Asian Energy Services Limited (AESL) has reported a robust financial performance for the first quarter, with a significant surge in net profit and revenue. The company has also strengthened its order book with new contract wins, signaling strong growth prospects.

Financial Highlights

AESL reported a consolidated net profit of ₹563.23 crore for the quarter, marking a substantial 173% increase from ₹206.36 crore in the same period last year. The company's revenue from operations saw a 92% year-on-year growth, reaching ₹11,537.00 crore, compared to ₹6,019.00 crore in the corresponding quarter of the previous fiscal year.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also showed impressive growth, rising by 72% year-on-year to ₹12.10 crore.

Segment Performance

AESL operates in two main segments:

1. Oil and Gas Services: This segment generated revenue of ₹9,224.00 crore.
2. Mineral and Other Energy Services: This segment contributed ₹2,313.00 crore to the total revenue.

Key Business Developments

The company has secured two significant contracts, further strengthening its order book:

1. An integrated service contract from Vedanta Limited valued at approximately ₹772.00 crore, to be executed over 57 months.
2. A 3D seismic data acquisition and processing contract from Sun Petrochemicals in Gujarat, worth around ₹46.00 crore, with a 12-month execution timeline.

These new contracts have bolstered AESL's order book, which now stands at approximately ₹1,688.00 crore as of August 12, 2025. The order book composition is as follows:

Strategic Acquisition

AESL's subsidiary, Asian Oilfield & Energy Services DMCC (ADMCC), has entered into an agreement to acquire 100% of Kuiper Holdings Limited and Kuiper Group Limited. This acquisition is expected to expand AESL's capabilities and enhance its geographic reach across the Middle East and Southeast Asia.

Management Commentary

Kapil Garg, Managing Director of Asian Energy Services Limited, commented on the results: "We are pleased to report that FY26 has commenced on a strong footing, with Revenue from Operations, EBITDA and Profit After Tax surging for Q1 on year-on-year basis, supported by the timely execution of ongoing contracts, improved resource utilization, and operational efficiencies across service lines."

He added, "With a strong order book, a robust financial position, and a proven execution track record, we are confident of delivering on our FY26 guidance without any changes to our stated targets."

Other Developments

During the quarter, AESL allotted 40,734 equity shares with a face value of ₹10 each under its employee stock option plan.

The company's basic earnings per share for the quarter stood at ₹1.24, compared to ₹0.51 in the same quarter last year.

With its strong financial performance, growing order book, and strategic expansion plans, Asian Energy Services Limited appears well-positioned for continued growth in the energy services sector.

Asian Energy Services Ltd. (AESL) has seen a significant boost in its stock price following a major contract win with Vedanta Limited. The company's shares have gained 11.5% over two days, with a 3.8% increase on Tuesday, closing at Rs 317.85.

Contract Details

AESL has secured an Integrated Service Contract from Vedanta Limited valued at Rs 865 crore. The contract, spanning 57 months, encompasses field development and Operations & Maintenance services. This substantial agreement underscores the company's growing presence in the energy services sector.

Management Commentary

Managing Director Kapil Garg expressed enthusiasm about the partnership, stating that it demonstrates the trust earned through reliable service delivery. This sentiment reflects positively on AESL's reputation and capabilities in the industry.

Stock Performance

Despite the recent surge, AESL's stock performance presents a mixed picture:

The recent contract win has provided a much-needed boost to the stock, which had been underperforming over longer time horizons.

Company Overview

Asian Energy Services specializes in providing upstream oil and gas services. Their offerings include:

• Seismic data acquisition
• Production enhancement
• Mining solutions

These services position AESL as a key player in the energy sector, supporting major companies like Vedanta in their operations.

Technical Indicators

Technical analysis of AESL's stock reveals:

• The stock is trading above seven out of eight key moving averages
• The Relative Strength Index (RSI) stands at 57.60, indicating neutral momentum

These indicators suggest that while the stock has gained momentum, it may be approaching a balanced state between overbought and oversold conditions.

The substantial contract win with Vedanta Limited marks a significant milestone for Asian Energy Services, potentially setting the stage for improved financial performance and increased investor confidence in the coming months.