Hindustan Oil Exploration Company's Q2 FY 2025-26 Quarterly Results

Result Summary

• Hindustan Oil Exploration Company Ltd reported a 289.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 218.7%.
• Its expenses for the quarter were up by 352.4% QoQ and 263.7% YoY.
• The net profit decreased 93.5% QoQ and decreased 73.8% YoY.
• The earnings per share (EPS) of Hindustan Oil Exploration Company Ltd stood at 0.21 during Q2 FY 2025-26.

Financial Statments for Q2 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 primarily engaged in the exploration and production of oil and natural gas. The company operates in the energy sector, focusing on upstream activities related to oil and gas extraction. As of the latest updates, no major recent developments or significant events have been noted beyond what is publicly available. The company's operations are influenced by factors such as crude oil prices, regulatory policies, and exploration success. HOEC's performance is highly dependent on its ability to efficiently extract and market oil and gas products.

Revenue

The total income for Hindustan Oil Exploration Company Ltd in Q2FY26 was ₹317.41 crores, representing a significant increase from ₹81.51 crores in Q1FY26 and ₹99.58 crores in Q2FY25. This reflects a quarter-over-quarter (QoQ) growth of 289.4% and a year-over-year (YoY) increase of 218.7%. The substantial rise in revenue compared to both the previous quarter and the same quarter of the prior year highlights a notable change in the company's revenue-generating activities, which could be due to various operational factors or market conditions.

Profitability

In Q2FY26, Hindustan Oil Exploration Company Ltd reported a profit before tax of ₹3.97 crores, a decrease from ₹44.74 crores in Q1FY26 and ₹13.41 crores in Q2FY25. This indicates a QoQ decline of 91.1% and a YoY decrease of 70.4%. The tax expense for Q2FY26 was ₹1.14 crores, compared to ₹0.87 crores in Q1FY26 and ₹2.59 crores in Q2FY25, showing a 31.0% QoQ increase and a 56.0% YoY reduction. Consequently, the profit after tax stood at ₹2.83 crores, down from ₹43.87 crores in Q1FY26 and ₹10.81 crores in Q2FY25, marking a 93.5% QoQ drop and a 73.8% YoY decline. Earnings per Share (EPS) were ₹0.21, decreasing from ₹3.32 in Q1FY26 and ₹0.82 in Q2FY25, reflecting a 93.7% QoQ decline and a 74.4% YoY reduction. These figures indicate variations in profitability metrics over the periods considered.

Operating Metrics

Total expenses for Hindustan Oil Exploration Company Ltd in Q2FY26 amounted to ₹313.44 crores, significantly increasing from ₹69.29 crores in Q1FY26 and ₹86.17 crores in Q2FY25. This represents a QoQ rise of 352.4% and a YoY increase of 263.7%. The notable rise in expenses, both QoQ and YoY, suggests a substantial change in the company's cost structure or operational activities. The significant changes in both revenue and expenses have impacted the company's profitability metrics, as seen in the financial data.