Asian Energy Services Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Asian Energy Services Ltd reported a 5.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 2.3%.
- Its expenses for the quarter were down by 4.0% QoQ and 1.1% YoY.
- The net profit decreased 11.3% QoQ and decreased 40.0% YoY.
- The earnings per share (EPS) of Asian Energy Services Ltd stood at 1.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 93.25 | 98.57 | 95.42 | -5.4% | -2.3% |
Total Expenses | 83.74 | 87.24 | 84.68 | -4.0% | -1.1% |
Profit Before Tax | 9.51 | 11.33 | 10.56 | -16.1% | -9.9% |
Tax | 2.96 | 3.51 | -2.49 | -15.7% | -218.9% |
Profit After Tax | 8.25 | 9.30 | 13.75 | -11.3% | -40.0% |
Earnings Per Share | 1.80 | 2.20 | 3.40 | -18.2% | -47.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Asian Energy Services Ltd is a company primarily engaged in providing services to the energy sector. The company is involved in offering a range of services including seismic data acquisition, analysis, and interpretation which are essential for exploration and production activities in the oil and gas industry. As of my last update, Asian Energy Services Ltd is known for its operations in India and has been expanding its services to other regions. However, specific recent developments or strategic changes within the company are not provided in the data available for this analysis.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Asian Energy Services Ltd reported a total income of ₹93.25 crores. This represents a decrease of 5.4% compared to the previous quarter (Q2FY25) where total income was ₹98.57 crores. On a year-over-year basis, there was a 2.3% decline in total income from ₹95.42 crores in Q3FY24. These figures indicate a slight decrease in revenue generation over both the quarterly and annual periods provided.
Profitability
The company's profitability has faced some challenges in Q3FY25. The profit before tax for this quarter was ₹9.51 crores, reflecting a decrease of 16.1% from ₹11.33 crores in Q2FY25 and a 9.9% decline from ₹10.56 crores in Q3FY24. The profit after tax was ₹8.25 crores, which is an 11.3% decrease from the ₹9.30 crores reported in the previous quarter, and a significant decrease of 40.0% compared to ₹13.75 crores in Q3FY24. Additionally, the earnings per share for Q3FY25 stood at ₹1.80, down 18.2% from ₹2.20 in Q2FY25, and 47.1% from ₹3.40 in Q3FY24.
Operating Metrics
The total expenses for Asian Energy Services Ltd in Q3FY25 amounted to ₹83.74 crores. This represents a decrease of 4.0% from the previous quarter's expenses of ₹87.24 crores and a slight decrease of 1.1% from the expenses of ₹84.68 crores in Q3FY24. The tax expense recorded in Q3FY25 was ₹2.96 crores, which is a 15.7% decrease from ₹3.51 crores in Q2FY25. Notably, there is a significant year-over-year difference, as the company had a tax benefit of ₹2.49 crores in Q3FY24. This shift from a tax benefit to a tax expense could impact the overall profitability metrics.
