HOEC Q2 PAT surges 567% to ₹18.86 Crores

HINDOILEXP Hindustan Oil Exploration Company Limited (HINDOILEXP) reported consolidated Q2FY27 net profit of ₹18.86 Cr, up 567% YoY and 202.51% QoQ. Revenue declined 53.34% YoY to ₹151.78 Cr but rose 22.40% QoQ. EBITDA stood at ₹59.88 Cr, up 81.21% YoY and 290.52% QoQ. EBITDA margin expanded sharply to 39.45% from 10.16% YoY and 12.37% in the previous quarter. The strong profitability recovery was supported by higher gas sales and monetisation of inventory, despite lower overall revenue year-on-year The key triggers are the 567% YoY jump in PAT to ₹18.86 Cr and the expansion of EBITDA margin to 39.45%, alongside a strong sequential recovery. This marks a sharp improvement in profitability for the oil and gas exploration company. Peers such as ONGC, Oil India and Deep Industries may face comparison on margin trends and production volumes. Near-term prices could react positively to the robust profit growth and margin expansion. Risks include lower production volumes, commodity price volatility, or delays in field development. Competitors listed: ONGC, Oil India, Deep Industries. We have no financial interest in this news.