How has been the historical performance of Aban Offshore?

Answer:The historical performance of Aban Offshore has shown significant fluctuations over the years, particularly in revenue and profitability.

Breakdown:
Aban Offshore's net sales have decreased from 1,069.47 crore in March 2021 to 475.66 crore in March 2025, reflecting a downward trend in total operating income from 1,069.47 crore to 475.66 crore over the same period. The company's total expenditure, excluding depreciation, also declined from 2,018.24 crore in March 2021 to 303.59 crore in March 2025. Despite this reduction in costs, the operating profit (PBDIT) has remained negative, improving slightly from -7,365.18 crore in March 2020 to 364.39 crore in March 2025. However, the profit before tax has consistently been negative, with a loss of -864.38 crore in March 2025, down from -9,399.88 crore in March 2020. The net profit has also shown a similar trend, with losses narrowing from -8,971.76 crore in March 2020 to -889.22 crore in March 2025. The company's total liabilities have decreased from 13,657.30 crore in March 2019 to 1,472.37 crore in March 2024, while total assets have also reduced from 13,657.30 crore to 1,472.37 crore in the same timeframe. Cash flow from operating activities has been negative, with -72 crore in March 2024, indicating ongoing challenges in generating cash from core operations. Overall, Aban Offshore's financial performance reflects a gradual recovery from severe losses, but it continues to face significant challenges in profitability and cash flow management.