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Hindustan Oil Exploration Company Ltd

Q3 FY25Oil

Hindustan Oil Exploration Company Q3 FY25: Capex ₹1000 Cr

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹156
Market cap₹2.0K Cr
P/E80.1
Updated23 Aug 2026
Read4 min read

The short version

Volume growth triggers for FY25-26 expected primarily from Dirok, Kharsang, and western region fields. - B-80 volumes likely stable in FY25-26; significant volume increase contingent on drilling additional wells planned for FY26-27. - Revenue projection for FY26 aims around Rs. Company projects consolidated revenue reaching around Rs.

From Hindustan Oil Exploration Company Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Volume growth triggers for FY25-26 expected primarily from Dirok, Kharsang, and western region fields.
  • B-80 volumes likely stable in FY25-26; significant volume increase contingent on drilling additional wells planned for FY26-27.
  • Revenue projection for FY26 aims around Rs. 1000 crores, doubling from approx. Rs. 500 crores currently.
  • EBITDA margins expected to be around 50%, supporting CAPEX with no additional debt.
  • Ramp-up of gas volumes from Dirok anticipated post pipeline connectivity upgrade by end of current financial year.
  • Nine new development wells in Kharsang to be drilled starting March, with production flowing into P&L in FY25-26.

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Profitability & Margins

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Capital Expenditure Plans

  • Planned CAPEX of approximately ₹1000 crore over three years, with a focus on drilling wells and production growth starting FY 25-26.
  • Current year CAPEX is below plan due to regulatory/environmental delays; momentum expected from FY 25-26 onwards.
  • Offshore CAPEX constitutes about two-thirds (~₹650 crore), onshore about one-third (~₹350 crore), including North East (~₹250 crore) and Western region (~₹50-60 crore).
  • Drilling programs include:
  • Nine wells at Kharsang expected to start mid-March, targeting ~1200 barrels/day next year.
  • Drilling additional wells at B-80 to increase production planned for FY 26-27.
  • Exploring acquisition opportunities selectively; open to buy and sell assets based on value.

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Top-ranked in Oil

Ranked on what management guided this quarter

Guidance-ranked
1Asian Energy
Rev 2Mar 1
2Deep Industries
Rev 2Mar 2
3
Rev 2Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The transcript from the available pages does not explicitly mention current or expected orderbook or pending orders for Hindustan Oil Exploration Company. However, related insights include: - The company has bid and won the offshore Block B-15 in Mumbai, a discovered small field of about 332.4 sq km, awaiting government award and development. - There are plans for drilling programs across multiple fields, including PY-1, B-80, and others, indicating active project pipelines. - External experts and in-house teams are working on developing additional wells and infrastructure. - Petro Vietnam is engaged for evaluation and drilling support in PY-1, with drilling expected to start in FY 25-26.

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Hindustan Oil Exploration Company Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹75 Cr, net profit ₹8 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Hindustan Oil Exploration Company Ltd Q3 FY25 results?

Volume growth triggers for FY25-26 expected primarily from Dirok, Kharsang, and western region fields. - B-80 volumes likely stable in FY25-26; significant volume increase contingent on drilling additional wells planned for FY26-27. - Revenue projection for FY26 aims around Rs. Company projects consolidated revenue reaching around Rs.

What is Hindustan Oil Exploration Company Ltd share price analysis?

Hindustan Oil Exploration Company Ltd currently shows a neutral. The stock trades at a P/E of 80.1 with a market cap of ₹2,011 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hindustan Oil Exploration Company Ltd planning capital expenditure?

Planned CAPEX of approximately ₹1000 crore over three years, with a focus on drilling wells and production growth starting FY 25-26.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.