New Delhi, Aug 13
Asian Energy Services Limited reported a sharp sequential drop in net profit for the first quarter of FY26 at Rs 5.63 crore, as revenues and margins eased from the previous quarter’s high base, according to an exchange filing on Wednesday.
For Q1 FY26, the company posted a net profit of Rs 5.63 crore, down 75 per cent QoQ from Rs 22.5 crore in Q4 FY25. Total income stood at Rs 117.35 crore, falling 46 per cent QoQ from Rs 217.13 crore in the preceding quarter.
On a year-on-year basis, performance showed solid growth. Net profit more than doubled from Rs 2.06 crore in Q1 FY25, while total income surged 91 per cent YoY from Rs 61.49 crore. PBT also rose sharply from Rs 3.01 crore in the same period last year.
"We are pleased to report that FY26 has commenced on a strong footing, with Revenue from Operations, EBITDA and Profit After Tax surging for Q1 on a year-on-year basis, supported by the timely execution of ongoing contracts, improved resource utilisation, and operational efficiencies across service lines," the company management said.
"In July, we further strengthened our business pipeline by securing two significant contracts," it added.