| Revenue growth | Sharp YoY decline to ₹81cr due to lower volumes and prices. |
|---|---|
| Margins | EBITDA margins targeted at 60% post-infrastructure resolution. |
| Demand visibility | Constrained by pipeline infrastructure; hopes for FY27 grid connectivity. |
| Management confidence | Defensive tone regarding HPCL dispute and recurring project delays. |
Growth
Revenue fell to ₹81cr from ₹156cr YoY due to lower Dirok off-take and BIT field underperformance.
Outlook
Targeting 3x Dirok production (45 MMSCFD) post-grid connection in FY27 and 60% EBITDA margins.
Risks
Unresolved ₹259cr HPCL receivable blocks capex; consistent drilling and production delays across B80 and Dirok fields.
Last quarter's promises, checked
Delivered
- Mechanical completion of DNPL line → Completed (= BEAT)
- B-80 operational days → 89 days (= BEAT)
- Drill 8 wells in Kharsang → 8 wells drilled (= BEAT)
Partly delivered
- Workover B-80 well in Feb → Delayed to post-monsoon (= PARTIAL)
- Connect IGGL to Numaligarh → Mechanical done, hook-up pending (= PARTIAL)
- Kharsang 1,000+ bopd target → 800 bopd current (= PARTIAL)
Missed
- Resolve HPCL dispute last quarter → Still pending ₹259cr (= MISS)
- Revenue ₹156cr YoY → ₹81cr (= MISS)
- Dirok gas sales 14 mmscfd → 13 mmscfd (= MISS)
Earnings Call filed with BSE, NSE: HINDOILEXP. Summary written with AI assistance from the document.
Hindustan Oil Exploration Company Ltd: key numbers
- Share price
- ₹173.38
- Market cap
- ₹2,293 Cr
- Revenue (annual)
- ₹263.1 Cr
- Net profit (annual)
- ₹62.75 Cr
- P/E (TTM)
- 91.3×Sector 18.7×
- Promoter holding
- 0.00%+0.00% QoQ
- FII holding
- 1.88%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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Hindustan Oil Exploration Company Earnings Call Transcript: Key Takeaways
Management is navigating complex operational delays in Assam and debt-dependent growth plans for B-80 while attempting to preserve cordial relations with HPCL despite a major inventory dispute.