Aban Offshore announced a sharp drop in consolidated net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 11.35% to Rs 1,353.56 million from Rs 1,526.92 million in the same quarter previous year.
Revenues for the quarter declined marginally 4.50% to Rs 9,815.41 million, compared with Rs 10,277.81 million for the prior year period.
Operating margin for the quarter stood at 43.26 percent as compared to 44.46 percent for the previous year period. Operating Income for the quarter was Rs 4,245.85 million, compared with Rs 4569.99 million in the previous year period.
Earnings per share for the quarter stood at Rs 23.19, registering 31.79% decline over previous year period.
Quarterly Results - Consolidated (Rs in mn) |
As at | Jun - 15 | Jun - 14 | %Change |
Revenues | 9,815.41 | 10,277.81 | (4.50) |
Net Profit | 1,353.56 | 1,526.92 | (11.35) |
Diluted EPS | 23.19 | 34.00 | (31.79) |
Shares of the company gained Rs 3.5, or 1.16%, to trade at Rs 304.50. The total volume of shares traded was 658,769 at the BSE (3.14 p.m., Monday).