Hindustan Oil Exploration Company Releases Quarter and Annual Financial Results
Hindustan Oil Exploration Company Limited has announced its audited standalone and consolidated financial results for the quarter ended March 31, 2026, along with the annual financial results for the year ended March 31, 2025. The company’s Board of Directors approved these results in a meeting held on June 11, 2026.The company's independent auditors have issued an unmodified opinion on both the standalone and consolidated annual financial results.
Financial Performance Highlights
The financial statements provide detailed insights into the operational performance of Hindustan Oil Exploration Company Limited (HOEC). The Board noted that the standalone financial results include adjustments following a Crude Offtake and Sale Agreement (COSA) with Hindustan Petroleum Corporation Limited (HPCL), which was subsequently cancelled due to quality-related issues. In accordance with the company's accounting policy, HOEC reversed the sales of INR 25,878.15 lakhs and recognized crude oil inventory at an estimated net realizable value of INR 27,262.85 lakhs as of March 31, 2026.Consolidated Financial Results Overview
The consolidated results present the financial position of the Group, which includes HOEC (the Parent) and its subsidiaries: Hindage Oilfield Services Limited, Geopetrol International Inc., GeoEnpro Petroleum Limited, and Geopetrol Mauritius Limited.Management reported that the acquisition and operation of a 40% Participating Interest (PI) in Block B-80 generated an exceptional item gain of INR 3,251.87 lakhs during the quarter ended June 30, 2025. The consolidated results also reflected adjustments following the cancellation of a COSA with HPCL, similar to the standalone entity, by reversing sales amounting to INR 25,878.15 lakhs and recognizing inventory valued at INR 27,262.85 lakhs as at March 31, 2026.
Standalone Financial Results Snapshot (Q ended March 31, 2026)
The table below provides a summary of the key performance indicators for the quarter and full year:| Indicator | Quarter Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Revenue from operations | (INR 20,331.19 lakhs) | INR 38,498.00 lakhs |
| Total income | (INR 20,331.19 lakhs) | INR 38,498.00 lakhs |
| Total expenses | INR 123,371.22 lakhs | INR 23,650.67 lakhs |
| Profit before tax | INR 3,040.03 lakhs | INR 14,847.33 lakhs |
| Total Comprehensive Income | INR 3.10 lakhs | INR 14,709.19 lakhs |
Consolidated Financial Results Snapshot (Q ended March 31, 2026)
The consolidated entity recorded a loss in the quarter for revenue from operations:| Indicator | Quarter Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Revenue from Operations | (INR 19,057.09 lakhs) | INR 45,912.09 lakhs |
| Total income | (INR 16,818.34 lakhs) | INR 49,699.34 lakhs |
| Expenses | INR 20,819.01 lakhs | INR 34,704.21 lakhs |
| Profit before tax | INR 900.67 lakhs | INR 14,995.13 lakhs |
Financial Position Details (As at March 31, 2026)
The balance sheet highlights the overall financial structure of the company:Standalone Entity Balance Sheet Summary:
| Particulars | Value |
|---|---|
| Total Non-current Assets | INR 130,802.41 lakhs |
| Total Current Assets | INR 58,651.89 lakhs |
| TOTAL ASSETS | INR 199,454.30 lakhs |
| Total Equity | INR 126,967.50 lakhs |
| Total Liabilities | INR 72,486.80 lakhs |
Consolidated Entity Balance Sheet Summary:
| Particulars | Value |
|---|---|
| Total Non-current assets | INR 165,744.09 lakhs |
| Total Current assets | INR 53,335.26 lakhs |
| TOTAL ASSETS | INR 219,079.35 lakhs |
| Total Equity | INR 38,470.75 lakhs |
| Total Liabilities | INR 78,608.60 lakhs |
The results were reviewed by the Audit Committee and approved by the Board of Directors on June 11, 2026.
HINDOILEXP Stock Price Movement
Hindustan Oil Exploration Company Limited shares shed 5.91% in post-market trading, settling at ₹167.70 today. Trading volume for the company reached 2.21 million shares as it closed after a challenging session.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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