MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- ABAN OFFSHORE
- ABAN OFFSHORE Announces Quarterly Results (2QFY19); Net Profit Down 38.7%
ABAN OFFSHORE Announces Quarterly Results (2QFY19); Net Profit Down 38.7%
Mon, 12 Nov
ABAN OFFSHORE has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:
ABAN OFFSHORE Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-17* | 3 Jun-18* | 3 Sep-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 3,292 | 2,953 | 2,198 | -25.6% | -33.2% |
| Other income | Rs m | 17 | 480 | 638 | 33.0% | 3630.7% |
| Turnover | Rs m | 3,309 | 3,433 | 2,836 | -17.4% | -14.3% |
| Expenses | Rs m | 1,546 | 2,059 | 1,985 | -3.6% | 28.4% |
| Gross profit | Rs m | 1,746 | 895 | 175 | -80.5% | -90.0% |
| Depreciation | Rs m | 1,655 | 1,652 | 1,717 | 4.0% | 3.8% |
| Interest | Rs m | 2,711 | 2,694 | 2,835 | 5.2% | 4.6% |
| Profit before tax | Rs m | -2,603 | -2,972 | -3,739 | ||
| Tax | Rs m | 174 | 156 | 114 | -26.8% | -34.4% |
| Profit after tax | Rs m | -2,777 | -3,128 | -3,853 | ||
| Gross profit margin | % | 53.0 | 30.3 | 8.0 | ||
| Effective tax rate | % | -6.7 | -5.2 | -3.1 | ||
| Net profit margin | % | -83.9 | -91.1 | -135.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter fell 33.2% on a year-on-year (YoY) basis. The expenses were up by 28.4% YoY during the same period.
- The company's operating profit declined by 90.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.0% in 2QFY19 as against 53.0% in 2QFY18.
- Depreciation charges increased by 3.8% and finance costs increased by 4.6% YoY, respectively.
- Other income increased by 3630.7% YoY during the quarter.
- Net profit for the quarter declined by 38.7% YoY. Net profit margins during the quarter declined from -83.9% in 2QFY18 to -135.9% in 2QFY19.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter fell 25.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.6% QoQ during the same period.
- The company's operating profit declined by 80.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.0% in 2QFY19 as against 30.3% in 1QFY18.
- Net profit for the quarter declined by 23.2% QoQ, while net profit margins declined from -91.1% in 1QFY18 to -135.9% in 2QFY19.
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 201.2 to Rs 81.2, registering a Loss of Rs 120.0 or around 59.6%.
Overall, the S&P BSE SENSEX is up 5.8% over the year.
Current Valuations
At the current price of Rs 81.2, the price to book value (P/BV) ratio of ABAN OFFSHORE stands at 0.1 times.
|
| |
Related Views on News
ABAN OFFSHORE Announces Quarterly Results (1QFY20); Net Profit Down 23.5% (Quarterly Result Update)
Aug 16, 2019 | Updated on Aug 16, 2019For the quarter ended June 2019, ABAN OFFSHORE has posted a net profit of Rs 4 bn (down 23.5% YoY). Sales on the other hand came in at Rs 1 bn (down 53.7% YoY). Read on for a complete analysis of ABAN OFFSHORE's quarterly results.
ABAN OFFSHORE Announces Quarterly Results (4QFY19); Net Profit Down 131.9% (Quarterly Result Update)
Jun 10, 2019 | Updated on Jun 10, 2019For 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, 2019Here'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.
More Views on NewsMost Popular
Use My Secret to Increase Your Trading Profits Today
Dec 10, 2019What to do after every trade.
How We Made 14.64% Trading Profit in Just 2 Days
Dec 12, 2019A high probability trade that worked to perfection for my subscribers.
Blue Chips Are Passe. Get into these Stocks for Outstanding Gains in 2020(Profit Hunter)
Dec 5, 2019This corner of the market could provide more returns than blue chips in 2020.
Make the Most of the Smallcap Rebound with These Stocks(Profit Hunter)
Dec 3, 2019Even amid a gloomy economic scenario, there are smallcaps that have grown earnings over last one and a half year and I believe these could be the strongest candidates for a smallcap rebound.
What Is the IPO Euphoria Signaling Us About the Markets?(The 5 Minute Wrapup)
Dec 2, 20192019 will be remembered as the year of great money-making IPOs...
More|
| |
ABAN OFFSHORE SHARE PRICE
Dec 13, 2019 (Close)
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
MORE ON ABAN OFFSHORE
ABAN OFFSHORE 5-YR ANALYSIS
COMPARE ABAN OFFSHORE WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
FOLLOW
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "ABAN OFFSHORE Announces Quarterly Results (2QFY19); Net Profit Down 38.7%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!