Selan Exploration Technology Limited has informed the Exchange regarding 'Investor Presentation on Q1 FY'26'.
ANTELOPUS · price
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Selan Exploration Technology reported Q1 FY26 results alongside strategic updates. The merger with Antelopus Energy Private Limited (AEPL) is now complete, and the combined entity will be renamed Antelopus Selan Energy Limited. Production has commenced from the KG Basin 'Dangeru' field, two new wells have been drilled at Karjisan (production from end-August), and around 50% of the Duarmara well has been drilled (production targeted by end Q2 FY26). The company also announced acquisition of the remaining 50% Participating Interest in the Cambay Block. Q1 FY26 total income came in at INR 53.56 Cr (down from INR 64.96 Cr in Q4 FY25), with average sales of 1063 boepd versus 1177 boepd in the previous quarter, mainly due to a 10% drop in price realisations, natural decline at Bakrol, and operational issues with key Bakrol wells. EBITDA stood at INR 29.76 Cr with margins actually improving QoQ to 56% (vs 52% in Q4 FY25), and net profit was INR 11.22 Cr versus INR 14.78 Cr in Q4 FY25.
The quarter saw lower revenue and profit due to weaker oil prices and field-level declines, but the company highlighted a strong multi-field growth pipeline including the AEPL merger, Cambay block full ownership, and new production from KG Basin and Duarmara, which could support volume recovery in coming quarters. Margins remained healthy at 56%, which is a positive signal despite the top-line softness.