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Asian Energy Services Limited,specializing in servicing the energy and mining sector, has announced audited results for the quarter and full year ended March 2024.

QuarterlyPerformance:Q4FY24(Rs Cr)

The company recorded a consolidated revenue of Rs 119.55 Cr for Q4FY24 as against Rs 30.27 Cr for Q4FY23.The consolidated EBIDTA for the quarter stands at Rs24.07 CR vsaloss of 1.67 Cr for Q4FY23.

• The company’s order book from third party contracts is currently more than Rs 1000Cr. It is well diversified among various business segments and clients. In the current quarter, the order book of the company has 5
• contracts for mining services and 6 contracts for Oil & Gas services.
• Net worthasonFY24stoodat Rs278Cr.
• The company is net debt free with a healthy cash and bank balance.

Key Ratios:

• GrossDebttoEquityasonFY24standsat0.08x
• CurrentRatiostandsat2.1

Commenting on the performance, Mr. Kapil Garg, Managing Director, said, “Reflecting on the Q4FY24 financial results, we are extremely proud that the company has reached a significant landmark and delivered all-around strong operating and financial performance, which is a result of our steadfast commitment to excellence in every aspect. In Q4, our performance has further picked up momentum with EBIDTA of Rs 24 Cr and Profit BeforeTax of Rs19 Cr which is one of the best quarter sinthe company’s history. The current orderbook gives us confidence to capitalize on this momentumincomingquartersandyears.Weseeavastlandscape of new opportunities in the Mining and Oil & Gas sectors in India with the Govt's renewed focus on “Atmanirbhar Bharat”. We are well poised to capitalize on these prospects and remain committed towards long term value creation for all stakeholders.”

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