capital-spending figures of the exploration companies, not SEAMEC Ltd's own capital expenditure. Their relevance lies in the level of activity that may require offshore support, vessel services and related project execution across the sector.

The National Offshore Exploration Scheme, called Samudra Manthan, was approved on July 31, 2026. The scheme has a total outlay of ₹84,084 crore through FY2030-31 and is intended to accelerate offshore exploration. The presentation positioned this policy and planned industry expenditure as part of the backdrop for offshore operations in India.

What should investors watch after SEAMEC Ltd's quarterly results?

Investors can watch the company’s post-results analyst and investor meeting scheduled for November 4, 2026, at 11:00 a.m. IST. The meeting is to be held through a conference call arranged by Arihant Capital Markets, with Whole-Time Director Naveen Mohota and Chief Financial Officer Ashok Verma listed among senior management participants.

The meeting intimation stated that the schedule may change and that no unpublished price-sensitive information would be shared. The available material also indicates that an earnings-call transcript had not been published for the quarter. As a result, the reported presentation figures remain the primary disclosed basis for assessing revenue, margins and the operating backdrop at this stage.

For the market, the principal quarterly datapoints are the 103% revenue growth, the rise in EBITDA margin to 19.3%, and the return to reported profitability. The industry-capex references provide context, but they do not establish future revenue, order inflow or earnings for SEAMEC Ltd. Those outcomes would depend on actual project requirements, contracts and execution.

Conclusion

SEAMEC Ltd's Q2 FY27 results showed materially higher reported revenue and a substantial improvement in EBITDA and PAT compared with Q2 FY26. Revenue reached ₹198.1 crore, EBITDA reached ₹38.3 crore and PAT was ₹50.5 crore, compared with a loss in the year-earlier quarter. The improvement in both operating and net margins is the central feature of the reported quarter.

The immediate item to watch is the November 4, 2026 investor meeting, where management is scheduled to discuss the Q2 FY27 outcome. Investors can also monitor disclosures on offshore project activity, vessel deployment and the progress of exploration spending by ONGC and Oil India, including initiatives linked to Samudra Manthan.