| Revenue growth | Negative due to HPCL sale reversal and lower production. |
|---|---|
| Margins | Lifting cost stable at $28.4/barrel vs $28.6/barrel YoY. |
| Demand visibility | Strong gas shortfall in India supports Dirok production ramp-up. |
| Management confidence | High on reserve base; first call for new MD & CEO. |
Growth
Financials were negative this year; standalone revenue was INR 288cr vs INR 344cr last year due to HPCL reversal.
Outlook
Targeting 11,000 boepd by June 2027 and 32,000 boepd by 2029 through 20+ planned wells and B-80/PY-1 revival.
Risks
Pipeline evacuation constraints in the East; operational delays in drilling; rig availability; volatility in global energy costs.
Last quarter's promises, checked
Delivered
- Guided 90 operational days for B-80 → delivered 89 days (= BEAT)
- Guided DNPL mechanical completion → delivered Completed (= BEAT)
- Guided Kharsang 5 oil wells → delivered 5 oil wells (= BEAT)
Partly delivered
- Guided Kharsang 9 wells → delivered 8 drilled, 9th in progress (= PARTIAL)
- Guided Dirok revenue growth → delivered Rs. 23.78cr vs Rs. 26.57cr Prev Qtr (= MISS)
Missed
- Guided B-80 workover by Feb 2026 → delivered Delayed to post-monsoon (= MISS)
- Guided PY-1 drilling start April → delivered Delayed to October (= MISS)
- Guided Dirok offtake 14 mmscfd → delivered 13 mmscfd (= MISS)
Earnings Call filed with NSE, 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.