Asian Energy Services Limited — Investor Meet, 23-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Asian Energy Services reported FY25 revenue of INR465 Cr (+52% YoY), EBITDA of INR72.3 Cr (+67%, 15.5% margin), and PAT of INR42.2 Cr (+65%, 9.1% margin). Q4 revenue hit a record INR215.4 Cr (+81% YoY) with EBITDA of INR33.7 Cr and PAT of INR22.6 Cr. The order book stands at INR973 Cr, led by Oil & Gas (~64%) and infrastructure (~36%). The USD9.25 million Kuiper acquisition will boost O&M services in the Middle East and Southeast Asia. Debtors rose due to Q4 sales with >70% current; some retention expected in FY26. FY26 guidance targets revenue of INR650-700 Cr and EBITDA of INR110-120 Cr. Management is confident on margin recovery, stable quarterly performance, and international expansion.