Asian Energy Services Limited reported net profit for the quarter ended 31 December 2025 rose 117 per cent year-on-year to Rs 175 million (mn) as strong project execution and improved operational efficiency boosted results. The quarter represented the first full period of revenue consolidation from Kuiper, which expanded the company’s scale and capabilities. Management also reported the successful drilling of the NM-01 well to 1,650 m depth in the Mewad block in Gujarat and an oil discovery that strengthens upstream presence and production visibility.

Operating revenue for the quarter rose to Rs 2,354 mn from Rs 917 mn a year earlier and Rs 1,020 mn in the prior quarter, a rise of 157 per cent year-on-year and 131 per cent quarter-on-quarter. EBITDA increased to Rs 283 mn from Rs 147 mn and Rs 91 mn in the previous quarter, reflecting better execution and a higher share of annuity revenue. Profit after tax stood at Rs 175 mn versus Rs 81 mn in the corresponding period last year.

For the nine months to 31 December 2025 operating revenue was Rs 4,528 mn, up from Rs 2,496 mn a year earlier, an increase of 81 per cent. EBITDA for the nine months totalled Rs 493 mn compared with Rs 387 mn in the prior year, while adjusted profit after tax rose to Rs 257 mn from Rs 196 mn, an increase of 31 per cent. The results were described as reflecting disciplined growth, cost optimisation and rising contribution from long-term operations and maintenance contracts.

The standalone order book was Rs 18.93 billion (bn) as of 31 December 2025, giving multi-year revenue visibility across seismic services, integrated O&M, mining infrastructure and energy services. The company said Kuiper strengthened international O&M capabilities in the Middle East and Southeast Asia and that management remained confident of meeting guidance, while a reverse merger with Oilmax Energy awaits stock exchange approvals and is likely to complete in Q3FY27.