During Wednesday’s session, shares of this micro-cap company in the business of chartering offshore support vessels moved up by 10 percent on BSE. This article will explore the reason behind this surge in its stock price.
With a market cap of Rs. 271 crores, the shares of Global Offshore Services Limited closed in the green at Rs. 103.05, up by nearly 8.5 percent, as against its previous closing price of Rs. 94.94. The stock has delivered multibagger returns of about 131 percent in one year, and has gained nearly 24 percent in the last one month.
What’s the News
As per the latest regulatory filings with the BSE, Global Offshore Services Limited has announced the acquisition of a new DP2, FIFI1 Anchor Handling Tug cum Supply Vessel (AHTSV). This addition marks a strategic step in expanding the company’s fleet and boosting its offshore support capabilities.
In its official statement, the company noted that the acquisition is part of its broader strategy to reinforce its presence in the offshore logistics and maritime services sector. The newly added vessel is expected to play a key role in anchor handling, supply deliveries, and emergency response operations for offshore oil rigs and platforms.
Equipped with advanced Dynamic Positioning (DP2) technology and Firefighting Capability 1 (FIFI1), the vessel offers superior manoeuvrability and enhanced safety features, making it suitable for high-demand offshore operations.
Financials & More
The revenue from operations of Global Offshore stood at Rs. 9 crores in Q4 FY25, rising by 16 percent YoY from Rs. 7.73 crores in Q4 FY24, but the net profit declined from a profit of Rs. 49 crores to a loss of Rs. 2 crores, during the same period.
Global Offshore Services Limited is engaged in the business of owning, operating and chartering offshore support vessels. It is engaged in providing offshore support services to exploration and production Companies. The company’s vessels support oil and gas exploration activities as well as offshore projects.
Written by Shivani Singh
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