+
Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent
POWER & RENEWABLE ENERGY

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code