Aban Offshore FY26 results: revenue down 35% amid CIRP

Why Aban Offshore’s latest numbers matter

Aban Offshore Limited, an offshore drilling and production services provider to oil and gas clients in India and overseas, has reported fresh financial data covering FY26 and the March 2026 quarter. The disclosures come alongside repeated exchange updates on delays and rescheduling around audited results, with the company stating it is undergoing a Corporate Insolvency Resolution Process (CIRP). For investors tracking stressed industrial names, the combination of a volatile quarterly profit line, lower full-year revenue, and process-related reporting delays has remained the central theme.

The figures cited across the provided disclosures include full-year revenue and loss numbers for FY26 and FY25, as well as quarterly metrics for March 2026 and the immediately preceding quarter. The dataset also includes an “EPS (TTM)” figure, a latest-quarter EPS figure, and revenue movement versus the previous quarter.

Stock snapshot and trading reference points

Aban Offshore’s share price was reported at ₹14.02 as of 23 Sep 2026. Another data point shows the stock at ₹14 on 25 Sep 2026 at 3:02 pm IST.

The identifiers listed include ABAN on the NSE, 523204 on the BSE, and ISIN INE421A01028.

Latest reported quarter: revenue up, profit down sharply

For the latest quarter, the company reported revenue (sales) of ₹99.115 crore, net income of ₹1.803 crore, and EPS of ₹0.31. The same dataset states the company’s revenue moved from ₹91.308 crore in the previous quarter to ₹99.115 crore in the latest quarter. Net income, however, moved from ₹29.557 crore in the previous quarter to ₹1.803 crore in the latest quarter.

Separately, a quarterly highlights section for March 2026 states revenue of ₹109.12 crore versus ₹99.74 crore in Dec 2025, an increase of 9.40% QoQ. It also reports operating profit of ₹6.61 crore versus ₹21.69 crore in Dec 2025, a decline of 69.53% QoQ, and profit of ₹1.02 crore versus ₹29.59 crore in Dec 2025, a decline of 96.55% QoQ.

The disclosures also state Aban Offshore’s net income for the latest quarter was 18.03 (₹1.803 crore when expressed in crores) and that revenue per share for the latest quarter was 246.21.

FY26 vs FY25: revenue lower, losses narrower

The FY26 numbers cited show revenue of ₹432.71 crore versus ₹667.98 crore in FY25, a decline of 35.22% year-on-year. On operating performance, Aban Offshore reported an operating loss of ₹511.17 crore in FY26 versus ₹864.38 crore in FY25, described as an “increase” of 40.86% year-on-year in the dataset (the absolute loss reduced).

Net profit remained negative, with a net loss of ₹529.65 crore in FY26 versus a net loss of ₹889.22 crore in FY25, described as an “increase” of 40.44% on a yearly basis (again reflecting a smaller loss in absolute terms).

These full-year numbers point to a weaker revenue base versus FY25, but with lower operating and net losses compared with the prior year.

Consolidated quarterly trail: sales and operating profit line

The consolidated quarterly table provided lists “Sales +” and “Operating Profit” across periods from Sep 2023 to Dec 2025 (and additional quarterly lines elsewhere that include Mar 2026 values). The figures show sales rising into early 2024 and then moderating through 2025, with operating profit turning positive from Jun 2024 onward in the listed series.

The broader quarterly-results table (consolidated figures in Rs. crores) includes revenue values such as 104.77 crore (Sep 2025), 91.31 crore (Dec 2025), and 99.12 crore (Mar 2026), aligning closely with the separate “991.15 million INR” revenue number for the latest quarter.

Key numbers at a glance

EPS and profitability: multiple figures disclosed

The dataset states “EPS / Forecast: 0.31 / --” with a “Latest Release” date of Aug 14, 2026. It also states: “The Aban Offshore EPS (TTM) is -90.63.”

In the quarterly highlights section, however, the EPS for Mar 2026 is listed as ₹152.40. The provided information does not reconcile these EPS figures, but both values appear in the sourced text and reflect the varied metrics being circulated across data summaries.

CIRP and financial-results timing: what the company has disclosed

Several lines in the provided text refer to delays and procedural updates. These include a “Clarification regarding delay in disclosure of Outcome of Board Meeting,” and an “AUDITED FINANCIAL FOR THE QUARTER AND YEAR ENDED 31ST MARCH 2026” item dated 13 Aug 2026 (05:09 PM). The text also states that Aban Offshore filed audited FY26 standalone and consolidated results with an auditor disclaimer and CIRP status.

Another note says the company explained a June 30, 2026 results delay due to CIRP and expected filing in “2-3 working days.” There is also an “Intimation regarding cancellation of submission of Audited financial results for the quarter/year ended March 2026 on 28th May, 2026,” alongside references to scheduled board meetings for considering and approving results, including meeting dates such as 28/05/2026.

Business profile and historical dividend reference

Aban Offshore Limited, along with subsidiaries, provides offshore drilling and production services for exploration, development, and production of oil and gas in India and internationally. A separate company description also mentions activities spanning exploratory services, drilling services, production of hydrocarbons, and manning and management, along with mention of wind energy.

The dataset includes a historical dividend reference: for the quarter ending March 2015, Aban Offshore declared a dividend of ₹3.60 per share on 27 May 2015, translating to a dividend yield of 51.36% (as stated in the text).

What investors typically track from here

Based on the disclosures provided, near-term attention remains on (1) the cadence and completeness of financial filings during CIRP, (2) quarterly revenue stability around the ₹90-₹110 crore band shown in the tables for late FY25 and Mar 2026, and (3) the sharp swing in quarterly net income from the previous quarter to the latest quarter as stated in the dataset.

Any further movement is likely to hinge on subsequent exchange filings on financial results approvals, audited statements, and CIRP-related updates that the company has already indicated are influencing timelines.

Conclusion

Aban Offshore’s latest disclosures show FY26 revenue down to ₹432.71 crore from ₹667.98 crore in FY25, while losses narrowed in absolute terms. Quarterly revenue improved sequentially in the latest period, but net profit fell sharply versus the prior quarter in the cited figures. The company’s ongoing CIRP and repeated updates on audited-results timing remain central to how the market interprets each new filing and announcement.