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

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 (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 ChangeYoY Change
Net SalesRs m3,2922,9532,198-25.6%-33.2%
Other incomeRs m1748063833.0%3630.7%
TurnoverRs m3,3093,4332,836-17.4%-14.3%
ExpensesRs m1,5462,0591,985-3.6%28.4%
Gross profitRs m1,746895175-80.5%-90.0%
DepreciationRs m1,6551,6521,7174.0%3.8%
InterestRs m2,7112,6942,8355.2%4.6%
Profit before taxRs m-2,603-2,972-3,739
TaxRs m174156114-26.8%-34.4%
Profit after taxRs m-2,777-3,128-3,853
Gross profit margin%53.030.38.0
Effective tax rate%-6.7-5.2-3.1
Net profit margin%-83.9-91.1-135.9
* 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 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.

Equitymaster requests your view! Post a comment on "ABAN OFFSHORE Announces Quarterly Results (2QFY19); Net Profit Down 38.7%". Click here!

  

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, 2019

For 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, 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.

More Views on News

Most Popular

Use My Secret to Increase Your Trading Profits Today

Dec 10, 2019

What to do after every trade.

How We Made 14.64% Trading Profit in Just 2 Days

Dec 12, 2019

A 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, 2019

This 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, 2019

Even 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, 2019

2019 will be remembered as the year of great money-making IPOs...

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

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

ABAN OFFSHORE 5-YR ANALYSIS

COMPARE ABAN OFFSHORE WITH

MARKET STATS