Maharashtra Seamless Announces Board Appointments and Releases Q1 Financial Results for FY26
Maharashtra Seamless Limited has announced significant board appointments following its Board meeting held on August 7, 2026. The company also released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, which have been reviewed by statutory auditors.The Company approved the appointment of Mr. Shiv Kumar Singhal as a Whole-time Director with effect from August 7, 2026, for a period of three years, pending shareholder approval. Additionally, Dr. Raj Kamal Agarwal was appointed as an Independent Director for five years, effective August 7, 2026, subject to shareholder approval. Both appointees are not debarred from holding the office of Director by any SEBI order or other relevant authority.
The Board also convened the 38th Annual General Meeting of the Company, scheduled for September 15, 2026.
Financial Performance Highlights (Q ended June 30, 2026)
Maharashtra Seamless Limited reported strong performance in its Q1 results across both standalone and consolidated statements. The unaudited standalone financial results were reviewed by M/s Kanodia Sanyal & Associates, the Statutory Auditors of the Company.Standalone Financial Results Summary (in ₹ Crores)
The company's total revenue from operations stood at 1,091.20 crores for the quarter ended June 30, 2026, up from 1,142.86 crores in the previous year period. Total Revenue reached 1,266.32 crores after including Other Income of 175.12 crores. The company registered a Net Profit after tax of 270.78 crores, resulting in an Earnings Per Share (EPS) of 20.21.Financial results by segment showed the following performance for the quarter ended June 30, 2026:
| Segment | Revenue from Operations | Results (Profit after Tax) |
|---|---|---|
| Steel Pipes & Tubes | 1,069.32 | 138.75 |
| Power - Electricity | 20.58 | 14.01 |
| Rig | 15.10 | 0.30 |
| Others / Unallocated | 175.12 | 175.12 |
Consolidated Financial Results Summary (in ₹ Crores)
The unaudited consolidated financial results reflected a Total Revenue of 1,265.62 crores for the quarter ended June 30, 2026. The Group recorded a Net Profit after tax of 266.40 crores, and the Earnings Per Share (EPS) stood at 19.88.The consolidated results include the performance of subsidiaries such as Maharashtra Seamless (Singapore) Pte. Ltd, MSL Seamless Tubes Limited, United Seamless Limited, and Maharashtra Seamless Finance Limited.
| Segment | Revenue from Operations | Results (Profit after Tax) |
|---|---|---|
| Steel Pipes & Tubes | 1,069.32 | 138.75 |
| Power - Electricity | 20.58 | 14.01 |
| Rig | 15.10 | 0.30 |
| Others / Unallocated | 173.60 | 173.60 |
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Standalone Financial Summary (Q ended 30-Jun-26)
| Particulars | Q Ended 30-Jun-26 | Q Ended 31-Mar-26 | Q Ended 30-Jun-25 | Year Ended 31-Mar-26 |
|---|---|---|---|---|
| Total Revenue (1+2) | 1,266.32 | 1,231.92 | 1,302.57 | 5,058.78 |
| Total Expenses | 939.53 | 1,073.05 | 999.36 | 4,099.21 |
| Profit before Tax (excluding Exceptional Items) | 326.79 | 158.87 | 303.21 | 959.57 |
| Total Tax Expenses | 56.01 | 48.30 | 69.35 | 238.37 |
| Net Profit after tax | 270.78 | 107.53 | 233.86 | 718.16 |
| EPS (Basic/Diluted) | 20.21 | 8.02 | 17.45 | 53.59 |
Consolidated Financial Summary (Q ended 30-Jun-26)
| Particulars | Q Ended 30-Jun-26 | Q Ended 31-Mar-26 | Q Ended 30-Jun-25 | Year Ended 31-Mar-26 |
|---|---|---|---|---|
| Total Revenue (1+2) | 1,265.62 | 1,232.20 | 1,305.03 | 5,061.90 |
| Total Expenses | 939.49 | 1,074.48 | 1,002.19 | 4,105.84 |
| Profit before Tax | 322.41 | 151.17 | 299.65 | 939.42 |
| Total Tax Expenses | 56.01 | 48.33 | 69.35 | 238.40 |
| Net Profit after tax | 266.40 | 102.84 | 230.30 | 701.02 |
| EPS (Basic/Diluted) | 19.88 | 7.67 | 35.00 | 52.33 |
MAHSEAMLES Stock Price Movement
On Friday, shares of Maharashtra Seamless Limited edged higher to close at ₹589.7, following a gain of 0.65%. The equity completed trading on the day with 137,498 shares changing hands after setting an intraday range between a low of ₹574.45 and a high of ₹598.8.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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