Asian Energy Services Share Price

Oil Equipment & Services company Asian Energy Services announced Q4FY26 & FY26 results Consolidated Financial Highlights: Total Income: Stood at Rs 33,982.70 lakh in Q4FY26, reflecting a growth of 41.87% QoQ compared to Rs 23,953.08 lakh in Q3FY26, and an increase of 56.51% YoY from Rs 21,713.35 lakh in Q4FY25. For FY26, it was Rs 79,993.83 lakh, up 70.04% YoY from Rs 47,045.25 lakh in FY25. Revenue from Operations: Reached Rs 33,823.29 lakh in Q4FY26, up 43.65% QoQ from Rs 23,544.97 lakh in Q3FY26 and up 57.00% YoY from Rs 21,543.81 lakh in Q4FY25. FY26 revenue was Rs 79,104.74 lakh, a 70.10% increase YoY from Rs 46,503.81 lakh in FY25. Profit Before Tax (PBT): Registered at Rs 3,973.10 lakh for Q4FY26, up 66.00% QoQ from Rs 2,393.37 lakh in Q3FY26 and up 36.36% YoY from Rs 2,913.61 lakh in Q4FY25. For FY26, it was Rs 6,883.66 lakh, up 22.54% YoY from Rs 5,617.69 lakh in FY25. Net Profit After Tax (PAT): Stood at Rs 3,265.19 lakh in Q4FY26, showing an 86.29% QoQ growth from Rs 1,752.75 lakh in Q3FY26 and a 44.78% YoY increase from Rs 2,255.24 lakh in Q4FY25. FY26 PAT was Rs 5,183.87 lakh, growing 22.95% YoY from Rs 4,216.36 lakh in FY25. Standalone Financial Highlights: Total Income: Came in at Rs 20,950.80 lakh in Q4FY26, growing 88.05% QoQ from Rs 11,141.29 lakh in Q3FY26, but declining by 3.10% YoY from Rs 21,621.30 lakh in Q4FY25. For FY26, it was Rs 50,088.19 lakh, up 6.68% YoY from Rs 46,950.23 lakh in FY25. Revenue from Operations: Recorded at Rs 20,712.81 lakh for Q4FY26, showcasing a 91.38% QoQ rise from Rs 10,823.08 lakh in Q3FY26 and a 3.43% YoY decline from Rs 21,448.24 lakh in Q4FY25. FY26 revenue stood at Rs 49,176.51 lakh, up 5.97% YoY from Rs 46,408.24 lakh in FY25. Profit Before Tax (PBT): Stood at Rs 3,188.67 lakh in Q4FY26, up 68.60% QoQ from Rs 1,891.26 lakh in Q3FY26 and up 17.59% YoY from Rs 2,711.74 lakh in Q4FY25. FY26 PBT was Rs 6,180.94 lakh, up 12.33% YoY from Rs 5,502.59 lakh in FY25. Net Profit After Tax (PAT): Attained Rs 2,268.79 lakh in Q4FY26, increasing 59.66% QoQ from Rs 1,420.98 lakh in Q3FY26 and 10.36% YoY from Rs 2,055.88 lakh in Q4FY25. For FY26, PAT was Rs 4,484.68 lakh, a 9.28% YoY increase from Rs 4,103.94 lakh in FY25. Business Highlights: Segment Performance - Oil and Gas: Q4FY26 segment revenue was Rs 25,599.69 lakh, showcasing a growth of 22.18% QoQ (vs Rs 20,951.67 lakh in Q3FY26) and a robust 140.69% YoY increase (vs Rs 10,636.01 lakh in Q4FY25). FY26 segment revenue stood at Rs 63,268.01 lakh. Segment profit for Q4FY26 was Rs 4,159.14 lakh. Segment Performance - Mineral and Other Energy Services: Q4FY26 segment revenue stood at Rs 8,223.60 lakh, up significantly by 217.11% QoQ (vs Rs 2,593.30 lakh in Q3FY26), but declining 24.61% YoY (vs Rs 10,907.80 lakh in Q4FY25). FY26 segment revenue was Rs 15,836.73 lakh. Segment profit for Q4FY26 was Rs 1,841.00 lakh. Dividend Recommendation: The Board of Directors recommended a final dividend of Rs 1.25/- per equity share of face value Rs 10/- (i.e. 12.5%) for the financial year FY26. Management Re-appointment: The Board approved the re-appointment of Dr. Kapil Garg as the Managing Director (Promoter and Executive) for a 3-year term, effective from June 1, 2026, until May 31, 2029. Acquisition Conclusion: The company's wholly-owned subsidiary, Asian Oilfield & Energy Services DMCC, concluded the final fair value determination for its 100% equity stake acquisition in Kuiper Holdings Limited and its subsidiaries, recognizing a capital reserve of Rs 3,996.59 lakh. Amalgamation Update: The company received 'No Objection' letters from stock exchanges for the amalgamation of Oilmax Energy Private Limited with Asian Energy Services Limited. NCLT Mumbai passed an order for convening a meeting of Equity Shareholders on June 12, 2026. Forfeiture of Convertible Warrants: Out of 47,00,000 Convertible Warrants allotted on November 5, 2024, certain warrant holders did not exercise the conversion option. Consequently, these warrants lapsed on May 5, 2026, and an upfront amount of Rs 868.74 lakh was forfeited by the Company. ESOP Grant: 4,94,260 stock options were granted to company employees and 3,05,740 to subsidiary and holding company employees under the Asian ESOP Scheme 2025, recording a consolidated ESOP compensation expense of Rs 6.50 crore. Exceptional Items: The company recorded a net exceptional loss including an amount written off of Rs 271.82 lakh due to a contractual dispute and a one-time expense of Rs 669 lakh in its subsidiary company regarding the Kuiper Group acquisition. Kapil Garg, Managing Director, Asian Energy Services, said: FY26 has been a landmark year for Asian Energy, driven by the Kuiper acquisition and initiation of the Oilmax merger. These developments strengthen our integrated energy platform at a time when West Asia conflict has created supply chain risks and increased energy prices, but also created multiple opportunities. We secured two substantial projects in FY26, one being the integrated field management contract with Vedanta, and the other being the Lakhanpur CHP Project from MCL. We also found success in new wells in Indrora. We move into FY27 with a healthy order book, strong balance sheet, and an expansive opportunity pipeline. Our focus is on translating our tailwinds into sustainable growth with improved margins and healthy cash flows. We also look forward to completing merger with Oilmax in FY27. We are pleased to announce a dividend of Rs 1.25 per share as a reflection of our strong growth, subject to shareholders’ approval. Sumit Maheshwari Group CFO, said: In FY26, our consolidated revenue and Profit After Tax have grown significantly over the past year. Our standalone Q4FY26 revenue was impacted (~75 crore) due to supply chain disruptions (West Asia conflict) and client-oriented delays in execution. We continue to remain a net zerodebt company, and the recent receipt of Rs 92 crore from warrants conversion has further strengthened our balance sheet. We are well capitalized to pursue higher growth. Looking ahead to FY27, we are confident of growing our standalone India services business by 30-40% with improved margins. For Kuiper, we remain optimistic of achieving revenue of USD 60-65 million in FY27 with improved margins, while also cautiously watching developments in West Asia. As the Oilmax merger progresses towards completion, we are focused on increasing production from the currently producing fields and bringing other fields into production soon. Result PDF

