Antelopus Selan Energy Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
ANTELOPUS · price
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Antelopus Selan Energy Limited reported net revenue of ₹27,888 Lakhs for FY26, up 8% from restated FY25 revenue of ₹25,808 Lakhs. Net profit grew 27% to ₹8,961 Lakhs from ₹7,057 Lakhs, with basic EPS at ₹25.49 vs ₹20.07. The auditors issued an unmodified opinion but raised two Emphasis of Matter notes: (1) the company revised the amortisation period of its Oil and Gas Assets based on new government PSC extension rules, reducing depreciation by ₹1,776 Lakhs for the year; and (2) prior year figures were restated to reflect the amalgamation of Antelopus Energy Private Limited into the company effective from April 1, 2023 (appointed date), with 1,99,62,358 shares issued to Antelopus shareholders in July 2025.
The restatement of FY25 figures and the change in accounting estimate make year-on-year comparisons less straightforward. PAT growth of 27% is strong, but the lower amortisation charge artificially inflated FY26 profits. The company also wrote off ₹472 Lakhs of exclusivity fees for the failed second Cambay Field acquisition attempt.