How has been the historical performance of the Aban Offshore?
Aban Offshore's historical performance has been volatile, with net sales increasing to Rs 475.66 crore in March 2025 from previous years, but the company still reported significant losses of Rs -889.22 crore after tax. Despite improvements in operating profit, ongoing liquidity challenges and substantial liabilities remain a concern.
Answer:The historical performance of Aban Offshore has shown significant fluctuations over the years, particularly in terms of revenue and profitability. Breakdown:
In the fiscal year ending March 2025, Aban Offshore reported net sales of Rs 475.66 crore, an increase from Rs 399.67 crore in March 2024 and Rs 396.73 crore in March 2023, but a decline from Rs 598.34 crore in March 2022 and Rs 1,069.47 crore in March 2021. The total operating income followed a similar trend, reaching Rs 475.66 crore in March 2025, while total expenditure decreased to Rs 303.59 crore from Rs 554.10 crore in March 2024. This led to an operating profit (PBDIT) of Rs 364.39 crore in March 2025, a significant recovery from the losses of previous years. Despite this, the company continued to face challenges, with a profit before tax of Rs -864.38 crore and a profit after tax of Rs -889.22 crore in March 2025, although these figures represented improvements compared to the losses of Rs -1,295.57 crore and Rs -1,316.26 crore in March 2024. The total liabilities decreased to Rs 1,472.37 crore in March 2024 from Rs 1,680.35 crore in March 2023, while total assets also fell to Rs 1,472.37 crore in March 2024. Cash flow from operating activities was negative at Rs -72 crore in March 2024, indicating ongoing liquidity challenges. Overall, while there are signs of recovery in sales and operating profit, the company continues to grapple with substantial losses and a challenging financial landscape.
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