• Trendlyne
• 1 week 3 days ago

Oil Equipment & Services company Asian Energy Services announced H1FY25 & Q2FY25 results Financial Highlights: In H1FY25, the company achieved a total revenue of Rs 157.9 crore, a 73% growth compared to H1FY24. In Q2FY25, the revenue surged to Rs 97.7 crore, marking a 115% increase over Q2FY24 For H1FY25, EBITDA stood at Rs 21.6 crore with a margin of 13.7%, reflecting a 10 times improvement YoY. In Q2FY25, EBITDA increased to Rs 15.3 crore, with an improved margin of 15.7%, showcasing significant growth from both Q2FY24 and Q1 FY25. AT for H1FY25 reached Rs 11.4 crore, a turnaround from a loss of Rs 1.8 crore in H1FY24. In Q2FY25, PAT soared to Rs 9.3 crore, 8 times increase YoY. Other Highlights: Achieved highest-ever Q2 revenue with 115% YoY growth to Rs 97.7 crore in Q2FY25; H1FY25 revenue grew by 73% to Rs 157.9 crore, up from Rs 91.5 crore in H1FY24. Raised Rs 157 crore through preferential warrants, ensuring we remain well-capitalized as we pursue opportunities in oil & gas O&M;, CHP projects, and the minerals sector, strengthening our financial position, supporting growth, and positioning us for strategic expansion both organically and through acquisitions to enhance our market presence and drive long-term success. In September, we received a two-year holiday order from ONGC. We promptly obtained interim stay from the Bombay High Court and are actively working to resolve the matter amicably. During the quarter, we secured a new order valued at Rs 82 crore including GST, from Oil India for 2D seismic data acquisition in the Rajasthan Basin. The total order book as of now is ~Rs 997 crore, 55.6% attributable to Infra or CHP, 33.4% to Operations & Maintenance, 11.0% to Seismic. FY25 revenue is expected to be in range of Rs 450-500 crore. Management commentary: I am pleased to report that we have achieved our highest-ever revenue performance for the first half of the fiscal year, as well as a record-breaking second quarter. For H1FY25, we recorded revenue of Rs 157.9 crore, marking a 73% YoY increase. In Q2FY25, our revenue reached Rs 97.7 crore, a highest ever for any second quarter in our history with an impressive 115% growth YoY. This achievement underscores our best Q2 performance to date, driven by focused execution in our Coal Handling Plant (CHP) projects and strong momentum in our ongoing Operation & Maintenance (O&M;) contracts. During the quarter, we secured a new order valued at Rs 82 crore including GST, from Oil India for 2D seismic data acquisition in the Rajasthan Basin. This project is set to be executed over the next 18 months. Additionally, we raised Rs 157 crore through preferential warrants, ensuring we remain well-capitalized as we pursue opportunities in oil & gas O&M;, CHP projects, and the minerals sector, strengthening our financial position, supporting growth, and positioning us for strategic expansion both organically and through acquisitions to enhance our market presence and drive long-term success. In addition to ongoing Coal Handling Plant (CHP) projects, new opportunities are emerging within the mineral sector, allowing us to further expand our material handling business. This strategic approach enables us to leverage our expertise and broaden our service offerings across the mineral and energy industries.” Result PDF

• Trendlyne
• 1 year 6 months ago

Asian Oilfield's wholly owned subsidiary Asian Oilfield & Energy Services DMCC, Dubai has signed a contract for providing operations and maintenance services (O&M;) for an offshore production unit operating in Nigeria. The total value of contract is about US$ 95 million for a total period of 5 years. The company had announced earlier in December, regarding a a binding Letter of Intent (LOI) for a contract of approximately US$ 57 million for providing O&M; services for 3 years. The $95 million contract is part of the same letter of intent, and an expansion of the services required. The company's subsidiary has also entered into an agreement to acquire 99.99% shareholding of Ivorene Oil Services Nigeria Limited (a company registered under Nigeria) to provide local support for this O&M; contract.

• Trendlyne
• 9 years 3 months ago