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Aban Offshore Ltd Q1FY24; 30% fall in Revenue.

Aban Offshore Limited is engaged in the business of providing offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas both in domestic and international markets. It is also engaged in the ownership and operation of wind turbines for the generation of wind power through its subsidiary in India.

Financial Results:

Aban Offshore Ltd reported Revenues for Q1FY24 of ₹105.00 Crores down from ₹150.00 Crore year on year, a fall of 30.0%.

Total Expenses for Q1FY24 of ₹444.00 Crores down from ₹454.00 Crores year on year, a fall of 2.2%.

Consolidated Net Profit of -₹333.00 Crores from -₹213.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹57.10, from -₹36.47 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Oil & Gas
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