Asian Energy Services Reports 173% Surge in Q1 Net Profit, Secures Major Contracts
Asian Energy Services Limited (AESL) reported a 173% increase in Q1 net profit to ₹563.23 crore, with revenue up 92% to ₹11,537.00 crore. EBITDA grew 72% year-on-year. The company secured two new contracts worth ₹818 crore, boosting its order book to ₹1,688.00 crore. AESL's subsidiary is set to acquire Kuiper Holdings and Kuiper Group, expanding its Middle East and Southeast Asia presence. The company maintains its FY26 guidance.
29Jul 25
Asian Energy Services Surges 11.5% on Securing Rs 865 Crore Vedanta Contract
Asian Energy Services Ltd. (AESL) has won a Rs 865 crore Integrated Service Contract from Vedanta Limited, spanning 57 months for field development and Operations & Maintenance services. The news boosted AESL's stock by 11.5% over two days, closing at Rs 317.85 on Tuesday. Despite recent gains, the stock shows mixed performance with -18% YTD and -8.40% over 12 months. AESL specializes in upstream oil and gas services, including seismic data acquisition and production enhancement.
27Jul 25
Asian Energy Services Secures Rs 865 Crore Contract from Vedanta Limited
Asian Energy Services Limited (AESL) has been awarded an Integrated Service Contract by Vedanta Limited worth approximately Rs 865.00 crores, including GST. The contract, spanning 57 months, covers field development and Operations & Maintenance services. AESL's Managing Director, Kapil Garg, emphasized the significance of this repeat engagement with a long-standing client, highlighting the company's focus on operational excellence and its position as a preferred partner in the energy sector.
17Jul 25
Asian Energy Services Clinches Rs 46 Crore Contract for 3D Seismic Work in Gujarat
Asian Energy Services Limited (AESL) has been awarded a Rs 46 crore contract by Sun Petrochemicals for 3D seismic data acquisition and processing services in the Gulf of Khambhat, Gujarat. The 12-month contract strengthens AESL's partnership with Sun Petrochemicals and expands its presence in the seismic services domain. Dr. Kapil Garg, Managing Director of AESL, expressed enthusiasm about the repeat engagement, viewing it as a testament to the company's strong customer relationships.
16Jul 25
Asian Energy Services Clinches ₹46 Crore Contract for 3D Seismic Services in Gujarat
Asian Energy Services Limited (AESL) has been awarded a contract worth ₹46 crore by Sun Petrochemicals for 3D seismic data acquisition and processing services in the Gulf of Khambhat, Gujarat. The contract, exclusive of GST, has a duration of 12 months. Dr. Kapil Garg, Managing Director of AESL, highlighted the significance of this repeat engagement in strengthening their partnership with Sun Petrochemicals and reinforcing their position in the seismic services domain.
19May 25
Asian Energy Services Ltd Reports Robust Growth, Plans Strategic Acquisition
Asian Energy Services Ltd (AESL) reported a 52% year-over-year revenue increase to ₹465.00 crores and a 65% rise in Profit After Tax to ₹42.20 crores. The company plans to acquire UAE-based Kuiper Group for $9.25 million to expand internationally. AESL targets ₹650.00-700.00 crores revenue for the next fiscal year, a 40-50% growth. The board proposed a ₹1.00 per share dividend and is developing an Employee Stock Ownership Plan.
16May 25
Asian Energy Services Reports Strong Q4 Results, Announces Dividend
Asian Energy Services Ltd. reported impressive Q4 financial results with a 79.17% YoY revenue growth to ₹215.00 crore. Net profit increased by 21.89% to ₹20.60 crore. The company's annual revenue surged 172.30% to ₹309.60 crore, with a net profit of ₹28.70 crore, marking a significant turnaround from previous year's loss. The Board recommended a dividend of ₹1.00 per equity share. Despite growth, Q4 EBITDA margin decreased to 14.33% from 20.75% last year.
19Apr 25
Asian Energy Services Expands Global Footprint with $9.25 Million Acquisition of Kuiper Group
Asian Energy Services Limited (AESL) is acquiring Kuiper Group, a UAE-based company, for $9.25 million in an all-cash deal. The acquisition, expected to complete in 2-3 months, will be executed through AESL's Dubai subsidiary. This strategic move aims to expand AESL's integrated operations and maintenance services across the Middle East and Southeast Asia, leveraging Kuiper's established presence in energy-rich nations. Kuiper Group reported revenue of $68 million for 2024. The acquisition aligns with AESL's long-term growth strategy in the global energy services sector.