Antelopus Selan Energy Limited Announces Quarterly Results and Names New Internal Auditor
Antelopus Selan Energy Limited, formerly SELAN EXPLORATION TECHNOLOGY LIMITED, announced its unaudited financial results for the quarter ended June 30, 2026. The company's Board of Directors, during a meeting held on July 27, 2026, approved these results and appointed M/s Soxmate Consultants LLP as the Internal Auditor for Fiscal Year (FY) 2026-27.The company’s operating performance for the quarter reflected strong revenue generation, with Total Income reported at ₹28,777 Lakhs. The unaudited figures detail the financial status against previously reported figures in Q4 of 2025 and Q1 of 2026.
Financial Performance Highlights (Quarter Ended June 30, 2026)
The financial results show significant revenue streams from both operating activities and other income. The company recorded a Net Profit for the period of ₹1,432 Lakhs. Basic Earnings Per Share stood at ₹15.45 per share, with Diluted EPS reported at ₹15.36.Financial data across different quarters, presented in Lakhs:
| Particulars | Q ended June 30, 2026 (Unaudited) | Q ended March 31, 2026 (Audited) | Q ended Dec 31, 2025 (Unaudited) |
|---|---|---|---|
| Total Income | 28,777 | 5,361 | 11,049 |
| Profit before Tax and Exceptional Items | 514 | N/A | N/A |
| Net Profit for the Period | 1,432 | 1,122 | 8,961 |
Auditor’s Review and Accounting Notes
The Independent Auditor’s Limited Review Report highlighted specific accounting aspects related to the company’s "Oil and Gas Assets." The report mentioned that a revised estimation of the amortisation period for these assets has led to a reduced amortisation charge. This reduction was noted as lower by ₹1,193 Lakhs for the quarter ended June 30, 2026.The company's management previously concluded that the oil and gas unit of specific fields would generate economic benefits over an extended period, based on extension provisions granted under related policies. This led to a change in accounting estimates, which resulted in the lower amortisation charge being applied for the current quarter.
Other financial notes confirmed that a portion of the company's Share Suspense Account relates to shares pending issuance consequent to a Scheme of Amalgamation involving Antelopus Energy Private Unlimited (Antelopua).
ANTELOPUS Stock Price Movement
Antelopus Selan Energy Limited shares slipped today, closing at ₹875.55 after shedding 1.95% in post-market trading. The equity traded a volume of 138,813 shares as the market settled for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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