ALFA Finder
The call ran from 7:31 PM to 8:51 PM IST (1 h 21 min).
Key takeaways
Q2 FY27 consolidated revenue ₹151.8 Cr, EBITDA ₹37.5 Cr (24.7% margin), PAT ₹19.0 Cr. Profit flattered by a one-time HPCL crude sale (~₹57.8 Cr) and a smaller inventory write-down.
| Revenue growth | Q2 revenue ₹151.8 Cr, up QoQ; HPCL one-time sale aided. |
|---|---|
| Margins | EBITDA margin 24.7%, with one-off HPCL sale included. |
| Demand visibility | Domestic gas demand uncertain; PY1 offtake needs firm take-or-pay contract. |
| Management confidence | Over-optimistic: volume targets firm despite repeated timeline slippage. |
Growth
QoQ revenue rose to ₹151.8 Cr; EBITDA more than doubled, aided by the one-time HPCL crude sale.
Outlook
Targets 11,000 boe/d by mid-2027, 22,000 by FY28, 30,000-32,000 by 2029. Gross debt ₹211.1 Cr, cash ₹166 Cr.
Risks
HPCL dispute in arbitration; D2 well ~93% water-cut; liquidity relies on ₹125 Cr loan and sought ₹600 Cr facility.
Last quarter's promises, checked
Partly delivered
- Guided debt raise to fund B-80 program (Aug: ₹20 Cr bank loan only) → ₹125 Cr loan raised; ₹600 Cr facility sought (= PARTIAL)
Missed
- Guided D1/D2 workovers by Oct-26 to lift output → D2 watered out at ~93% water-cut (= MISS)
- Guided HPCL crude cleared by early Nov-26 via amicable conciliation → dispute in arbitration (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Hindustan Oil Exploration Company Q2 FY27 Results: Net Profit ₹18.9 Cr, Up 575.0% YoY
Hindustan Oil Exploration Company Ltd reported revenue from operations of ₹151.8 Cr (-53.3% YoY) and net profit of ₹18.9 Cr (+575.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹18.9 Cr · +575.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 11,000 barrels/day production by June 2027 dependent on successful B-80 workovers.
Growth they described
Kharsang volumes jumped 40% YoY; Dirok and B-80 face infrastructure and water-cut constraints respectively.
Call details
| Company | Hindustan Oil Exploration Company Ltd |
|---|---|
| NSE symbol | HINDOILEXP |
| ISIN | INE345A01011 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 7:30 PM IST |
| Length | 1 h 21 min |
| Audio | Our stream on YouTube ↗ |
Hindustan Oil Exploration Company Ltd: key numbers
- Share price
- ₹151.84
- Market cap
- ₹2,008 Cr
- Revenue (annual)
- ₹263.1 Cr
- Net profit (annual)
- ₹62.75 Cr
- P/E (TTM)
- 48.8×Sector 17.2×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 1.95%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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