Hindustan Oil Exploration Company's Q1 FY 2025-26 Quarterly Results

Result Summary

• Hindustan Oil Exploration Company Ltd reported a 72.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 44.5%.
• Its expenses for the quarter were down by 71.3% QoQ and 29.5% YoY.
• The net profit decreased 37.9% QoQ and increased 4.7% YoY.
• The earnings per share (EPS) of Hindustan Oil Exploration Company Ltd stood at 3.32 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Hindustan Oil Exploration Company Ltd (HOEC) is a prominent player in the oil and gas industry, primarily engaged in the exploration, development, and production of crude oil and natural gas. As a part of the energy sector, HOEC operates within the upstream segment, focusing on the initial stages of oil and gas production. The company is involved in various projects across India and has a portfolio of exploration blocks. However, specific recent developments or strategic initiatives undertaken by the company are not available in the provided data. HOEC's operations are influenced by global oil prices, regulatory changes, and technological advancements within the energy sector.

Revenue

In Q1FY26, Hindustan Oil Exploration Company Ltd reported a total income of ₹81.51 crores, compared to ₹292.61 crores in Q4FY25 and ₹146.75 crores in Q1FY25. This reflects a significant quarter-over-quarter (QoQ) decline of 72.1% and a year-over-year (YoY) decrease of 44.5%. The substantial reduction in total income on a QoQ basis indicates a considerable change in the company's revenue-generating activities between the quarters. Similarly, the YoY decline suggests a marked decrease in revenue when compared to the same quarter of the previous year.

Profitability

For Q1FY26, the company recorded a profit before tax of ₹44.74 crores, down from ₹83.94 crores in Q4FY25 and ₹48.50 crores in Q1FY25. This represents a QoQ decrease of 46.7% and a YoY decline of 7.8%. The tax expense for Q1FY26 was ₹0.87 crores, showing a significant reduction from ₹14.59 crores in Q4FY25 and ₹6.58 crores in Q1FY25, with a QoQ decrease of 94.0% and a YoY decrease of 86.8%. Consequently, the profit after tax stood at ₹43.87 crores, compared to ₹70.61 crores in the previous quarter and ₹41.92 crores in the same quarter last year. This results in a QoQ decline of 37.9% but a YoY increase of 4.7%. The earnings per share (EPS) also followed a similar trend, registering ₹3.32 in Q1FY26, reflecting a QoQ decrease of 37.8% but a YoY increase of 4.7%, compared to ₹5.34 in Q4FY25 and ₹3.17 in Q1FY25.

Operating Metrics

Total expenses for Q1FY26 were ₹69.29 crores, down from ₹241.54 crores in Q4FY25 and ₹98.25 crores in Q1FY25. This indicates a QoQ decline of 71.3% and a YoY decrease of 29.5%. The decrease in total expenses aligns with the reduction in total income, suggesting a scaling down of operational activities or cost-saving measures during this period. The financial data does not provide enough details to calculate specific financial ratios such as the P/E ratio, debt-to-equity ratio, or current ratio. However, the trends in expenses and income reflect significant operational changes impacting the company's financial performance over the analyzed periods.