Drilling services firm Aban Offshore today reported a consolidated net profit of Rs 39.26 crore for the March quarter against a consolidated net loss of Rs 93 crore in the same period previous fiscal.
Total income rose to Rs 1,020.98 crore in the fourth quarter of the past fiscal, from Rs 774 crore in the same period last year, Aban Offshore said in a filing to the Bombay Stock Exchange.
The company board has proposed a dividend of Rs 3.60 per share, or 180 per cent, on the face value of Rs 2 each to the shareholders.
For the full year ended March, it had a consolidated net profit of Rs 311 crore, down 42.48 per cent, from Rs 540.69 crore in the same year-ago period, the filing added.