Mumbai 14 August 2025:  Asian Energy Services Limited specializing in servicing the energy and mining sector, has announced unaudited financial results for the quarter ended 30th June 2025.

Performance Highlights: Q1FY26

• The company reported a 92% year-on-year increase in revenue from operations, reaching Rs 115.4 crores in Q1FY26, up from Rs 60.2 crores in Q1FY25
• EBITDA grew 72% year-on-year to Rs 12.1 crores in Q1FY26, compared to Rs 7.0 crores in Q1FY25
• Profit after tax surged 173% year-on-year to Rs 5.6 crores in Q1FY26, up from Rs 2.1 crores in Q1FY25

Key Business Highlights:

• The company secured ~ Rs 772 crores* contract for integrated service contract from Vedanta Limited and will be executed over a span of 57 months
• The company secured ~Rs 46 crore* Seismic Data Acquisition & Processing contract from Sun Petrochemicals in Gujarat, to be executed over a span of 12 months
• The total order book stands at ~ Rs 1,688 crore* led by O&M at 75.2%, Infrastructure/CHP at 19.3%, and Seismic at 5.5%
• The company is in the process of completing acquisition of Kuiper Group, broadening service offerings and expanding the Company’s international market reach

Management Commentary

“We are pleased to report that FY26 has commenced on a strong footing, with Revenue from Operations, EBITDA and Profit After Tax surging for Q1 on year-on-year basis, supported by the timely execution of ongoing contracts, improved resource utilization, and operational efficiencies across service lines.

In July, we further strengthened our business pipeline by securing two significant contracts. The first is an integrated service contract valued at ~ Rs 772 crore from Vedanta Limited for field development, and the second is a 3D seismic data acquisition and processing contract worth around Rs 46 crore from Sun Petrochemicals. These wins underscore the depth of our client relationships, the trust in our execution capabilities, and the diversity of our offerings. Together with our existing, well-diversified order book, they provide strong multi-year revenue visibility and ensure a balanced mix of long-term O&M contracts alongside high-value project work.

Our planned acquisition of Kuiper Group is in its final stages and is expected to close in the coming months. This strategic move will significantly expand our capabilities and enhance our geographic reach across the Middle East and Southeast Asia. With a strong order book, a robust financial position, and a proven execution track record, we are confident of delivering on our FY26 guidance without any changes to our stated targets.”