+
Asian Energy posts 44% rise in Q4 profit
POWER & RENEWABLE ENERGY

Asian Energy posts 44% rise in Q4 profit

Asian Energy Services Limited reported a 43.6 per cent year-on-year rise in adjusted net profit to Rs 606 million for the quarter ended 31st March 2026, supported by strong execution and operational efficiencies. Revenue was partially affected by supply-chain disruptions linked to the West Asia conflict and client-related delays.

During FY26, the company completed the Kuiper acquisition, expanding its international footprint, particularly in the Middle East. The Oilmax merger is scheduled for completion by September/October 2026, pending regulatory approvals. Advanced execution of the Vedanta integrated field development contract delivered significant cost savings and sets a precedent for future integrated projects.

The Indrora Block achieved production of ~100 BOPD from the NM-01 well, with a target of ~1,000 BOPD by FY27 through additional drilling and field development. The standalone order book stood at Rs 17,500 million as of 31st March 2026, excluding Kuiper, providing strong revenue visibility.

Dr Kapil Garg, Managing Director, said, ‘FY26 has been a landmark year, driven by Kuiper acquisition and the Oilmax merger. Despite supply chain risks, we secured major projects with Vedanta and MCL, and successfully developed new wells in Indrora. We enter FY27 with a healthy order book, robust balance sheet, and a strong growth pipeline.’

The board announced a dividend of Rs 12.5 per share, subject to shareholder approval. Sumit Maheshwari, Group CFO, added that standalone India services are expected to grow 30–40 per cent in FY27 with improved margins, while Kuiper aims for revenue of USD 60–65 million. The company remains net zero-debt, strengthened by Rs 920 million from warrants conversion, and continues to monitor developments in West Asia.

Asian Energy Services Limited reported a 43.6 per cent year-on-year rise in adjusted net profit to Rs 606 million for the quarter ended 31st March 2026, supported by strong execution and operational efficiencies. Revenue was partially affected by supply-chain disruptions linked to the West Asia conflict and client-related delays.During FY26, the company completed the Kuiper acquisition, expanding its international footprint, particularly in the Middle East. The Oilmax merger is scheduled for completion by September/October 2026, pending regulatory approvals. Advanced execution of the Vedanta integrated field development contract delivered significant cost savings and sets a precedent for future integrated projects.The Indrora Block achieved production of ~100 BOPD from the NM-01 well, with a target of ~1,000 BOPD by FY27 through additional drilling and field development. The standalone order book stood at Rs 17,500 million as of 31st March 2026, excluding Kuiper, providing strong revenue visibility.Dr Kapil Garg, Managing Director, said, ‘FY26 has been a landmark year, driven by Kuiper acquisition and the Oilmax merger. Despite supply chain risks, we secured major projects with Vedanta and MCL, and successfully developed new wells in Indrora. We enter FY27 with a healthy order book, robust balance sheet, and a strong growth pipeline.’The board announced a dividend of Rs 12.5 per share, subject to shareholder approval. Sumit Maheshwari, Group CFO, added that standalone India services are expected to grow 30–40 per cent in FY27 with improved margins, while Kuiper aims for revenue of USD 60–65 million. The company remains net zero-debt, strengthened by Rs 920 million from warrants conversion, and continues to monitor developments in West Asia.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code