Hindustan Oil Exploration Company Limited has informed the Exchange about Presentation
HINDOILEXP · price
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HOEC filed its Q1FY26 earnings presentation with NSE/BSE. Gross production rose 16.7% quarter-on-quarter to 6,369 BOEPD, driven mainly by Dirok gas output jumping to 20.22 mmscfd from 15.57 mmscfd. The company increased its participating interest in B-80 (Mumbai Offshore) to 100% from 60%, and signed a 100% Revenue Sharing Contract for the B-15 block where two discoveries have been made. Kharsang added 350 bpd from three newly hooked-up wells. Consolidated revenue from operations stood at Rs 78.65 crore, net profit at Rs 43.87 crore (EPS Rs 3.32), helped by Rs 32.52 crore of exceptional items. Standalone net profit jumped sharply to Rs 48.21 crore versus Rs 11.39 crore in Q1FY25.
Strong operational momentum from Dirok and the full ownership of B-80 should support future production growth, though Q1 core profit before tax and exceptionals fell to Rs 12.22 crore from Rs 35.58 crore in Q4FY25, signalling margin pressure on core operations despite headline PAT remaining healthy.