Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.

Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.

As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from mineral services. The company also secured a major order from GSECL during the quarter.

Asian Energy has received shareholder approval for its merger with Oilmax, with completion expected by September or October 2026. The company said the transaction would strengthen its integrated energy platform.

The group is also expanding its asset portfolio and has been declared the preferred bidder for an offshore block and a critical mineral mine.

Dr Kapil Garg, Managing Director, Asian Energy Services Limited, said the company had begun FY27 with focused execution across its business verticals. He added that government initiatives and policy reforms, including Samudra Manthan, the ORDA Act and the Critical Minerals Mission, were creating additional growth opportunities for the business.

Group CFO Sumit Maheshwari said the company maintained strong execution across its verticals despite volatility in the Middle East. He added that Asian Energy Services remains confident of achieving its FY27 guidance for both Asian Energy Services and Kuiper, supported by its order book and a robust bid pipeline.