Aban Offshore's Q2 FY 2025-26 Quarterly Results

Result Summary

• Aban Offshore Ltd reported a 7.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 60.6%.
• Its expenses for the quarter were up by 10.5% QoQ and 4.5% YoY.
• The net profit increased 21.6% QoQ and increased 166.6% YoY.
• The earnings per share (EPS) of Aban Offshore Ltd declined at 52.68 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Aban Offshore Ltd is a leading offshore drilling services company based in India. The company primarily operates in the oil and gas industry, providing drilling services for both offshore and onshore projects. Aban Offshore Ltd owns and operates a fleet of offshore drilling rigs, which includes jack-up rigs and floating production units. These services are essential for oil and gas exploration and production activities. As of the latest available data, there are no significant new developments or changes in the company's business model. However, the performance and demand for its services may be influenced by various macroeconomic and industry-specific factors such as oil prices and exploration activity levels.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Aban Offshore Ltd reported a total income of ₹107.63 crores. This represents a decrease of 7.4% compared to the previous quarter (Q1FY26), where the total income was ₹116.24 crores. Year-over-year (YoY), there was a significant decline of 60.6% in total income compared to ₹273.38 crores in the second quarter of the fiscal year 2025 (Q2FY25). These changes reflect the company's revenue-generating capabilities in the respective quarters and may be indicative of the challenges faced within the industry during this period.

Profitability

Aban Offshore Ltd's profitability metrics for Q2FY26 show a loss, with the company reporting a profit before tax of -₹293.07 crores. This marks an increase in the loss by 18.9% from the previous quarter (Q1FY26) where the loss was -₹246.41 crores. Compared to Q2FY25, where the loss was -₹110.04 crores, there was an increase in the loss by 166.3% YoY. The profit after tax for Q2FY26 was reported as -₹307.44 crores, indicating a 21.6% increase in the loss QoQ from -₹252.81 crores in Q1FY26, and a 166.6% increase YoY from -₹115.31 crores in Q2FY25. The earnings per share for Q2FY26 were -₹52.68, compared to -₹43.32 in Q1FY26 and -₹19.76 in Q2FY25, reflecting the overall financial performance of the company during these periods.

Operating Metrics

The total expenses for Aban Offshore Ltd in Q2FY26 amounted to ₹400.70 crores, which represents a 10.5% increase from the previous quarter's expenses of ₹362.65 crores. Year-over-year, total expenses increased by 4.5% from ₹383.43 crores in Q2FY25. The tax expense for Q2FY26 was ₹14.37 crores, showing a substantial increase of 124.5% QoQ from ₹6.40 crores in Q1FY26, and a 177.4% increase YoY from ₹5.18 crores in Q2FY25. These metrics provide insight into the company's cost management and fiscal responsibilities during the analyzed periods. The variations in these expenses can be linked to operational activities and external economic conditions affecting the company during this time frame.