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Asian Energy Services Limited reported a robust financial performance for the nine months ended FY25, with revenue from operations rising to ₹249.6 crore, a notable 34% increase compared to the previous year. The growth was fueled by strong order execution in its CHP and Operations & Maintenance projects. Key developments included securing a significant order from Assam Gas Company for a compressor station valued at approximately ₹200 crore on a Build, Own, Operate, and Transfer basis, enhancing its position in the market.
Despite a 3% decline in quarterly revenue year-on-year due to project delays and festive holidays, the total order book reached around ₹1,150 crore. The company anticipates strong opportunities in the upcoming tenders post the Union Budget and expects revenue contributions from deferred projects to spill over into Q4FY25. With a confident outlook, Asian Energy reaffirms its FY25 revenue expectation between ₹450-500 crore, highlighting a positive trajectory amid expanding operational capabilities.