Asian Energy Services Limited has informed the Exchange regarding a press release dated September 26, 2025, titled "Asian Energy Services Ltd Sets Bold Growth Trajectory at 2025 AGM".
ASIANENE · price
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Asian Energy Services Limited (AESL) reported record FY25 results, with revenue up 52% to Rs.464 crore, EBITDA up 67% to Rs.72 crore, and PAT up 65% to Rs.42 crore, backed by a Rs.1,688 crore order book from third-party contracts in India. The company set an ambitious 2029 target of Rs.3,000 crore revenue, Rs.700+ crore EBITDA, and ~Rs.500 crore PAT, implying margin expansion from ~15% to ~23%. Key growth drivers include the recent acquisition of UAE-based Kuiper Group (revenue contribution starting September 2025) and a proposed reverse merger with Oilmax Energy valued at ~Rs.2,582 crore, expected to close by Q3 FY27 via a share swap (10 Oilmax shares = 117 AESL shares).
Positive for shareholders — strong FY25 execution, a robust order book, international expansion via Kuiper, and the Oilmax merger could significantly scale earnings by FY27. However, the 2029 targets are aspirational and the share swap will lead to equity dilution for existing AESL holders.