Shares of Maharashtra Seamless declined 4% in early trade on Monday after the company reported a sharp drop in earnings for the quarter ended March 2026.
At around 9:30 AM IST, Maharashtra Seamless shares were trading lower after touching an intraday low of ₹600.50 on the NSE. The stock opened at ₹617 against the previous close of ₹635.35. During the session, the stock also touched a high of ₹620. Live traded volume stood at 1,12,186 shares.
The company reported a 57.5% year-on-year decline in consolidated net profit for the March quarter. Net profit came in at ₹103 crore compared to ₹242 crore reported in the corresponding quarter last year.
Revenue from operations also declined 9.7% YoY to ₹1,280 crore versus ₹1,418 crore in the year-ago period.
Operating performance remained under pressure during the quarter. EBITDA fell 16.6% to ₹237.7 crore compared to ₹285.2 crore in the same quarter last year. EBITDA margin narrowed to 18.6% from 20.1% on a YoY basis, indicating margin pressure amid lower profitability.
Following the earnings announcement, investor sentiment remained weak as the company reported declines across key financial parameters including revenue, operating profit, and net earnings.
On the technical front, the stock remains below its 52-week high of ₹773.80, while the 52-week low stands at ₹500.70.
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