Aug 14: Asian Energy Services Limited, an integrated energy and mining services provider, reported a strong start to FY27, with Q1 FY27 revenue increasing 135 percentage year-on-year and net profit rising 129 percentage year-on-year. The performance was driven by continued momentum across the services business, disciplined execution and contributions from domestic and international operations.
Q1 FY27 Performance Highlights
- Revenue stood at Rs 271.2 crore, up 135% year-on-year.
- EBITDA increased 81% year-on-year to Rs 21.9 crore.
- Profit After Tax rose 129% year-on-year to Rs 12.8 crore.
- The company remains on track to achieve its FY27 guidance for both Asian Energy Services and Kuiper.
- The company had a strong order book of Rs 1,754 crore as of June 30, 2026, providing multi-year revenue visibility.
Order Book and Business Updates
As of June 30, 2026, Asian Energy Services' standalone order book stood at Rs 1,754 crore, with approximately 60% contributed by Oil & Gas services and 40% by Mineral services.
The company continues to expand its asset portfolio and has been declared the preferred bidder for an offshore block and a critical mineral mine.
Shareholders have also approved the proposed merger with Oilmax. The merger is expected to be completed by September/October 2026.
The company remains positioned to benefit from India's increasing focus on domestic oil and gas production and mineral production.
Dr. Kapil Garg, Managing Director, Asian Energy Services Limited, said,
“We have commenced FY27 on a strong footing, marked by focused execution across our business verticals. The shareholders’ approval for the Oilmax merger represents an important step towards strengthening our integrated energy platform. With the Government's continued focus on domestic energy security through initiatives and policy reforms such as Samudra Manthan, ORDA Act and Critical Minerals Mission, growth opportunities in our businesses are multiplying and we are well positioned to capitalize on them and create long-term sustainable value for our stakeholders.”
Mr. Sumit Maheshwari, Group CFO, said,
“Q1 FY27 reflected continued progress across our businesses, with key milestones including securing a major order from GSECL. Business reported strong execution across all verticals despite the volatile Middle East situation. Our Q1 FY27 revenue has grown by 135%, EBITDA by 81% and Profit After Tax by 129% as compared to Q1 FY26. We remain confident of achieving our FY27 guidance for both Asian Energy Services and Kuiper. Our order book stands at Rs 1,754 crore, supported by a robust bid pipeline, providing strong visibility for future revenues.
