Asian Energy Services Ltd

Asian Energy Services announced that the Board of Directors of the Company at its meeting held on 16 May 2025, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Asian Energy Services rose 54.56% to Rs 22.52 crore in the quarter ended March 2025 as against Rs 14.57 crore during the previous quarter ended March 2024. Sales rose 81.45% to Rs 215.44 crore in the quarter ended March 2025 as against Rs 118.73 crore during the previous quarter ended March 2024. For the full year,net profit rose 65.37% to Rs 42.12 crore in the year ended March 2025 as against Rs 25.47 crore during the previous year ended March 2024. Sales rose 52.44% to Rs 465.04 crore in the year ended March 2025 as against Rs 305.06 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales215.44118.73 81 465.04305.06 52 OPM %14.6120.70 -14.2213.71 - PBDT33.8425.23 34 73.8847.55 55 PBT29.1420.90 39 56.1830.53 84 NP22.5214.57 55 42.1225.47 65 Powered by Capital Market - Live

Asian Energy Services will hold a meeting of the Board of Directors of the Company on 16 May 2025.Powered by Capital Market - Live

The acquisition is expected to be completed within the next two months, following which Asian Energy will acquire Kuiper Group along with its global management team and normalized working capital. The acquisition will be funded through a combination of internal accruals and debt. Kuiper Group is a globally recognized provider of comprehensive and integrated manpower solutions, specifically tailored for the energy sector across the Middle East and Southeast Asia. The Kuiper Group has recorded revenue of $68 million in year ending December 2024 and is a profitable business. The acquisition of Kuiper Group is a strategic initiative by Asian Energy Services to expand its services offering of integrated operations and maintenance (O&M) across the Middle East and Southeast Asian countries leveraging Kuiper's presence. Kuiper has well-established presence in energy-rich nations such as Saudi Arabia, Qatar and the UAE. This positions Asian Energy Services to scale its operations, access this larger addressable market, and support its long-term growth ambitions. Kapil Garg, managing director, Asian Energy Services, said: 'The acquisition of Kuiper Group marks a pivotal milestone in Asian Energy Services' journey to expand its footprint across key energy markets in the Middle East and Southeast Asia. This strategic move enables us to participate more actively in global energy projects and establish a scalable, future-ready platform for long-term growth. Kuiper Group's strong presence in these regions will serve as a foundation for Asian Energy to broaden its integrated O&M services offering. We also aim to support and grow Kuiper's existing business.' Asian Energy Services (AESL) offers end-to-end services which extend across the entire upstream value chain. AESL's service offerings comprises integrated oil & gas services including 2D and 3D seismic geographical data acquisition, operations and maintenance of onshore and offshore oil and gas production facilities, production enhancement services and mining services including supply and installation of material handling plants and rapid loading systems. The scrip fell 1.48% to currently trade at Rs 316.70 on the BSE. Powered by Capital Market - Live

Asian Oilfield & Energy Services DMCC (Dubai) (Asian DMCC), a wholly owned subsidiary of Asian Energy Services, has entered into Share Purchase Agreement (SPA) on 18 April 2025 with Offshore Logistics Services Holdings (Seller), a company incorporated in the Cayman Islands with registration number 267213, to acquire 100% of the share capital of Kuiper Holdings ( Abu Dhabi Global Market, UAE ) (KHL) and Kuiper Group ( Cayman Islands) (KGL) (Kuiper Group). Upon completion of the aforesaid transfer of shares, KHL and KGL would become wholly owned subsidiaries of Asian DMCC and wholly owned stepdown subsidiaries of the Company.Powered by Capital Market - Live

Net profit of Asian Energy Services declined 35.87% to Rs 8.26 crore in the quarter ended December 2024 as against Rs 12.88 crore during the previous quarter ended December 2023. Sales declined 3.31% to Rs 91.69 crore in the quarter ended December 2024 as against Rs 94.83 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales91.6994.83 -3 OPM %14.2515.86 - PBDT15.6615.66 0 PBT11.2111.44 -2 NP8.2612.88 -36 Powered by Capital Market - Live

Asian Energy Services will hold a meeting of the Board of Directors of the Company on 12 February 2025.Powered by Capital Market - Live

Asian Energy Services has been awarded an order from Assam Gas Company for supplying compressor station on Build, Own, Operate, and Transfer (BOOT) basis for 3 years. The total contract value is Rs 200 crore of which Rs 82 crore to be realised in the first year on Free on Truck (FOT) site basis which is inclusive of freight, unloading and stacking but exclusive of GST. The Mobilisation of 1st Compressor is expected to be completed in Q4FY25 and the rest will be completed in the following Financial Year. Powered by Capital Market - Live

The total contract value is Rs 200 crore of which Rs 82 crore to be realised in the first year on a free-on-truck (FOT) site basis which is inclusive of freight, unloading and stacking but exclusive of GST. The mobilization of the 1st compressor is expected to be completed in Q4 FY25 and the rest will be completed in the following financial year. Kapil Garg, MD, Asian Energy Services, said, 'We are delighted to announce that we have been awarded a significant contract by Assam Gas Company Limited to supply and operate a compressor station on a BOOT basis for a period of three years. This achievement underscores our unwavering commitment to the operations and maintenance segment and highlights our proven expertise in delivering end-to-end upstream energy solutions. With the government's increasing emphasis on natural gas as a key component of the energy transition, we are well-positioned to leverage emerging opportunities in this evolving sector.' Asian Energy Services specialises in a geophysical range of onshore seismic and drilling services, including acquisition, imaging, field evaluation, and two-dimensional and three-dimensional seismic data acquisition services. The group also provides EPC and O&M services to various oil and gas production units. The company's consolidated net profit was at Rs 9.29 crore in Q2 FY25, steeply higher than Rs 1.17 crore posted in Q2 FY24. Revenue from operations was at Rs 97.72 crore in Q2 FY25, up 114.86% year on year.Powered by Capital Market - Live

Net profit of Asian Energy Services rose 776.42% to Rs 9.29 crore in the quarter ended September 2024 as against Rs 1.06 crore during the previous quarter ended September 2023. Sales rose 114.86% to Rs 97.72 crore in the quarter ended September 2024 as against Rs 45.48 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales97.7245.48 115 OPM %15.707.81 - PBDT17.075.38 217 PBT12.811.20 968 NP9.291.06 776 Powered by Capital Market - Live