Asian Energy Q4 And FY26 Profit Rises On Execution Momentum

21 May 2026 CW Team

On a quarterly basis Q4 FY26 EBITDA was Rs 494 mn and adjusted profit rose 53.8 per cent year-on-year. Consolidated FY26 revenue grew 70.1 per cent to Rs 7.911 bn. FY26 profit after tax is reported after exceptional items totalling Rs 94 mn, comprising acquisition costs of Rs 67 mn and write-offs of Rs 21 mn. Management noted that standalone Q4 revenue was reduced by about Rs 750 mn owing to supply-chain disruptions and client-related delays.

FY26 saw the acquisition and consolidation of Kuiper, expanding the international platform in the Middle East, and progression of the proposed Oilmax merger, which is scheduled for shareholder consideration with completion expected by September or October 2026. The integrated field development contract with Vedanta advanced and delivered cost savings. The NM-01 well in the Indrora block produced 100 barrels per day and the company indicated plans to ramp production to 1,000 barrels per day by FY27. The standalone order book at 31 March 2026 stood at Rs 17.5 bn.

Management conveyed that FY26 represented a landmark year, with the group remaining net zero-debt and bolstered by receipt of Rs 920 mn from warrants conversion. The board proposed a dividend of Rs one point two five per share subject to shareholder approval. For FY27 the company set an ambition to grow its India services business by between 30 and 40 per cent and expressed optimism that Kuiper could deliver revenue in the range of USD 60 to USD 65 million while noting uncertainty in West Asia. The company said it is well capitalised to pursue growth with improved margins.

Asian Energy Services Limited reported robust results for the quarter and year ended 31 March 2026, with consolidated revenue for FY26 rising to Rs 7.911 billion (bn) and adjusted profit after tax increasing to Rs 606 million (mn). Q4 FY26 revenue reached Rs 3.382 bn while adjusted profit for the quarter was Rs 346 mn, supported by operating leverage and improved execution. FY26 earnings before interest, tax, depreciation and amortisation stood at Rs 989 mn. On a quarterly basis Q4 FY26 EBITDA was Rs 494 mn and adjusted profit rose 53.8 per cent year-on-year. Consolidated FY26 revenue grew 70.1 per cent to Rs 7.911 bn. FY26 profit after tax is reported after exceptional items totalling Rs 94 mn, comprising acquisition costs of Rs 67 mn and write-offs of Rs 21 mn. Management noted that standalone Q4 revenue was reduced by about Rs 750 mn owing to supply-chain disruptions and client-related delays. FY26 saw the acquisition and consolidation of Kuiper, expanding the international platform in the Middle East, and progression of the proposed Oilmax merger, which is scheduled for shareholder consideration with completion expected by September or October 2026. The integrated field development contract with Vedanta advanced and delivered cost savings. The NM-01 well in the Indrora block produced 100 barrels per day and the company indicated plans to ramp production to 1,000 barrels per day by FY27. The standalone order book at 31 March 2026 stood at Rs 17.5 bn. Management conveyed that FY26 represented a landmark year, with the group remaining net zero-debt and bolstered by receipt of Rs 920 mn from warrants conversion. The board proposed a dividend of Rs one point two five per share subject to shareholder approval. For FY27 the company set an ambition to grow its India services business by between 30 and 40 per cent and expressed optimism that Kuiper could deliver revenue in the range of USD 60 to USD 65 million while noting uncertainty in West Asia. The company said it is well capitalised to pursue growth with improved margins.

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