SEAMEC Ltd

- Seamec Limited is actively looking to acquire suitable assets, including vessels, especially in overseas markets such as the UK and Middle East. - The acquisition process is ongoing but it is too early to specify whether the purchase will be under the subsidiary or the parent company. - The company continues to explore good opportunities for both buying and selling vessels. - Decisions on new capex or acquisitions will be announced to exchanges once finalized. - There is no specific timeline given for these acquisitions or capital investments yet. - The company’s strategy includes expanding fleet capabilities which will help reduce volatility in quarterly performance. - No mention of divestment or liquidation beyond the ongoing process for the UK subsidiary to recover funds and maintain a smaller office.

- Seamec's revenue for Q2 FY25 increased by 12% YOY to INR 110 crores; standalone revenue rose by 32%. - Growth driven by ongoing and new contracts with ONGC and other key clients like Aramco and AdNoc. - Seamec is focused on expanding its fleet, including plans to acquire vessels overseas, enhancing global opportunities. - The company is optimistic about the offshore service sector due to robust demand for subsea inspection, maintenance, and construction. - Seasonality affects Q3 revenues due to monsoon-related off-hires; management aims to reduce volatility with more year-round contracts. - EBITDA and profitability showed significant improvement, signaling operational efficiency. - New contracts, contract renewals, and higher charter rates expected to boost revenues from Q3 FY25 onwards. - East Coast and international markets (Middle East, UK) are under active exploration for opportunities. - Overall, a positive growth outlook with sustainable financial improvement is anticipated through FY26.

- Seamec reported a 12% year-on-year revenue increase in Q2 FY25, with EBITDA growing 26% YoY, indicating positive growth momentum. - The company is confident of improving operating performance and profitability going forward, targeting a Return on Capital Employed (ROCE) of 18-20% by FY26, up from 14% reported in H1. - They expect sustained demand in offshore services, especially subsea inspection, maintenance, and construction, backed by continued contracts with clients like ONGC. - Management is actively pursuing contract renewals and new vessel acquisitions to strengthen their fleet and reduce quarter-to-quarter volatility. - Profit after tax improved significantly with consolidated PAT turning positive in Q2 FY25 compared to a loss last year. - Earnings per share and profits are expected to improve in line with operational scaling, higher contract wins, and better utilization. - Overall, the outlook for earnings and operating profits is optimistic, driven by strategic contract repricing and new project opportunities.

- Seamec Limited has ongoing contracts with ONGC, including underwater inspection and pipeline replacement projects, indicating a strong order book in offshore support services. - The vessel Seamec Princess is engaged in the third season of the Pipeline Replacement Project 7 with ONGC. - New contracts expected include renewal of Seamec-3, Seamec Princess, and Swordfish, with negotiations ongoing and announcements anticipated soon. - The company is exploring opportunities to acquire new vessels, including potential overseas acquisitions, to expand its fleet and order book. - Several contracts are undergoing or expected to undergo repricing in FY25, with positive prospects due to market rate increases. - Expansion plans include growing the diving support services fleet and entering new geographical markets such as the Middle East and UK. - The company continues to monitor and bid for tenders, indicating a pipeline of potential new orders in the near future.

- There is no explicit mention of any current or planned fundraising through debt or equity in the provided transcript. - The company is in a strong financial position with a net cash surplus of INR178 crores after adjusting borrowings. - The management continues to explore acquisition opportunities for vessels but has not detailed any specific funding plans. - Any material decisions related to acquisitions or restructuring (such as liquidation of parts of the UK subsidiary) will be communicated via stock exchange filings. - Overall, no direct guidance or update on new debt or equity fundraising was given during the call.