Aban Offshore (under CIRP) reported its financial results for the year ended March 31, 2026. Total income declined 20.5% YoY to ₹492.74 Cr, primarily from its offshore drilling segment.

While net loss improved to ₹529.65 Cr from ₹889.22 Cr last year, with EPS loss shrinking from ₹152.40 to ₹90.63, this was largely due to significant reductions in finance costs and other expenses.

Auditors issued a disclaimer of opinion due to material uncertainties, including going concern issues, unconfirmed bank balances, and asset recoverability.

The results reflect very weak financial momentum amidst significant operational and solvency challenges.