Date: 13th August, 2026

Financial Performance Summary

Asian Energy Services Limited reported strong financial results for the first quarter of FY27 (ended 30th June, 2026).

Revenue: Rs 271.2 crore, representing a 135% year-on-year (YoY) increase.

EBITDA: Rs 21.9 crore, representing an 81% year-on-year (YoY) increase.

Profit After Tax (PAT): Rs 12.8 crore, representing a 129% year-on-year (YoY) increase.

The performance was attributed to continued momentum across the services business, disciplined execution, and contributions from both domestic and international operations.

Order Book and Business Updates

Order Book: As of June 30, 2026, the company's standalone order book stood at ₹1,754 crore. This order book is composed of approximately 60% from Oil & Gas services and approximately 40% from Mineral services.

Merger Update: Shareholder approval has been received for the merger with Oilmax Energy Private Limited. The merger is expected to be completed by September/October 2026.

Business Expansion: The group continues to expand its asset portfolio and has been declared the preferred bidder for an offshore block and a critical mineral mine.

Management Commentary

Dr. Kapil Garg, Managing Director: Commented that the company commenced FY27 on a strong footing with focused execution. He stated that the Oilmax merger is an important step towards strengthening the integrated energy platform. He highlighted growth opportunities stemming from government initiatives and policy reforms such as Samudra Manthan, the ORDA Act, and the Critical Minerals Mission, which focus on domestic energy security.

Mr. Sumit Maheshwari, GROUP CFO: Confirmed strong execution across all verticals despite a volatile situation in the Middle East. He reiterated the company's confidence in achieving its FY27 guidance for both Asian Energy Services and Kuiper. He emphasized that the robust order book and bid pipeline provide strong visibility for future revenues.

Guidance and Outlook

The FY27 guidance for both Asian Energy Services and Kuiper remains unchanged. The company is on track to achieve its growth targets.

Company Overview

Asian Energy Services Limited (AESL) is an integrated energy and mining services provider. Its service offerings comprise:

  • Integrated Oil & Gas services (2D/3D Seismic Geographical Data Acquisition, Operations and Maintenance of Onshore/Offshore production facilities, production enhancement services)
  • Mining services (supply and installation of Material Handling Plants and Rapid Loading Systems)

Oilmax Energy Private Limited (OEPL) is an unlisted private company and holds 55.99% of the shareholding in AESL. OEPL is engaged in the exploration, development, and production of oil & gas assets and has a diversified portfolio of onshore oil and gas assets.