Aban Offshore Q1 net at Rs 89 cr

Total income rose marginally to Rs 259 cr

Aban Offshore Ltd has posted a net profit of Rs 88.93 crore for the quarter ended June 30, 2016 as compared to Rs 45.73 crore for the quarter ended June 30, 2015.

Total Income has increased from Rs 250.52 crore for the quarter ended June 30, 2015 to Rs 259.32 crore for the quarter ended June 30, 2016.

The Group has posted a net loss after minority interest and share of loss of associates of Rs (181.75) crore for the quarter ended June 30, 2016 as compared to net profit of Rs 59.31 crore for the quarter ended June 30, 2015.

Total Income has decreased from Rs 989.45 crore for the quarter ended June 30, 2015 to Rs 481.18 crore for the quarter ended June 30, 2016.