Earning Presentation Q1FY27

E-Communication MSL/SEC/SE/2026-27 07 August 2026 BSE Limited National Stock Exchange of India Limited 25th Floor, P.J. Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Mumbai-400001 Bandra - Kurla Complex Bandra (E), Mumbai-400051 Stock Code: 500265 Scrip Code: MAHSEAMLES Sub: Earnings Presentation Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015, please find enclosed Earnings Presentation for the quarter ended 30 June 2026 issued by the Company. You are requested to kindly take the same on record. Thanking you, For Maharashtra Seamless Limited Ram Ji Nigam Company Secretary Encl: As above Earnings Presentation Quarter ending 30 June 2026 07 August 2026 Forward Looking & Disclaimer Statement This document contains “forward-looking statements” about our business, financial performance, skills and prospects. Statements about our plans, intentions, expectation, beliefs, estimates, prediction or similar expression for the future are forward-looking statements. Forward looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to future oil and gas prices and their impact on investment programs by oil and gas companies, steel prices worldwide and domestic, economic & political conditions. We can not assure that outcome of these forward-looking statements will be realised. The Company disclaims any duty to update the information presented here. The material presented can not be used for any other purpose in any form without our express written consent. www.alimtiaz.com Maharashtra Seamless – Segments & Capacities Seamless Pipes ERW Pipes Renewable Energy Rig • Maharashtra • Solar • 50 MW AC at • New generation • 450,000 mt/annum • API certified Maharashtra & offshore jack up rig • High frequency Rajasthan • Telangana • PSL 2 • On 3 year contract • 125,000 mt/annum • Wind till November 2028 • 200,000 mt/annum • 7 MW at Maharashtra • Market share of 55% in seamless pipes segment with manufacturing facilities at Nagothane & Mangaon in Maharashtra and Narketpally in Telangana. • Market share of 18% in the API certified, high frequency ERW pipes segment with manufacturing facility at Nagothane in Maharashtra. • On installation of finishing facilities at Telangana, existing capacity of 100,000 mt/annum will be activated. www.alimtiaz.com Products & Industries served Industries Others Seamless ERW (Coated & Premium Served Pipes Pipes Connections, Pipe Fittings) Agriculture ✓ Automotive ✓ Bearing ✓ Chemical ✓ ✓ Drinking Water ✓ Engineering ✓ Fertilizers ✓ Housing ✓ Irrigation ✓ Mechanical ✓ Oil and Gas ✓ ✓ ✓ Petrochemical ✓ ✓ Power ✓ ✓ • Hot Finished •OCTGCasing • MS&GIPipes • 3LPE,3LPPand •PipeFittings Pipes&Tubes andTubing • API LinePipes FBECoated • Premium • ColdPilgered/ •Cylinder Pipes • OCTG PipesandCasing Pipes ConnectionPipes Types ColdDrawnTubes • Subsea Sour • Tubing • InternalCoating • Boiler Tubes Service Seamless Pipes • API Line Pipes Pipes • OCTGDrill Pipes www.alimtiaz.com Quarterly Highlights – Maharashtra Seamless Total revenue EBIDTA & EBIDTA margin 2400 300 30% 1600 1303 1234 1290 1232 1266 200 169 153 20% 123 19% 800 100 14% 10% r o r o 11% r c r c . s . s 0R 0R 0% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 PAT & PAT margin EPS 360 36% 247 20 20 17 240 24% 130 10 20% 108 8 120 12% 10 r o 11% c 8% 0R 0% 0R Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 www.alimtiaz.com Profit & Loss – Comparison Particulars MSL Rs. crore Q1 FY27 Q4 FY26 Q1 FY26 FY26 FY25 Revenue from operations 1091 1280 1143 4671 5266 Add: Other income 175 (48) 160 387 197 Total revenue 1266 1232 1303 5059 5463 Less: Expenses Cost of materials consumed (742) (784) (797) (2945) (3286) Change of inventories (FG + WIP) 109 11 81 (28) (30) Employees benefit expenses (36) (35) (32) (132) (122) Finance cost (1) (1) (1) (3) (3) Depreciation (31) (31) (25) (110) (100) Other