Maharashtra Seamless, a leading steel pipes manufacturer, released its Q4 results showing strong growth. Net profit increased by 11% to ₹2.42 billion, while revenue grew 15.8% to ₹14.58 billion. EBITDA rose slightly to ₹2.85 billion, though the EBITDA margin decreased to 19.56%. The company has recommended a dividend of ₹10 per share.
16Mar 25
Maharashtra Seamless Limited Secures ₹298 Crore Order for Seamless Pipes in Oil & Gas Sector
Maharashtra Seamless Limited (MSL) has won a significant order worth ₹298 crore for supplying seamless pipes to a domestic entity in the oil and gas sector. The order will be executed gradually over the next few quarters. MSL projects a 7-8% volume growth for its seamless pipes business in FY25, aiming to dispatch around 435,000 tonnes of seamless pipes this fiscal year. This order win aligns with MSL's growth strategy and indicates robust demand in India's energy infrastructure sector.