Asian Energy Services Limited has reported its audited financial results for the quarter and year ended 31 March 2026, showcasing a transformation into an integrated international energy platform. The company posted a consolidated net profit of INR 51.84 crore for FY26, a 23% increase from the previous year, while revenue from operations surged 70% to INR 791.1 crore from INR 465.0 crore in FY25. The board has recommended a final dividend of INR 1.25 per equity share, subject to shareholder approval.

For the quarter ended 31 March 2026, net profit stood at INR 32.65 crore compared to INR 22.55 crore in the corresponding quarter of the previous year. Quarterly revenue from operations rose to INR 338.2 crore. The statutory auditors issued an unmodified opinion on the financial results. The adjusted PAT for FY26 is INR 60.6 crore, after adjusting for exceptional items of INR 9.4 crore related to Kuiper acquisition costs and write-offs.

Financial Performance

The company's financial performance reflects strong execution momentum and improved operational efficiencies, with EBITDA growing 37% to INR 98.9 crore.

Business Highlights and Management Commentary

Dr. Kapil Garg, Managing Director, highlighted that FY26 was a landmark year driven by the Kuiper acquisition and the initiation of the Oilmax merger. The company has received SEBI approval for the proposed merger with Oilmax Energy, with the NCLT shareholders' meeting scheduled for June 2026 and completion expected by September or October 2026. The order book as of 31 March 2026 stood at approximately INR 1,750 crore on a standalone basis.

Mr. Sumit Maheshwari, Group CFO, noted that while standalone Q4FY26 revenue was impacted by supply chain disruptions and client-oriented delays, the company remains a net zero-debt company. He expressed confidence in growing the standalone India services business by 30-40% in FY27 with improved margins. The company received INR 92 crores from warrants conversion, further strengthening the balance sheet.

Segment Performance

For Q4FY26, the Oil and Gas segment reported revenue of INR 256 crores with a segment profit of INR 42 crores. For the full year, the segment reported revenue of INR 633 crores with a profit of INR 102 crores. The Minerals segment reported Q4 revenue of INR 82 crores with a profit of INR 18 crores, and full-year revenue of INR 158 crores with a profit of INR 32 crores.

Regulatory Disclosures

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has informed that the transcript of the Earnings Conference Call pertaining to Financial Results for Q4 & FY26, held on 20 May 2026, has been uploaded on its website. The recording is accessible under the Investors relations section.

Asian Energy Services Limited has initiated a postal ballot process via remote e-voting to seek shareholder approval on special businesses, including the re-appointment of its Managing Director. The e-voting period is scheduled from May 26, 2026, to June 24, 2026. The company has engaged National Securities Depository Limited (NSDL) to facilitate the electronic voting process.

The resolutions proposed for approval include the re-appointment of Dr. Kapil Garg as Managing Director for a period of three years effective from June 1, 2026, to May 31, 2029. Shareholders will also vote on the grant of up to 1,45,000 stock options to Mr. Parikshit Datta, Non-Executive Non-Independent Director, under the AESL ESOP 2025 plan. Additionally, the notice seeks approval for the payment of remuneration of ₹5,00,000 individually to each Independent Director for FY 2026-27.

Remuneration and Performance

The Board has proposed a remuneration package for Dr. Kapil Garg comprising a basic salary of ₹33,00,000 per month, along with an annual increment of 7.5%. He is also entitled to allowances and perquisites subject to an overall ceiling of 50% of basic salary per annum, and a commission subject to a ceiling of 5% of the net profits. The company reported a profit after tax of ₹4,484.68 lakh for the year ended March 31, 2026, compared to ₹4,103.94 lakh in the previous year.

Key Dates for Shareholders

The eligibility of members to participate in the voting process is determined based on the Register of Members or List of Beneficial Owners as of May 22, 2026. The company stated that no physical copies of the notice or postal ballot forms will be dispatched to shareholders. All communications regarding the assent or dissent of shareholders will take place exclusively through the remote e-voting facility provided by NSDL.

The detailed procedure for casting votes and the postal ballot notice is available on the company's website at www.asianenergy.com , the NSDL e-voting website at www.evoting.nsdl.com , and the websites of the BSE and NSE. The process is being implemented in compliance with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE276G01015/ed0621c7082e4313.pdf