Asian Energy Services Limited, a leading player in servicing the energy and mining sector, has announced its unaudited financial results for the quarter ended 30th June 2025, showcasing strong year-on-year growth across key financial metrics.

The company reported a 92 per cent year-on-year increase in revenue from operations, reaching Rs. 115.4 crore in Q1FY26, compared to Rs. 60.2 crore in Q1FY25. EBITDA rose 72 per cent year-on-year to Rs. 12.1 crore, as against Rs. 7 crore in the same quarter last year. Profit After Tax surged 173 per cent to Rs. 5.6 crore in Q1FY26, up from Rs. 2.1 crore in Q1FY25. This performance was driven by timely execution of ongoing contracts, improved resource utilization, and enhanced operational efficiencies across service lines.

Asian Energy’s order book stood at approximately Rs. 1,688 crore as of 12th August 2025, with O&M contributing 75.2 per cent, Infrastructure/CHP accounting for 19.3 per cent, and Seismic services making up 5.5 per cent. The company’s revenue mix for Q1FY26 was led by Oil & Gas at 80% and Mineral & Other Energy Services at 20 per cent.

During July, the company secured two significant contracts. The first, valued at approximately Rs. 772 crore from Vedanta Limited, is an integrated service contract for field development to be executed over 57 months. The second, worth around Rs. 46 crore from Sun Petrochemicals in Gujarat, is for 3D seismic data acquisition and processing over a 12-month period. These wins reinforce the company’s strong client relationships, trusted execution capabilities, and diversified service offerings, while also enhancing multi-year revenue visibility with a balanced mix of long-term O&M contracts and high-value project work.

The planned acquisition of Kuiper Group is in its final stages and expected to close in the coming months. This strategic move will significantly expand Asian Energy’s capabilities and geographic presence across the Middle East and Southeast Asia.

Commenting on the performance, the company stated, “FY26 has commenced on a strong footing with substantial growth in Revenue, EBITDA, and Profit After Tax on a year-on-year basis. Supported by our robust order book, a healthy financial position, and a proven execution track record, we remain confident of achieving our FY26 guidance without any changes to our stated targets.”