Seamec fell 2.39% to Rs 461.35 after the company's consolidated net profit skid 21.89% to Rs 17.77 crore on 0.68% rise in revenue from operations to Rs 96.87 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax dropped 25.41% to Rs 18.69 crore in Q4 FY21 as against Rs 25.06 crore in Q4 FY20.
During the financial year, Seamec's consolidated net profit tanked 25.86% to Rs 98.79 crore on 33.14% decrease in revenue from operations to Rs 256.80 crore in FY 2021 over FY 2020.
The board has approved the purchase of a diving support vessel to expand the fleet in line with the company's long-term objective to remain a major player. Further, the board has approved the sale/scrap of vessel Seamec-I, diving support vessel, subject to customs clearance.
Seamec has also confirmed the interim dividend of Re 1 per equity share for the year ended 31 March 2021.
Seamec is the region's leading provider of diving support vessel (DSV) based diving services. It also provides utility services and bulk carrier services.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app