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SEAMEC Ltd Q2FY24; 1% fall in Revenue

SEAMEC Ltd owns and operates 4 multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. It has also diversified into main fleet shipping vertical by acquiring 3 bulk carriers of various sizes. It owns the largest fleet of multi-functional vessels in India.

Financial Results:

SEAMEC Ltd reported Revenues for Q2FY24 of ₹84.00 Crores down from ₹85.00 Crore year on year, a fall of 1.18%.

Total Expenses for Q2FY24 of ₹112.00 Crores up from ₹81.00 Crores year on year, a rise of 38.27%.

Consolidated Net Profit of -₹14.00 Crores from ₹17.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹5.81, from ₹6.67 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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