Arthneeti
Hindustan Oil Exploration Company Ltd Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹124 CrSee revenue, profit and what management said. You are viewing Q3 FY26.
HO

Hindustan Oil Exploration Company Ltd

Q3 FY26Oil

Hindustan Oil Exploration Company Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Revenue
₹75Cr
−49% YoY
Net profit
₹8Cr
−81.4% YoY
Margin
36%
−15 pp YoY
Price₹156
Market cap₹2.0K Cr
P/E80.1

The short version

Expecting a threefold increase in production in FY 2027-28, primarily driven by Northeast gas grid connectivity (Page 6, 7). Management expects production to increase significantly, especially with Northeast grid connectivity for Dirok, targeting about a threefold rise in production by FY 27-28.

From Hindustan Oil Exploration Company Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Expecting a threefold increase in production in FY 2027-28, primarily driven by Northeast gas grid connectivity (Page 6, 7).
  • Kharsang field expected to ramp up by approximately 2,000 barrels per day; Dirok production anticipated to triple current levels (Pages 11, 12).
  • Dirok gas production expected to reach 40-45 million cubic feet per day with grid connection by Q1 FY 2027 (Pages 7, 8).
  • Targeting over 1,000 barrels per day from new wells in Kharsang block (Page 11).
  • Plans to drill multiple wells offshore and onshore across various fields for unlocking potential and increasing output (Page 6).

2 more points from Hindustan Oil Exploration Company Ltd's call on revenue

Create a free account to keep reading this call

Profitability & Margins

See what Hindustan Oil Exploration Company Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Capex budget proposed for drilling 9 new wells and 1 deeper well at Kharsang, awaiting partner approvals (65% pending).
  • Plans for workover of B-80 well to improve production, delayed until post-monsoon due to resource constraints and rig availability.
  • Development plans for B15 field underway; awaiting mining lease approval to submit development plan to Government of India; production expected within about 2 years post-approval.
  • Drilling activities ongoing: monthly wells at Kharsang, pending rig for North Dirok and extensions awaiting government approvals.
  • No immediate borrowing planned for onshore development, relying on internal accruals and continued production.

2 more points from Hindustan Oil Exploration Company Ltd's call on capex

Create a free account to keep reading this call

Top-ranked in Oil

Ranked on what management guided this quarter

Guidance-ranked
1Prabha Energy
Rev 1Mar 3
2Deep Industries
Rev 2Mar 1
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 2Mar 3
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Hindustan Oil Exploration Company Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

See what Hindustan Oil Exploration Company Ltd said on order book & pipeline — free account, 30 seconds.

Hindustan Oil Exploration Company Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Hindustan Oil Exploration Company Ltd Q3 FY26 results — key figures

Hindustan Oil Exploration Company Ltd Q3 FY26 reported results vs Q3 FY25, ₹ crore
₹ CrQ3 FY26Q3 FY25YoYQ2 FY26QoQ
Revenue75147-49%315-76.2%
Operating profit (EBITDA)2774-63.5%23+17.4%
Operating margin36%51%-15 pp7%+29 pp
Profit before tax752-86.5%4+75%
Net profit (PAT)843-81.4%3+166.7%
EPS (₹)0.633.28-80.8%0.21+200%

Source: reported quarterly figures (Screener), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹124 Cr, net profit ₹19 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

Continue your research

What Hindustan Oil Exploration Company's management said in earlier quarters

Earlier calls (5)

Others in Oil this season

  • Aegis Vopak Term (Q3 FY26)

    Revenue from operations for FY26 increased 18.3% YoY to INR549.1 crores, with liquid term revenue up 26.6% and gas up 8.4%. Key concall takeaways from Aegis…

  • Antelopus Selan (Q3 FY26)

    +20% YoY) . Key investor presentation takeaways from Antelopus Selan Energy Ltd's Q3 FY26 investor presentation — and how it ranks against sector peers.

  • Asian Energy (Q3 FY26)

    Q3 FY26 Revenue: Rs 235.4 crore, up 157% YoY (Page 6) . Key concall takeaways from Asian Energy Services Ltd's Q3 FY26 earnings call — and how it ranks against…

  • Oil India (Q3 FY26)

    Net consolidated debt stands at INR 34,000 crores, including INR 16,000 crores from NRL and Oil India’s overseas assets. Key concall takeaways from Oil India…

Compare:vs O N G Cvs Oil Indiavs Aegis Vopak Term

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Arthneeti Pro · Annual

Hindustan Oil Exploration Company Ltd and 15K+ more earnings calls,
for less than your morning chai

Every earnings call, ranking and concall Q&A across all four results seasons.

Secure Razorpay payment · instant access

Frequently Asked Questions

What were Hindustan Oil Exploration Company Ltd Q3 FY26 results?

Expecting a threefold increase in production in FY 2027-28, primarily driven by Northeast gas grid connectivity (Page 6, 7). Management expects production to increase significantly, especially with Northeast grid connectivity for Dirok, targeting about a threefold rise in production by FY 27-28.

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?

Capex budget proposed for drilling 9 new wells and 1 deeper well at Kharsang, awaiting partner approvals (65% pending).

Keep Hindustan Oil Exploration Company Ltd on your radar — track it to get its next earnings analysis in your feed.

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.