Aakash Exploration Services Limited is an India-based company, which provides services for oil and gas exploration. The Company operates through the manufacture of Refined Petroleum Products segment. It provides its services to M/S Oil & Natural Gas Corporation Ltd, Ahmedabad, Mehsana and Hazira Projects and also provides similar services to private oil field operators, namely GSPCL, Cairn, Essar, Great Eastern Energy, Indian Oil Corporation (IOC), Niko, Oil India Limited (OIL), Price Petroleum and others. It is engaged in various projects, including Hindustan Oil Exploration Company Ltd, Oil and Natural Gas Corporation Limited (ONGC), Reliance, Vedanta and Oil India. Its services include oil enhance recovery; well head maintenance; well head greasing; hot oil circulation unit; mold guide on sucker rod; drilling rig; chemical dosing pump; acid pumping unit; sucker rod pumping unit; flush by unit; workover rig; mobile air compressor; mobile pumping unit, and mobile steaming unit.
AAKASH EXPLORATION Financial Highlights
- Revenue: AAKASH EXPLORATION reported revenue of ₹92.82 crore in FY24 vs ₹94.07 crore in FY23. It showed a decrease of 1.33% on a yearly basis.
- Operating Profit: AAKASH EXPLORATION reported an operating profit of ₹8.38 crore in FY24 vs ₹6.14 crore in FY23. It showed an increase of 36.48% on a year-on-year basis.
- Net Profit: AAKASH EXPLORATION reported a net profit of ₹6.21 crore in FY24 vs ₹4.54 crore in FY23. It showed an increase of 36.78% on a yearly basis.
AAKASH EXPLORATION Quarterly Result Highlights
- AAKASH EXPLORATION reported revenue of ₹23.66 crore in Dec 2024, compared with ₹23.42 crore in Sep 2024, representing an increase of 1.02% on a quarter-on-quarter (QoQ) basis.
- AAKASH EXPLORATION reported an operating profit of ₹0.37 crore in Dec 2024, compared with ₹0.18 crore in Sep 2024, representing an increase of 105.56% on a quarter-on-quarter (QoQ) basis.
- AAKASH EXPLORATION reported a profit of ₹0.26 crore in Dec 2024, compared with ₹0.11 crore in Sep 2024, reflecting an increase of 136.36% on a QoQ basis.
- The earnings per share (EPS) of AAKASH EXPLORATION stood at ₹0.01 during Dec 2024.