Asian Energy Services reports strong growth, strategic acquisitions

Asian Energy Services Limited reported strong financial performance for the fiscal year 2024-25, with revenue from operations growing by 52% year-on-year to INR 46,503.81 Lakhs, up from INR 30,506.48 Lakhs in 2023-24. The company's net profit after tax surged by 65% to INR 4,216.36 Lakhs from INR 2,554.75 Lakhs in the prior year, with earnings per share (EPS) improving to INR 9.79. The total order book reached approximately INR 973 Crores as of March 31, 2025.

A key strategic highlight for 2024-25 was the acquisition of a 100% equity stake in Kuiper Group, UAE, for a total cash consideration of $9.25 million. This acquisition is expected to contribute an incremental revenue stream of approximately $70 million, expanding Asian Energy's global Operations and Maintenance (O&M) footprint across the Middle East and Southeast Asia. O&M services constituted the largest share of the order book at 56%, valued at approximately INR 550 Crores, demonstrating growing demand for integrated service offerings across oil, gas, and mineral sectors.