Asian Energy Services Limited, a leading integrated energy and mining services provider, reported a robust financial performance for the fiscal year ending 31st March 2026. The company’s revenue surged by 70.1% year-on-year to ₹791.1 crore, underpinned by strong execution momentum and operational efficiencies.
In the fourth quarter of FY26, Asian Energy’s revenue increased by 57.0% to ₹338.2 crore, while EBITDA rose by 46.6% to ₹49.4 crore. The adjusted profit after tax (PAT) for the quarter stood at ₹34.6 crore, marking a 53.8% increase from the previous year. For the full fiscal year, EBITDA reached ₹98.9 crore, a 36.6% rise, and adjusted PAT was ₹60.6 crore, up by 43.6%.
The company’s performance was partially impacted by supply-chain disruptions due to the West Asia conflict and client-oriented delays in execution. Despite these challenges, Asian Energy’s order book as of 31st March 2026 stood at approximately ₹1,750 crore, excluding the contribution from Kuiper.
Key business highlights for the year included the acquisition and consolidation of Kuiper, which expanded Asian Energy’s international platform, particularly in the Middle East. The company also made significant progress in the Indrora Block, with the NM-01 Well producing approximately 100 barrels of oil per day (BOPD). Asian Energy aims to ramp up production to around 1,000 BOPD by FY27 through additional drilling and field development initiatives.
Asian Energy’s management expressed optimism for FY27, highlighting a healthy order book and a strong balance sheet. The company plans to grow its standalone India services business by 30-40% with improved margins and aims to achieve revenue of USD 60-65 million for Kuiper. The merger with Oilmax is expected to be completed by September/October 2026, subject to regulatory clearances.
Dr. Kapil Garg, Managing Director of Asian Energy, announced a proposed dividend of Rs 1.25 per share, reflecting the company’s strong growth. Mr. Sumit Maheshwari, Group CFO, emphasised the company’s focus on sustainable growth and improving production from existing fields.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).