Aban Offshore reports Rs. 333.24 crores consolidated loss in Q1FY24

Aban Offshore Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 118.780 crores during the period ended June 30, 2023 as compared to Rs. 93.384 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -333.248 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -380.591 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -57.10 for the period ended June 30, 2023 as compared to Rs. -65.21 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 118.780 crs	₹93.384 crs	27.20%
Net Profit	₹-333.248 crs	₹-380.591 crs	12.44%
EPS	₹-57.10	₹-65.21	12.44%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 118.780 crores during the period ended June 30, 2023 as compared to Rs.242.380 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-333.248 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-212.763 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-57.10 for the period ended June 30, 2023 as compared to Rs.-36.48 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 118.780 crs	₹242.380 crs	-50.99%
Net Profit	₹-333.248 crs	₹-212.763 crs	56.63%
EPS	₹-57.10	₹-36.48	56.52%

Shares of Aban Offshore Limited was last trading in BSE at Rs. 41.34 as compared to the previous close of Rs. 41.61. The total number of shares traded during the day was 30295 in over 416 trades.

The stock hit an intraday high of Rs. 42.30 and intraday low of 41.00. The net turnover during the day was Rs. 1262816.00.

Source : Equity Bulls

Keywords

AbanOffshore Q1FY24 ResultUpdate