Shares of SEAMEC surged more than 10% in Tuesday’s trade after the company reported a strong set of numbers for the fourth quarter, supported by robust growth in revenue and profitability.
The stock touched an intraday high of Rs 1,670.00, which also marked its fresh 52-week high, compared to the previous close of Rs 1,492.10. As of 9:53 AM IST, the stock remained sharply higher amid strong buying interest.
SEAMEC reported a 63.8% year-on-year rise in consolidated revenue for Q4 at Rs 327.1 crore, compared to Rs 200 crore in the corresponding quarter last year.
The company’s EBITDA jumped 96.1% to Rs 159.1 crore versus Rs 81.2 crore in the year-ago period. EBITDA margin expanded significantly to 48.7% from 40.7%, reflecting improved operational efficiency and stronger execution.
Net profit for the quarter came in at Rs 103.5 crore, more than doubling from Rs 43 crore reported in the same period last year.
Adding to investor sentiment, the board of directors also declared a dividend of Rs 2 per share along with the quarterly results.
SEAMEC Share Price Performance
The stock witnessed strong momentum during the session, trading near record levels.
- Today’s low: Rs 1,551.00
- Today’s high: Rs 1,670.00
- 52-week low: Rs 752.55
- 52-week high: Rs 1,670.00
- Opening price: Rs 1,604.40
- Previous close: Rs 1,492.10
- Live volume: 5,28,510 shares
The sharp rally in SEAMEC shares comes as investors reacted positively to the company’s strong earnings growth, margin expansion, and dividend announcement.