Asian Energy Third Quarter Profit Surges On Operating Momentum
POWER & RENEWABLE ENERGY

Asian Energy Third Quarter Profit Surges On Operating Momentum

Asian Energy Services Limited reported robust results for the third quarter of FY26, with operating revenue rising to Rs 2,354 million (mn), an increase of 157 per cent year on year and 131 per cent quarter on quarter, supported by strong project execution and greater contribution from long-term operations and maintenance contracts. EBITDA rose to Rs 283 mn and profit after tax reached Rs 175 mn, reflecting improved execution efficiency and operating leverage.

The third quarter was the first full quarter of Kuiper revenue consolidation, which materially enhanced scale and international operations and maintenance capabilities and supported Oil and Gas segment growth. The company reported successful drilling of the NM-01 well to a depth of 1,650 metres in the Mewad block in Gujarat and said the discovery strengthened upstream presence and long-term revenue visibility. Mining and infrastructure services maintained steady momentum during the quarter.

For the nine months ending December 31, 2025 operating revenue rose to Rs 4,528 mn, up 81 per cent year on year, while EBITDA for the period increased to Rs 493 mn, up 27 per cent year on year. Adjusted profit after tax for the nine months, after a one-time acquisition cost, stood at Rs 257 mn compared with Rs 196 mn in the prior period, an increase of 31 per cent. The standalone order book as of December 31, 2025 stood at Rs 18.93 billion (bn), providing multi-year revenue visibility.

Management said integration of domestic and international capabilities and a higher share of annuity-type contracts are expected to enhance earnings visibility and resilience, and the company reaffirmed guidance for FY26. The firm is awaiting stock exchange approval for a reverse merger with Oilmax Energy, likely to complete in the third quarter of FY27. The company remains focused on a capital-light operating model and a diversified service portfolio to support long-term value creation.

Asian Energy Services Limited reported robust results for the third quarter of FY26, with operating revenue rising to Rs 2,354 million (mn), an increase of 157 per cent year on year and 131 per cent quarter on quarter, supported by strong project execution and greater contribution from long-term operations and maintenance contracts. EBITDA rose to Rs 283 mn and profit after tax reached Rs 175 mn, reflecting improved execution efficiency and operating leverage. The third quarter was the first full quarter of Kuiper revenue consolidation, which materially enhanced scale and international operations and maintenance capabilities and supported Oil and Gas segment growth. The company reported successful drilling of the NM-01 well to a depth of 1,650 metres in the Mewad block in Gujarat and said the discovery strengthened upstream presence and long-term revenue visibility. Mining and infrastructure services maintained steady momentum during the quarter. For the nine months ending December 31, 2025 operating revenue rose to Rs 4,528 mn, up 81 per cent year on year, while EBITDA for the period increased to Rs 493 mn, up 27 per cent year on year. Adjusted profit after tax for the nine months, after a one-time acquisition cost, stood at Rs 257 mn compared with Rs 196 mn in the prior period, an increase of 31 per cent. The standalone order book as of December 31, 2025 stood at Rs 18.93 billion (bn), providing multi-year revenue visibility. Management said integration of domestic and international capabilities and a higher share of annuity-type contracts are expected to enhance earnings visibility and resilience, and the company reaffirmed guidance for FY26. The firm is awaiting stock exchange approval for a reverse merger with Oilmax Energy, likely to complete in the third quarter of FY27. The company remains focused on a capital-light operating model and a diversified service portfolio to support long-term value creation.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code