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Asian Energy Services Ltd Q1FY24; 68% rise in Revenue

Asian Energy Services Ltd is an oilfield service and reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services and operation and maintenance services for oilfields.
It is one of the few companies providing end-to-end services in the upstream oil segment.

Financial Results:

Asian Energy Services Ltd reported Revenues for Q1FY24 of ₹46.02 Crores up from ₹27.44 Crore year on year, a rise of 67.71%.

Total Expenses for Q1FY24 of ₹52.09 Crores up from ₹38.98 Crores year on year, a rise of 33.63%.

Consolidated Net Profit of -₹3.03 Crores from -₹8.46 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.79, from -₹2.20 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Oil & Gas
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