Asian Energy Services’ Revenue Grows by 52 Percent to INR 465 Cr in FY25, PAT up by 65 Percent
Asian Energy Services reported a 52 percent revenue growth to INR 465 crore in FY25, driven by strong operational performance and robust order book. The company’s Profit after Tax (PAT) for FY25 reached INR 42.2 crore, an increase of 65 percent as compared to the same period last year.
May 19, 2025. By Mrinmoy Dey
For FY25, EBITDA stood at INR 72.3 crore with a margin of 15.5 percent, reflecting a strong improvement of 67 percent YoY. In Q4FY25, EBITDA increased to INR 33.5 crores with a growth of 35 percent YoY, with a margin of 15.7 percent, showcasing strong operational performance, said the company in a statement.
The company’s Profit after Tax (PAT) for FY25 reached INR 42.2 crore, an increase of 65 percent as compared to the same period last year. In Q4FY25, PAT soared to INR 22.6 crore an increase of 54 percent YoY.
The company’s total order book stands at ~ INR 973 crore (as on March 31, 2025), led by O&M at 56 percent, Infrastructure/CHP at 36 percent, and Seismic at 8 percent. “With a robust order book and the strategic acquisition of Kuiper Group, we are well-positioned to expand our presence in new geographies,” said Kapil Garg, Managing Director, Asian Energy Services.
In FY25, the company has successfully raised INR 157 crore through preferential warrants, strengthening its capital base. “We continue to maintain a healthy financial position with minimal leverage, which provides us with the flexibility to pursue both organic and inorganic growth opportunities,” he said.
In FY25, the company announced the acquisition of a 100 percent stake in Kuiper Group, UAE, from Gulf Capital (a marquee PE fund) for a total consideration of USD 9.25 million in an all-cash transaction.
“The acquisition of Kuiper Group marks a pivotal milestone in our journey to expand our footprint across key energy markets in the Middle East and Southeast Asia. Kuiper is a profitable entity, with revenues of approximately USD 68 million in CY2024. This strategic move significantly strengthens our O&M capabilities, broadens our service offerings, and provides access to a much larger addressable market in these regions,” stated Garg.
He further added, “In FY26, we are targeting revenue of INR 650-700 crore, i.e. growth of 40-50 percent on FY25 numbers (without Kuiper). We will grow rapidly with Kuiper coming into our fold and provide revised guidance once acquisition is complete.”
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