Maharashtra Seamless Limited has announced its unaudited financial results for the quarter and half year ended September 30, 2026. The Board of Directors also approved the appointment of Mr. Manish Kumar Khandelwal as the new Chief Financial Officer, effective November 13, 2026. The results indicate a mixed performance across segments compared to the previous year.
Maharashtra Seamless Limited Reports Q2 FY27 Financials and Leadership Change
Maharashtra Seamless Limited (MSL) has officially disclosed its unaudited standalone and consolidated financial results for the quarter and half year concluding on September 30, 2026. This announcement follows a Board of Directors meeting held on November 13, 2026.
Financial Performance Overview
For the quarter ended September 30, 2026, MSL reported a standalone profit before tax of ₹98.94 crore, a notable decrease from ₹326.79 crore in the same period last year. The net profit after tax stood at ₹78.24 crore. On a consolidated basis, the profit before tax for the quarter was ₹93.64 crore, with a net profit after tax of ₹72.94 crore.
The half-year ended September 30, 2026, saw a standalone profit before tax of ₹425.73 crore, down from ₹476.73 crore in the prior year. The consolidated half-year profit before tax was ₹416.05 crore, a decrease from ₹468.79 crore. Total comprehensive income for the half-year on a consolidated basis was ₹341.95 crore.
Key Appointments
In a significant leadership update, the Board of Directors has approved the appointment of Mr. Manish Kumar Khandelwal as the new Chief Financial Officer (CFO) of the company, effective November 13, 2026. Mr. Khandelwal, aged 54, brings approximately 30 years of experience in finance and strategic management from institutions like Stanford University Graduate School of Business and Shri Ram College of Commerce.
The company also disclosed that Mr. Khandelwal is not related to any existing directors or Key Managerial Personnel (KMP).
Segmental Performance
The segmental revenue analysis for the quarter ended September 30, 2026, shows the ‘Steel Pipes & Tubes’ segment contributing the most, with revenue of ₹1,247.74 crore. However, profits from this segment were lower compared to the previous year. The ‘Power Electricity’ segment also showed a stable revenue contribution.
Source: BSE
