Offshore drilling contractor Aban Offshore has reported a net loss of Rs 88.7 crore for the quarter ended December weighed down by lower income.
The company had reported a consolidated net profit of Rs 129.98 crore in the same quarter of the previous fiscal, the company said in a filing to the Bombay Stock Exchange.
During the quarter under review, total income of the company declined 27.4 per cent to Rs 737.44 crore from Rs 1,016.45 crore in the same period last fiscal.
Meanwhile, shares of the company were trading at Rs 180.85 apiece, down 4.98 per cent from the previous close at 14:50 hours on BSE.