Asian Energy Services Limited, a leading integrated energy and mining services provider, reported a strong start to the year with Q1FY27 net profit rising by 129% year-on-year to Rs 12.8 crore, and revenue increasing by 135% to Rs 271.2 crore. The performance was driven by continued momentum across the services business, disciplined execution, and contributions from both domestic and international operations.
Approval of Shareholders has been received for the Merger and it is expected to be completed by September/October 2026. As of June 30, 2026, Asian Energy's standalone order book stood at U,754 crore, with ~60% contribution from Oil & Gas, ~40% from Mineral services. Group continues to expand its asset portfolio, being declared the preferred bidder for an offshore block and a critical mineral mine.
Dr. Kapil Garg, Managing Director, Asian Energy Services Limited"We have commenced FY27 on a strong footing, marked by focused execution across our business verticals. The shareholders' approval for the Oilmax merger represents an important step towards strengthening our integrated energy platform. With the Government's continued focus on domestic energy security through initiatives and policy reforms such as Samudra Manthan, ORDA Act and Critical Minerals Mission, growth opportunities in our businesses are multiplying and we are well positioned to capitalize on them and create long term sustainable value for our stakeholders".
Mr. Sumit Maheshwari GROUP CFO"Q1 FY27 reflected continued progress across our businesses, with key milestones of securing a major order from GSECL. Business reported strong execution across all verticals despite volatile Middle East situation. Our Q1 FY27 revenue has grown by 135%, EB/OTA by 81% and Profit After Tax by 129% as compared to Q1 FY26. We remain confident of achieving our FY27 guidance for both Asian Energy Services and Kuiper. Our order book stands at f1,754 crore, supported by a robust bid pipeline, providing strong visibility for future revenues."
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