Maharashtra Seamless announced on Thursday, September 25, 2025, that it has won an order worth ₹265 crore for the supply of seamless pipes to the oil and gas sector. According to reports, the order was awarded by a domestic entity.
The company stated that the dispatches will take place gradually over the next two quarters, in line with customer requirements. The deal strengthens Maharashtra Seamless’ position as a key supplier to the domestic oil and gas industry.
On July 30, 2025, Maharashtra Seamless reported robust earnings for the June quarter. Net profit rose 71% year-on-year to ₹233.8 crore, supported by higher revenues and improved margins.
Revenue increased 7.1% to ₹1,302.6 crore compared to ₹1,215.6 crore in the same period last year. Profit before tax surged 84%, reaching ₹303.2 crore against ₹164.8 crore in the year-ago quarter.
The strong quarterly results reflect the company’s operational efficiency and steady demand across core business verticals.
The new order worth ₹265 crore is expected to support revenue visibility for Maharashtra Seamless in the coming quarters. By executing dispatches across two quarters, the company aims to maintain steady cash flows and expand its customer base in the energy sector.
Industry experts believe that the company’s focus on large contracts in oil and gas will help it consolidate market share while leveraging its existing manufacturing capabilities.
On September 25, 2025, Maharashtra Seamless share price opened at ₹604.90, compared to the previous close of ₹603.70. During the session, the stock touched a high of ₹619.00 and a low of ₹603.70. At 1:48 PM IST, it was trading at ₹608.60, up by 0.81%.
The stock recorded a traded volume of 2.38 lakh shares and a traded value of ₹14.63 crore on the NSE. The market capitalisation stood at ₹8,155.19 crore. Over the past 52 weeks, Maharashtra Seamless Limited has hit a high of ₹814.30 and a low of ₹566.50. The stock is currently trading at a P/E ratio of 9.09.
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Maharashtra Seamless’ latest order in the oil and gas sector, coupled with strong quarterly earnings, highlights its growth momentum. With steady demand, operational strength, and strategic contracts, the company is positioned to maintain stability and investor confidence in the near term.
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Published on: Sep 25, 2025, 1:57 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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