This is to inform you that the Board of Directors in their meeting held today i.e. May 04, 2026 inter-alia approved the Audited Financial Results for the quarter and year ended March 31, ....
ANTELOPUS · price
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The Board approved the audited financial results for the quarter and year ended March 31, 2026. Net revenue stood at ₹27,888 lakhs (up ~8% YoY) and net profit at ₹8,961 lakhs (up ~27% YoY from restated ₹7,057 lakhs). The auditors issued an unmodified opinion but included two 'Emphasis of Matter' notes: (1) a change in accounting estimate extending the amortization period of Oil & Gas assets by 10 years for Bakrol, Lahar and Cambay fields, reducing amortization by ₹1,776 lakhs for the year; and (2) restatement of prior year figures due to the completed amalgamation of Antelopus Energy Private Limited into the company (appointed date April 1, 2023). Additionally, 1,99,62,358 equity shares were allotted to Antelopus shareholders during the year, and a proposed acquisition of the remaining 50% participating interest in Cambay Field was not completed as the exclusivity period expired, resulting in a ₹472.54 lakhs write-off. The company has no long-term borrowings.
The ~27% PAT growth is positive but partially inflated by a ₹1,776 lakh reduction in amortization charges from the accounting estimate change. The restatement of prior year figures and the failed Cambay acquisition carry-off may raise questions on deal evaluation, though the clean audit opinion is reassuring. The amalgamation accounting is now complete, providing cleaner comparatives going forward.