MAHSEAMLES Maharashtra Seamless Q1 FY26 results (Apr–Jun 2025) and concall
Maharashtra Seamless reported a challenging Q1 FY26 with an 11% revenue decline to Rs. 1,303 crores and a 41% EBITDA drop to Rs. 165 crores compared to Q4 FY25. This was primarily due to a significant slowdown in order booking, exacerbated by Chinese dumping and reduced expenditure in the oil and gas sector. Despite these operational headwinds, the company maintained a strong treasury of Rs. 2,919 crores and a high credit rating of AA+, with PAT decline cushioned by treasury performance.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 1,292 | 1,408 | 1,418 | 1,145 |
| EBITDA | 227 | 276 | 285 | 165 |
| Net profit | 220 | 186 | 242 | 230 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
