ABS Marine Services Limited reported a 196.45% increase in profit after tax to ₹80.80 crore for the fiscal year ended March 31, 2026, driven by robust growth in vessel charters and fleet expansion. Total income rose 75.05% to ₹322.64 crore, while EBITDA surged 179.17% to ₹152.55 crore, expanding the margin by 1,763 basis points to 47.28%. Earnings per share stood at ₹32.59, reflecting a growth of 184.88% compared to the previous year. The audited financial results were discussed in an earnings conference call on June 03, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational Highlights

The company strengthened its asset base during H2 FY26 with the induction of the offshore support vessel Artemis, formerly known as Hades, into its owned fleet. Additionally, an Offshore Support/Supply Vessel (MPSV), referred to as Serenity, was acquired and is currently undergoing dry docking and certification processes. These additions bolster the fleet, which now includes 12 owned ships and 38 vessels under management. Management highlighted that the top 10 clients contribute approximately 90% of the revenue, with a significant portion derived from government contracts and public sector undertakings.

Financial Performance

Consolidated total income for H2 FY26 stood at ₹183.11 crore, registering a growth of 78.93% year-on-year. EBITDA for the half-year surged by 164.64% to ₹94.23 crore, with a margin of 51.46%. Profit after tax for H2 FY26 increased by 158.22% to ₹49.46 crore. Total expenditure for the full year increased to ₹170.10 crore from ₹129.67 crore in FY25, primarily due to higher operational activity. Finance costs rose significantly to ₹30.86 crore in FY26 from ₹5.56 crore in the prior year. The cash flow from operations improved to ₹167.62 crore for the fiscal year.

Key Metrics and Ratios

The company’s net cash flow for FY26 was negative at ₹3.09 crore, influenced by heavy investing activities. The debt-to-equity ratio stood at 13.49, and the book value per share was ₹126.71. As of June 02, 2026, the company’s share price was ₹283.00, with a market capitalization of ₹694.76 crore.

Management Commentary

The earnings call featured Captain PB Narayanan, Chairman & Managing Director, Ms. Arathi Narayanan, Director, and Mr. V.V Anantha Narayanan, Chief Financial Officer. Management expressed optimism regarding opportunities in the offshore and maritime sectors, citing initiatives such as the Maritime India Vision 2030 and favorable demand-supply dynamics. For FY27, the company provided a conservative revenue growth guidance of 10%, assuming all vessels will be operational in the second half, and expects EBITDA margins to remain in the band of 45% to 50%.

abs marine services has announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 21, 2026. The statutory auditors, M/s. NC Rajagopal & Co, issued an unmodified opinion on the financial statements. The company has complied with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by publishing advertisement clippings of the audited financial results in Makkal Kural on May 22, 2026, and Financial Express on May 23, 2026.

Consolidated Financial Performance

For the financial year 2025-26, the company reported a consolidated net profit of ₹8,079.55 lakh (₹80.80 crore), a substantial increase of 196.45% from ₹2,725.43 lakh in the previous year. Total income rose to ₹32,264.48 lakh (₹322.64 crore), driven by revenue from operations which grew to ₹31,912.81 lakh from ₹17,985.21 lakh in FY25. Total expenses for the year were recorded at ₹23,628.60 lakh.

The company’s basic and diluted earnings per share (EPS) for the year stood at 32.59, compared to 11.44 in the prior year. For the half-year ended March 31, 2026, the net profit was ₹4,946.39 lakh with revenue from operations at ₹18,309.14 lakh.

Operational Highlights and Margin Expansion

The company reported a significant improvement in profitability metrics, with the EBITDA margin expanding by 1,763 basis points to 47.28% in FY26. For H2 FY26, the EBITDA margin stood at 51.46%, an increase of 1,667 basis points year-on-year. Captain P.B. Narayanan, Managing Director, attributed the growth to the continuous expansion of the asset base and increasing contribution from the owned fleet.

Operational highlights include the successful induction of the Offshore Support Vessel “HADES” into its owned fleet, which strengthens its vessel ownership portfolio and enhances long-term revenue visibility. Additionally, the company marked the delivery of an Offshore Support/Supply Vessel (MPSV) in Q1 FY27, further bolstering its offshore capabilities.

Standalone Financial Results

On a standalone basis, ABS Marine Services reported a net profit of ₹7,804.23 lakh for FY26, up from ₹2,672.35 lakh in FY25. Revenue from operations for the year increased to ₹32,451.29 lakh from ₹17,135.56 lakh in the corresponding previous period. Total expenses amounted to ₹24,541.54 lakh for the year.

The standalone basic and diluted EPS for the year was recorded at 31.79, compared to 11.26 in the previous year. For the half-year ended March 31, 2026, the standalone net profit was ₹4,741.76 lakh.

Financial Position and Cash Flows

The company’s consolidated total assets as of March 31, 2026, stood at ₹74,170.15 lakh, compared to ₹43,227.32 lakh a year ago. Shareholders' funds increased to ₹31,108.33 lakh from ₹23,044.78 lakh. The closing cash and cash equivalents for the year were reported at ₹113.27 lakh.

On the standalone front, total assets grew to ₹70,863.55 lakh from ₹39,645.41 lakh in the previous year. Shareholders' funds rose to ₹31,481.81 lakh from ₹23,677.58 lakh. The net cash flow from operating activities for the standalone entity was ₹14,711.73 lakh for the year.

Key Financial Metrics (Consolidated)