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Hindustan Oil Exploration Company Limited Q3 FY26 earnings call summary

NSE: HINDOILEXP · BSE: 500186

Earnings call of 18 Feb 2026, summarised by AI from the filing.

HOEC Q3 FY26 consolidated EBITDA ₹30.99 cr; Dirok production expected to triple in FY27 once grid connectivity happens by March 2026.

Key takeaways

  1. HPCL dispute ₹259 cr plus interest outstanding from HPCL; no legal action yet, seeking amicable resolution.
  2. Grid connectivity DNPL line connection with IGGL expected by end of March 2026, which will augment Dirok offtake.

Original filing on BSE

Hindustan Oil Exploration Company Limited Q1 FY27 results

As filed: Revenue ₹114 cr (+45% year on year), EBITDA ₹3.2 cr (−89% year on year), PAT ₹6.2 cr (−86% year on year), EBITDA margin 2.8% (−1,000 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue −₹206 cr, EBITDA ₹23.7 cr, PAT ₹7.8 cr. Not scored. Too small to score: quarter revenue ₹-205.9 cr is below the ₹20.0 cr minimum. On a base this small, percentage changes say little. Share price after the results: −11.6% in 30 days (Nifty 500: +3.3%).
  • Q3 FY26: Revenue ₹75.4 cr (−49% year on year), EBITDA ₹24.4 cr (−66% year on year), PAT ₹8.3 cr (−81% year on year), EBITDA margin 32.4% (−1,000 bps). Score 6 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 1000 bps year on year. Other income 54% of PBT. Tax rate -21%. Consolidated profit -81% but standalone +139%. Revenue fell 76% from last quarter. Share price after the results: −4.8% in 28 days (Nifty 500: −9.6%).
  • Q2 FY26: Revenue ₹315 cr (+232% year on year), EBITDA ₹20.0 cr (−31% year on year), PAT ₹3.0 cr (−73% year on year), EBITDA margin 6.4% (−1,000 bps). Score 37 of 100, Below trend. Revenue growth was well above the company's own trend; EBITDA growth was below it; profit growth was well below it. EBITDA margin fell 1000 bps year on year. Other income 50% of PBT. Consolidated profit -73% but standalone +1800%. Profit fell 93% from last quarter. Share price after the results: +5.9% in 28 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹79.0 cr (−42% year on year), EBITDA ₹29.0 cr (−52% year on year), PAT ₹44.0 cr (−76% year on year), EBITDA margin 36.7% (−741 bps). Score 20 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin fell 741 bps year on year. Tax rate 2%. Profit fell 67% from last quarter. Share price after the results: +4.4% in 30 days (Nifty 500: +2.4%).
  • Q4 FY25: Revenue ₹43.0 cr (−85% year on year), EBITDA ₹2.0 cr (−97% year on year), PAT ₹51.0 cr (−28% year on year), EBITDA margin 4.7% (−1,000 bps). Score 0 of 100, Below trend. Revenue and EBITDA growth were well below the company's own trend; profit growth was below it. EBITDA margin fell 1000 bps year on year. Other income 158% of PBT. Tax rate -44%. Consolidated profit -28% but standalone +584%. Revenue fell 71% from last quarter. Share price after the results: −4.1% in 30 days (Nifty 500: +1.7%).
  • Q3 FY25: Revenue ₹147 cr (−18% year on year), EBITDA ₹71.0 cr (+6% year on year), PAT ₹43.0 cr (−9% year on year), EBITDA margin 48.3% (+1,000 bps). Score 52 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was above it; profit growth was in line with it. EBITDA margin rose 1000 bps year on year.
  • Q2 FY25: Revenue ₹95.0 cr (−16% year on year), EBITDA ₹29.0 cr (−57% year on year), PAT ₹11.0 cr (−74% year on year), EBITDA margin 30.5% (−1,000 bps). Score 0 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Other income 38% of PBT. Not enough history for a trend yet: scored on growth alone. Revenue fell 30% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

Hindustan Oil Exploration Company Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.