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ABAN OFFSHORE Announces Quarterly Results (1QFY19); Net Profit Up 44.9%

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ABAN OFFSHORE Announces Quarterly Results (1QFY19); Net Profit Up 44.9%
Fri, 3 Aug

ABAN OFFSHORE has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

ABAN OFFSHORE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m4,3323,2842,953-10.1%-31.8%
Other incomeRs m2586480457.5%1823.3%
TurnoverRs m4,3573,3703,4331.9%-21.2%
ExpensesRs m1,96614,3862,059-85.7%4.7%
Gross profitRs m2,366-11,103895-62.2%
DepreciationRs m1,6761,6471,6520.3%-1.5%
InterestRs m2,7144,6672,694-42.3%-0.7%
Profit before taxRs m-2,000-17,332-2,972
TaxRs m159472156-67.0%-1.8%
Profit after taxRs m-2,158-17,804-3,128
Gross profit margin%54.6-338.130.3
Effective tax rate%-7.9-2.7-5.2
Net profit margin%-49.5-528.4-91.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 31.8% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
  • The company's operating profit declined by 62.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.3% in 1QFY19 as against 54.6% in 1QFY18.
  • Depreciation charges and finance costs declined by 1.5% YoY and 0.7% YoY, respectively.
  • Other income increased by 1823.3% YoY during the quarter.
  • Net profit for the quarter increased by 44.9% YoY. Net profit margins during the quarter declined from -49.5% in 1QFY18 to -91.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 85.7% QoQ during the same period.
  • The company's operating profit increased by 108.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.3% in 1QFY19 as against 338.1% in 4QFY18.
  • Net profit for the quarter declined by 82.4% QoQ, while net profit margins increased from -528.3% in 4QFY18 to -91.1% in 1QFY19.

To see how ABAN OFFSHORE has performed over the last eight quarters, please visit here.

ABAN OFFSHORE Share Price Performance

Over the last one year, ABAN OFFSHORE share price has moved up from Rs 179.9 to Rs 115.3, registering a Loss of Rs 64.6 or around 35.9%.

Overall, the S&P BSE SENSEX is up 0.7% over the year.

Current Valuations

At the current price of Rs 115.3, the price to book value (P/BV) ratio of ABAN OFFSHORE stands at 0.2 times.

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ABAN OFFSHORE Announces Quarterly Results (3QFY19); Net Profit Down 34.6% (Quarterly Result Update)

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For the quarter ended December 2018, ABAN OFFSHORE has posted a net profit of Rs 4 bn (down 34.6% YoY). Sales on the other hand came in at Rs 2 bn (down 48.3% YoY). Read on for a complete analysis of ABAN OFFSHORE's quarterly results.

ABAN OFFSHORE Announces Quarterly Results (2QFY19); Net Profit Down 38.7% (Quarterly Result Update)

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For the quarter ended September 2018, ABAN OFFSHORE has posted a net profit of Rs 4 bn (down 38.7% YoY). Sales on the other hand came in at Rs 2 bn (down 33.2% YoY). Read on for a complete analysis of ABAN OFFSHORE's quarterly results.

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