Selan Exploration Technology Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
ANTELOPUS · price
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Selan Exploration Technology Limited announced its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the allotment of 1,99,62,358 equity shares (face value Rs 10) to shareholders of Antelopus Energy Private Limited following the NCLT-approved merger that became effective on July 5, 2025. Revenue from operations (net) fell to Rs 5,063 lakhs from Rs 6,346 lakhs in Q1 FY25 (restated), a decline of about 20%, while net profit dropped to Rs 1,122 lakhs from Rs 1,783 lakhs, a fall of roughly 37%. Basic EPS slipped to Rs 3.19 from Rs 5.07. Prior period figures have been restated under Ind AS 103 to reflect the common-control merger. The company is also progressing with the acquisition of the remaining 50% participating interest in the Cambay Field, with further payments of up to USD 13.5 million pending. A name change to 'Antelopus Selan Energy Limited' is awaiting regulatory approval.
Shareholders should note significant share dilution from the merger-driven allotment, with earnings per share falling sharply. The weaker quarterly performance reflects lower crude oil revenue, though the merger brings additional assets and the Cambay Field acquisition could boost future production. The stock may see near-term pressure on per-share metrics but the consolidated entity is now larger.