ABS Marine Services Limited — Updates, 28-05-2025: Press Release
28-05-2025 | 08:49 pm
28-05-2025 | 08:49 pm
ABS Marine Services posted a strong H2 with net profit up 178% HoH to ₹19.66 Cr on a 39% rise in income. EBITDA margin jumped over 10 percentage points, boosted by contract renewals and competitive fleet rates. The company secured ₹350+ Cr in long-term charters, including a ₹10.23 Cr patrol boat deal with Chennai Port. Fleet expanded with new DP2 offshore vessels Ocean Diamond and EMERALD, strengthening earnings visibility into FY26. New port service tie-ups and offshore infrastructure demand support diversified growth.
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