Asian Energy Services Limited — Updates, 12-02-2025: Press Release

Asian Energy Services Limited has reported robust financial results for the nine months of FY25, showcasing a strong upward trajectory. Revenue surged by 34% YoY to ₹249.6 crore, while net profit saw a significant increase of 81%, reaching ₹19.6 crore. The company's EBITDA improved to ₹34.6 crore, reflecting a healthy margin of 13.9%.

The order book stands at ₹1,150 crore, with a diverse composition: 43% from Infrastructure/CHP, 46% from Operations & Maintenance, and 11% from Seismic work. Notably, a new order from Assam Gas Company Limited, valued at approximately ₹200 crore for a compressor station on a Build, Own, Operate, and Transfer basis, bolsters its position in the operations and maintenance domain.

With an optimistic outlook, the company anticipates potential growth opportunities following the upcoming Union Budget and expects deferred revenue from Q3FY25 to contribute positively in Q4FY25. Importantly, the revised six-month holiday order from ONGC further enhances their strategic flexibility. Overall, the outlook remains positive as AESL aims to secure contracts and expand its order book further.