Hindustan Oil Exploration Company Limited (HOEC) – Q1 FY26 Results Summary
Announcement Date: August 14, 2025

• Financial Performance (₹ lakhs):

  • Standalone revenue: ₹8,348 (Q1 FY26) vs ₹7,842 (Q1 FY25), up 6.5% YoY; down from ₹14,261 in Q4 FY25.
  • Standalone profit before tax: ₹4,821 (includes exceptional gain of ₹3,252) vs ₹1,263 (Q1 FY25).
  • Consolidated revenue: ₹8,550 (Q1 FY26) vs ₹14,341 (Q1 FY25), down 40.4% YoY; up from ₹5,958 in Q4 FY25.
  • Consolidated profit before tax: ₹4,474 (includes ₹3,252 exceptional gain) vs ₹4,850 (Q1 FY25).
  • Standalone EPS: ₹3.65 (Q1 FY26) vs ₹0.92 (Q1 FY25).
  • Consolidated EPS: ₹3.32 (Q1 FY26) vs ₹3.17 (Q1 FY25).
  • Standalone PBT margin (excl. exceptional): ~19%; Consolidated PBT margin (excl. exceptional): ~15%.

• Exceptional Item:

  • ₹3,252 lakhs provisional fair value gain on remeasurement of previously held 60% Participating Interest in Block B-80 following acquisition of remaining 40% from Adbhoot Estates Private Limited (effective April 1, 2024; Govt. approval July 29, 2025).

• Segment: Single segment – Oil and Gas.

• Corporate Activity:

  • Acquisition of 40% Participating Interest in Block B-80 completed, resulting in 100% ownership.

• Taxation:

  • No current tax in standalone Q1 FY26; consolidated tax expense ₹86.62 lakhs.

• Other Notes:

  • Auditor issued clean limited review report with no qualifications.
  • No changes in accounting policies or material adjustments.
  • Consistent minor losses in Other Comprehensive Income related to defined benefit plans.
  • No capex or project updates disclosed.

This summary reflects HOEC’s Q1 FY26 financials, key acquisition impact, and auditor’s clean review, providing a basis for further investment analysis.