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HomeMarket NewsMaharashtra Seamless shares rise nearly 3% after winning order worth ₹265 crore
The order is to be dispatched gradually over the next two quarters as per the customer's requirement, Maharashtra Seamless said.
Shares of Maharashtra Seamless Ltd. gained as much as 3% on Thursday, September 25, after the company won an order worth ₹265 crore for the supply of seamless pipes in the oil and gas sector.
The company said it received the contract from a domestic entity.
The order is to be dispatched gradually over the next two quarters as per the customer's requirement, Maharashtra Seamless said.
Maharashtra Seamless reported its June quarter earnings
on July 30, 2025. Its net profit increased 71% to ₹233.8 crore from the previous year.
The company's revenue was up 7.1% at ₹1,302.6 crore from ₹1,215.6 crore in the year-ago period.
Its profit before tax witnessed an 84% jump from ₹164.8 crore in the year-ago period to ₹303.2 crore in the June quarter.
Maharashtra Seamless shares gained 2.5% to ₹619 apiece on Thursday, September 25. The stock has declined 19.11% this year, so far.
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