New Delhi, India — January 28, 2025: Maharashtra Seamless Limited (NSE: MAHSEAMLES, BSE: 500265), a key player in the steel pipes and tubes manufacturing sector under the D.P. Jindal Group, has released its unaudited financial results for the quarter and nine months ended December 31, 2024. The company has reported steady revenue growth and profitability, reflecting resilience in a challenging market.
Key Financial Highlights (Standalone) – Q3 FY2024-25
- Revenue from Operations: ₹1,407.97 crore (YoY decrease from ₹1,430.36 crore)
- Total Income: ₹1,409.54 crore
- Net Profit: ₹190.17 crore (YoY decrease from ₹280.29 crore)
- Earnings Per Share (EPS): ₹14.19 per share
- Total Expenses: ₹1,153.68 crore (YoY increase from ₹1,086.69 crore)
- Profit Before Tax (PBT): ₹255.86 crore (YoY decrease from ₹378.45 crore).
Segment-Wise Performance
- Steel Pipes & Tubes:
- Contributed ₹1,383.75 crore in revenue (YoY decline from ₹1,406.41 crore).
- Segment EBIT stood at ₹236.25 crore.
- Power – Electricity:
- Revenue of ₹18.68 crore, maintaining a stable contribution.
- Segment EBIT at ₹12.73 crore.
- Rig Business:
- Revenue of ₹17.81 crore, showing marginal growth.
- Segment EBIT at ₹5.82 crore.
Nine-Month Performance (April – December 2024)
- Total Revenue: ₹4,007.09 crore (YoY decrease from ₹4,285.59 crore)
- Net Profit: ₹550.32 crore (YoY decrease from ₹751.64 crore)
- Earnings Per Share (EPS): ₹41.07 per share
- Total Expenses: ₹3,290.50 crore
- Profit Before Tax (PBT): ₹716.59 crore.
Consolidated Financials
On a consolidated basis, the company reported:- Revenue: ₹1,409.83 crore (YoY decline from ₹1,465.14 crore)
- Net Profit: ₹186.06 crore (YoY decrease from ₹276.16 crore)
- EPS: ₹13.89 per share
- Total Comprehensive Income: ₹187.19 crore.
Management Commentary
Saket Jindal, Managing Director of Maharashtra Seamless Limited, stated:"While the overall demand for seamless pipes remains strong, market volatility and rising input costs have impacted our margins. We continue to focus on operational efficiency, cost optimization, and strategic investments to maintain long-term profitability."
Market Implications & Outlook
- Despite a YoY decline in revenue and Profit, the company remains financially stable with strong cash flows and a solid order book.
- The decline in net Profit reflects higher raw material costs and subdued demand in key export markets.
- The company focuses on diversification, expanding its product portfolio, and increasing exports to maintain growth momentum.