Asian Energy Q2FY27 Revenue INR 266.7 Cr, H1FY27 at INR 537.9 Cr; PAT Up 1697%
Asian Energy Services Limited reported H1FY27 revenue of ₹537.9 crore, up 148% YoY, with PAT at ₹29.8 crore, up 1697% YoY. The company reaffirmed its FY27 standalone revenue growth guidance of 30-40% and targets ₹3,000 crore revenue by FY29/30. NCLT approval was received for the Oilmax-AESL merger.
The significant increase in PAT, reaffirmation of growth guidance, and progress on a major merger are material events that are likely to have a substantial impact on investor sentiment and the company's future operations.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT, reaffirmed its growth guidance, and secured key strategic approvals for a merger, indicating positive future prospects.
Asian Energy Services Limited (AESL) has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a revenue of ₹266.7 crore for Q2FY27, contributing to a Half-Yearly (H1FY27) revenue of ₹537.9 crore, marking a significant year-on-year growth.
Profitability saw substantial improvement both sequentially and year-on-year. For H1FY27, the company reported an EBITDA of ₹52.3 crore and a Profit After Tax (PAT) of ₹29.8 crore, with PAT showing a remarkable increase of 1697% year-on-year. This performance is attributed to disciplined execution, operating leverage, and operational efficiencies.
AESL reaffirmed its standalone revenue growth guidance of 30-40% for FY27. The company boasts a strong order book of approximately ₹1,633 crore as of September 30, 2026, and a robust bidding pipeline, indicating good future order inflows and growth visibility in the energy and mineral infrastructure services sectors. Management has set a longer-term revenue objective of around ₹3,000 crore by FY29/FY30.
Key strategic developments include the NCLT approval received on September 29, 2026, for the Oilmax–AESL merger, with final government approval pending. Oilmax has secured the GK Offshore Block under DSF Bid Round IV, expanding into offshore E&P, and the Pakro Critical Mineral Mine, which contains vanadium and graphite resources.
Dr. Kapil Garg, Managing Director, expressed confidence in the H1FY27 performance and reiterated the company's commitment to building a stronger, integrated energy platform. Mr. Sumit Maheshwari, Group CFO, highlighted the strong execution across verticals and a solid financial position, with Q2FY27 revenue, EBITDA, and PAT showing significant year-on-year growth compared to Q2FY26.
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