Mumbai: 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.
Quarterly Performance: Q4FY24 (Rs Cr)
Q4FY23 Q3FY24 Q4FY24
TOTAL INCOME 30.27 95.42 119.55
EBITDA -1.67 16.14 24.07
NET PROFIT -6.7 12.72 14.67
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 Rs 24.07 CR vs a loss of 1.67 Cr for Q4FY23.
Annual Performance: Q4FY24 (Rs Cr)
FY23 FY24
TOTAL INCOME 114.05 311.28
EBITDA -20.13 47.76
NET PROFIT -44.44 25.55
- 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 worth as on FY24 stood at Rs 278Cr.
- The company is net debt free with a healthy cash and bank balance.
Key Ratios:
- Gross Debt to Equity as on FY24 stands at 0.08x
- Current Ratio stands at 2.1
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 24Cr and Profit Before Tax of Rs 19Cr which is one of the best quarters in the company’s history. The current orderbook gives us confidence to capitalize on this momentum in coming quarters and years. We see a vast landscape 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.”