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Asian Energy Profits Soar Past 100% in Q4
14 Feb
Summary
- Net profit more than doubled to ₹18 crore in the December quarter.
- Revenue surged to ₹235 crore from ₹92 crore in the same period.
- Merger with Oilmax Energy awaits stock exchange approval, expected by Q3FY27.
Asian Energy Services has announced a remarkable financial performance for the December quarter, with net profit more than doubling to ₹18 crore, up from ₹8 crore in the prior year. This substantial increase was primarily attributed to robust project execution and enhanced operational efficiencies across its key projects.
Revenue experienced a significant jump, reaching ₹235 crore compared to ₹92 crore in the corresponding period last year. This growth was fueled by strong performance in core services, increased contributions from long-term operations and maintenance contracts, and sustained momentum in the mining and infrastructure sectors.
The company is actively pursuing the merger of Oilmax Energy, awaiting final approval from stock exchanges, with completion targeted for the third quarter of fiscal year 2027. Asian Energy Services remains committed to a capital-light operating model and a diversified service portfolio to foster sustainable growth and improved cash flow visibility.
