ABAN OFFSHORE Announces Quarterly Results (1QFY20); Net Profit Down 23.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ABAN OFFSHORE Announces Quarterly Results (1QFY20); Net Profit Down 23.5%
Fri, 16 Aug

ABAN OFFSHORE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

ABAN OFFSHORE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,9531,3891,368-1.5%-53.7%
Other incomeRs m480317419.0%-96.5%
TurnoverRs m3,4331,3921,385-0.5%-59.7%
ExpensesRs m2,05937,8741,402-96.3%-31.9%
Gross profitRs m895-36,485-34-103.8%
DepreciationRs m1,6521,6461,354-17.7%-18.0%
InterestRs m2,6942,9643,0111.6%11.7%
Profit before taxRs m-2,972-41,091-4,382
TaxRs m156202-518-355.9%-432.0%
Profit after taxRs m-3,128-41,293-3,864
Gross profit margin%30.3-2,626.7-2.5
Effective tax rate%-5.2-0.511.8
Net profit margin%-91.1-2,966.1-279.1
* 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 53.7% on a year-on-year (YoY) basis. The expenses were down by 31.9% YoY during the same period.
  • The company's operating profit declined by 103.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 1QFY20 as against 30.3% in 1QFY19.
  • Depreciation charges declined by 18.0% and finance costs increased by 11.7% YoY, respectively.
  • Other income declined by 96.5% YoY during the quarter.
  • Net profit for the quarter declined by 23.5% YoY. Net profit margins during the quarter declined from -91.1% in 1QFY19 to -279.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 96.3% QoQ during the same period.
  • The company's operating profit increased by 99.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.5% in 1QFY20 as against 2626.7% in 4QFY19.
  • Net profit for the quarter increased by 90.6% QoQ, while net profit margins increased from -2966.5% in 4QFY19 to -279.1% in 1QFY20.

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 down from Rs 111.7 to Rs 25.2, registering a Loss of Rs 86.5 or around 77.4%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 25.2, the price to book value (P/BV) ratio of ABAN OFFSHORE stands at 7.7 times.

Equitymaster requests your view! Post a comment on "ABAN OFFSHORE Announces Quarterly Results (1QFY20); Net Profit Down 23.5%". Click here!

  

Related Views on News

ABAN OFFSHORE Announces Quarterly Results (4QFY19); Net Profit Down 131.9% (Quarterly Result Update)

Jun 10, 2019 | Updated on Jun 10, 2019

For the quarter ended March 2019, ABAN OFFSHORE has posted a net profit of Rs 41 bn (down 131.9% YoY). Sales on the other hand came in at Rs 1 bn (down 57.7% YoY). Read on for a complete analysis of ABAN OFFSHORE's quarterly results.

ABAN OFFSHORE 2017-18 Annual Report Analysis (Annual Result Update)

Mar 20, 2019 | Updated on Mar 20, 2019

Here's an analysis of the annual report of ABAN OFFSHORE for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ABAN OFFSHORE. Also includes updates on the valuation of ABAN OFFSHORE.

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

Feb 5, 2019 | Updated on Feb 5, 2019

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.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

ABAN OFFSHORE SHARE PRICE


Dec 4, 2020 01:24 PM

TRACK ABAN OFFSHORE

  • Track your investment in ABAN OFFSHORE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ABAN OFFSHORE - VARUN SHIPPING COMPARISON

COMPARE ABAN OFFSHORE WITH

MARKET STATS