Aban Offshore has reported results for the fourth quarter and year ended March 31, 2016.
The company has posted around nine fold jump in its net profit after tax at Rs 104.89 crore for the quarter ended March 31, 2016 as compared to Rs 11.87 crore for the same quarter in the previous year. Total income of the company has increased by 57.99% at Rs 289.03 crore for quarter under review as compared to Rs 182.94 crore for the quarter ended March 31, 2015.
For the year ended March 31, 2016, the company has posted a rise of 92.93% in its net profit at Rs 367.76 crore as compared to Rs 190.62 crore for the same period in the previous year. Total income of company increased 32.30% at Rs 1082.50 crore for year under review as compared to Rs 818.22 crore for the period ended March 31, 2015.
