Asian Energy Services Q2FY27 Results: Revenue Up 161%, PAT Up 530% YoY
Asian Energy Services Limited reported a strong Q2FY27 with consolidated revenue up 161% YoY to ₹266.7 crore and PAT up 530% YoY to ₹17.1 crore. H1FY27 saw revenue grow 148% to ₹537.9 crore and PAT surge 1697% to ₹29.8 crore. The OilMax merger has received NCLT approval, awaiting final government nod.
The substantial financial growth and progress on the OilMax merger, which is expected to consolidate energy businesses, are highly material to the company's performance and strategic direction.
The company reported significant year-on-year growth in revenue and profit, coupled with positive updates on strategic initiatives like the OilMax merger and securing new blocks.
Asian Energy Services Limited (AESL) announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a significant year-on-year growth, with consolidated revenue increasing by 161% to ₹266.7 crore in Q2FY27 compared to ₹102.0 crore in Q2FY26. Profit After Tax (PAT) saw a substantial surge of 530%, reaching ₹17.1 crore in Q2FY27 from a loss of ₹4.0 crore in the same period last year. For the half-year ended September 30, 2026 (H1FY27), consolidated revenue grew by 148% to ₹537.9 crore from ₹217.4 crore in H1FY26, while PAT increased by a remarkable 1697% to ₹29.8 crore from ₹1.7 crore in H1FY26.
Standalone results also showed strong performance, with Q2FY27 revenue rising by 112% YoY to ₹129.6 crore and PAT growing by 720% YoY to ₹15.1 crore. For H1FY27, standalone revenue increased by 148% to ₹278.8 crore and PAT grew by 1697% to ₹41.1 crore.
The company highlighted key business updates including the OilMax merger, which has passed key regulatory milestones with NCLT approval and is awaiting final government approval. The company also secured the Kutch Offshore block under DSF Round IV, with the Revenue Sharing Contract formally executed. Kuiper's operations stabilized during the quarter, despite geopolitical concerns in West Asia. The order book, excluding GST and Kuiper/Oilmax contracts, stands at approximately ₹1,633 crore, providing strong revenue visibility.
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