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Login Open ICICI 3-in-1 Account

Entry Price

180.00

Target

145.00

Recommend Date

03-02-2016

Return

19.44 %

Date : 03-02-2016

Aban Offshore reported a 25.9% QoQ decline in revenue to | 733.6 crore, below our estimate of | 872.8 crore. The average revenue per rig per day declined 25.9%QoQ to | 44.3 lakh in Q3FY16, below our estimate of | 52.7 lakh • EBITDA at | 368 crore (declined 38.5%QoQ) came in below our estimate of | 478.8 crore while the EBITDA margin at 50.2% (contracted 1029 bps) also came in below our estimate of 54.9%