| Revenue growth | FY26 revenue down 34.4% YoY to ₹301.3 Cr. |
|---|---|
| Margins | EBITDA margin at 41.3%, impacted by lower production and dispute. |
| Management confidence | High on B-80 resolution and North East production ramp-up. |
Growth
FY26 Revenue fell 34.4% YoY; EBITDA dropped 50% to ₹124.5 Cr; PAT declined 57.4% to ₹62.8 Cr.
Outlook
Drilling 3 new wells at B-80 in Q4FY27; ₹30.5m capex planned; Kharsang oil production ramped 2x.
Risks
₹260 Cr revenue held up in HPCL dispute; production at Dirok constrained by gas evacuation infrastructure issues.
Last quarter's promises, checked
Delivered
- Mechanical completion of DNPL line → Completed (= BEAT)
- Kharsang drilling progress → 8 wells drilled, 9th in progress (= BEAT)
- B-80 operational days → 89 days in Q3 (= BEAT)
Partly delivered
- HPCL dispute resolution → Pending with legal/amicable talks (= PARTIAL)
- B-80 workover timeline → Delayed to post-monsoon (= PARTIAL)
- PY-1 drilling start → Shifted from April to October (= PARTIAL)
Missed
- Dirok offtake previous quarter 14 mmscfd → 13 mmscfd (= MISS)
- Dirok sales volume 0.34 bcf → 0.31 bcf (= MISS)
- Realized price $7.8/mmbtu → $7.32/mmbtu (= 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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- Value
- ₹1,000 Cr
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.