Aban Offshore reports standalone net loss of Rs 26.58 crore in the March 2018 quarter

Sales decline 15.29% to Rs 142.43 crore

Net Loss of Aban Offshore reported to Rs 26.58 crore in the quarter ended March 2018 as against net loss of Rs 5.35 crore during the previous quarter ended March 2017. Sales declined 15.29% to Rs 142.43 crore in the quarter ended March 2018 as against Rs 168.14 crore during the previous quarter ended March 2017.

For the full year,net profit declined 95.94% to Rs 8.57 crore in the year ended March 2018 as against Rs 211.14 crore during the previous year ended March 2017. Sales declined 33.30% to Rs 591.53 crore in the year ended March 2018 as against Rs 886.86 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales142.43168.14 -15 591.53886.86 -33 OPM %39.9949.13 -47.7164.01 - PBDT51.6362.82 -18 229.04501.02 -54 PBT12.1625.45 -52 67.87347.23 -80 NP-26.58-5.35 -397 8.57211.14 -96

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