expenses (238) (234) (226) (882) (906) Total expenses (939) (1073) (1000) (4100) (4447) Profit before exceptional items & tax 327 159 303 959 1016 Less: Exceptional items - (3) - (3) - Profit before tax 327 156 303 956 1016 Less: Tax (56) (48) (69) (238) (223) Profit after tax 271 108 234 718 793 www.alimtiaz.com Annual Highlights – Maharashtra Seamless Total revenue EBIDTA & EBIDTA margin 7200 1500 30% 5790 1223 5544 5463 5059 1038 4065 4800 1000 23% 20% 603 684 18% 18% 2400 500 15% 10% . s . s 0R 0R 0% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 PAT & PAT margin EPS (on ex-bonus basis) 1050 30% 73 793 793 59 59 711 718 53 54 700 20% 18% 18% 15% 15% 30 350e 14% 10% 0 0% 0R FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 www.alimtiaz.com Operational & Financial Performance Particulars Q1 FY27 Q4 FY26 Q1 FY26 FY26 FY25 Seamless ERW Seamless ERW Seamless ERW Seamless ERW Seamless ERW Production (kMT)* 97 19 113 33 109 22 422 96 442 91 Sales (kMT) 96 20 112 30 103 20 419 92 442 90 EBITDA (Rs. Cr) 151 2 173 34 126 19 527 62 720 89 EBITDA/tonne (Rs.) 15,660 1,080 15,446 11,258 12,278 9,377 12,591 6,707 16,288 9,897 *Decline in production in Q1 FY27 was on account of temporary disruption in gas supply caused by the war. www.alimtiaz.com EBIDTA Mix – Maharashtra Seamless Q1 FY27 Q4 FY26 Rs. crore 14 14 Total Total Seamless EBIDTA - 184 EBIDTA - 239 Renewable Energy Q1 FY26 FY26 6 25 Rig 18 70 Total Total EBIDTA - 169 EBIDTA - 684 126 527 www.alimtiaz.com Key Balance Sheet Items Unquoted Equity/Preference Share investments & ICDs given Rs. crore Particulars June 26 March 26 March 25 Preference / Equity ICD Equity ICD Equity Related Parties Jindal Premium Connections 4 14 4 10 4 5 MSL Finance 3 - 3 - 3 - Maharashtra Seamless (Singapore) 17 - 17 - 17 215 Jindal Pipes (Singapore) 22 - 22 - 22 - MSL Seamless Tubes Ltd. 0.05 - - - - - United Seamless Ltd. 0.05 - - - - - ICDs Unrelated Parties - - - - - - Total 46.10 14 46 10 46 220 www.alimtiaz.com Key Balance Sheet Items Liquid investments Rs. crore •Investments in bonds are sub-divided Particulars June 26 March 26 March 25 into tax free bonds, perpetual bonds Long duration and corporate bonds. Bonds & NCD 303 338 638 •The investment in bonds because of Corporate Deposits (LIC & ICICI) 20 20 20 inherent risk and yield advantage was made to be held to maturity. Listed Equity Investments - - 16 (A) 323 358 674 •Investments in equity mutual funds Short duration are in large cap, multi cap, index and Mutual Funds 3462 3423 1901 hybrid schemes. Fixed Deposits (SBI & HDFC) 4 4 16 •Investments in other mutual fund schemes are bond funds, gold and Cash & Bank Balances 59 75 39 silver. (B) 3525 3502 1956 •Investments in liquid schemes of mutual funds and in fixed deposits Total liquid investments (A) + (B) 3848 3860 2630 are undertaken to maintain liquidity. www.alimtiaz.com Key Balance Sheet Items Borrowings – Gross & Net Debt Rs. crore Particulars June 26 March 26 March 25 Loan for capex 10 10 - Gross Debt (A) 10 10 - Less: Liquid investments (refer slide 11) (3848) (3860) (2630) ICDs – unrelated parties (refer slide 10) - - - Liquidity available (B) (3848) (3860) (2630) •Net cash position continues to Net Debt / (Cash) (A) + (B) (3838) (3850) (2630) improve. www.alimtiaz.com Key Balance Sheet Items Corporate Guarantees Rs. crore Particulars June 26 March 26 March 25 Corporate Guarantees NIL NIL NIL •No corporate guarantees outstanding from 31 March 2024 onwards. www.alimtiaz.com Capital Allocation Industry and Market Trends Estimated annual Sl. Particulars Rs. crore Location turnover increase 1 Heat treatment, finishing facilities & EMI for capacity enhancement 184 Narketpally By Rs. 800 crores 2 Solar plant (captive) to enhance annual cost savings by Rs. 20 crore 80 (USTPL) 3 Complet [Showing first 8,000 characters — download PDF for full document]