Asian Energy Third Quarter Profit Surges On Operating Momentum

19 Feb 2026 CW Team

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.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..