Asian Energy Services Limited has informed the Exchange regarding a press release dated February 13, 2026, titled "Asian Energy s Q3 FY26 Net Profit Surges On Robust Operating Momentum".
ASIANENE · price
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Asian Energy Services reported a strong Q3 FY26 with operating revenue rising 157% year-on-year to ₹235.4 crore, helped by the first full quarter of Kuiper revenue consolidation and improved project execution. Net profit surged 117% YoY to ₹17.5 crore, while EBITDA grew 93% YoY to ₹28.3 crore, reflecting better operating leverage. For the nine-month period, revenue grew 81% YoY to ₹452.8 crore and adjusted PAT (after one-time acquisition costs) rose 31% YoY to ₹25.7 crore. The standalone order book stood at ₹1,893 crore, offering multi-year revenue visibility, and the company discovered oil at the NM-01 well in the Mewad block, strengthening its upstream footprint. The reverse merger with promoter Oilmax Energy is awaiting stock exchange approvals and is expected to close in Q3 FY27.
Triple-digit profit growth, a sharp jump in revenues, and a ₹1,893 crore order book indicate strong business momentum that is likely to be viewed positively by the market. Investors should also track the pending Oilmax reverse merger and the ramp-up of the Kuiper-acquired international O&M business as key near-term catalysts.