Asian Energy Services Limited has informed the Exchange regarding Outcome of Board Meeting held on May 16, 2025.
ASIANENE · price
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The board approved audited standalone and consolidated financial results for Q4 and FY25 (year ended March 31, 2025) with an unmodified (clean) opinion from statutory auditors Walker Chandiok & Co LLP. Standalone revenue from operations jumped 52% YoY to ₹464.08 crore, while net profit after tax rose 43% to ₹41.04 crore (EPS ₹9.54 vs ₹7.54). On a consolidated basis, revenue grew 52% to ₹465.04 crore and PAT climbed 65% to ₹42.16 crore, boosted by a sharp rise in share of profit from joint ventures (₹6.19 crore vs ₹1.57 crore). The board recommended a final dividend of ₹1 per share (10% on face value), subject to shareholder approval. It also proposed a new ESOP 2025 scheme and recommended appointing M/s. SGCO & Co. LLP as new statutory auditors for a 5-year term, replacing Walker Chandiok at the end of their tenure. Notably, net cash used in operating activities stood at negative ₹18.62 crore on a standalone basis, reflecting heavy working capital build-up with trade receivables rising to ₹220.60 crore from ₹128.69 crore.
Strong top-line and bottom-line growth, clean audit report, and dividend declaration are positive for shareholders. However, the negative operating cash flow despite robust profits signals working capital stress, which investors should monitor. The auditor change is a routine end-of-tenure transition and not a red flag.