Aban Offshore Q2 FY26 results: losses under CIRP, going concern flagged

Aban Offshore filed Q2 and H1 FY26 results while under insolvency resolution (CIRP admitted Sept 1, 2025 by NCLT). Standalone revenue fell to INR 558.79 mn from INR 857.96 mn YoY. Standalone swung to a net loss of INR 59.18 mn from a profit of INR 1,697.95 mn. Net worth is deeply negative at about minus INR 10,000 mn. Auditor flagged material going concern uncertainty, issued a qualified opinion on standalone results and a disclaimer on consolidated results due to missing bank confirmations. Company defaulted on term loan repayments.