ABS Marine Services Limited
Founded in October 1992, ABS Marine Services Limited is specialized in Ship Management, Vessel Ownership, Marine Services, and Project Management
What ABS files
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- Insider Trade27
- Important15
- Updates12
- Investor Meet10
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ABS Marine Services has clarified that there are no pending announcements, material events, or developments driving recent stock price movements. Operations remain normal, and management confirms full compliance with timely disclosures for any future price-sensitive updates.
ABS Marine's CRISIL credit ratings upgraded to A-/Stable (long-term) and A2+ (short-term), signaling strong operational and financial performance. This development boosted total bank loan facilities to ₹505.50 Cr from ₹370.50 Cr, enhancing financial flexibility.
ABS Marine Services won a 5-year offshore support vessel contract for MV ARTEMIS, valued at ~₹126.12 Cr. With Hardy Exploration and ONGC as clients, this enhances revenue visibility and reinforces the company's position in offshore E&P, with extension potential.
ABS Marine Services reported robust full-year results: Total Income ₹322.64 Cr (+75%), EBITDA ₹152.55 Cr (+179%), and PAT ₹80.80 Cr (+196%). EBITDA margin significantly improved 1763 Bps. Operational strength boosted by MPSV acquisition and OSV HADES induction, enhancing offshore capabilities and revenue visibility.
ABS Marine acquired an Offshore Support/Supply Vessel (MPSV), joining its fleet in Q1 FY27. This expands owned assets, enhances offshore capabilities, and improves operational efficiency. The move aligns with India's push for energy security, positioning the company for higher-value assignments.