How Hindustan Oil Exploration Posted Mixed Q2 Numbers with a Revenue Surge but Profit Collapse
About Hindustan Oil Exploration
Hindustan Oil Exploration Company (HOEC) is an upstream oil and gas exploration company engaged in discovering, developing, and producing hydrocarbons across multiple fields in India. Its results are often volatile due to production fluctuations, crude price movements, and field-specific outages.
Q2 Results – Key Financial Performance
| Metric |
Q2 Value |
Previous |
QoQ Change |
| Net Profit |
₹28.3 mn |
₹438.7 mn |
↓ 93.5% |
| Revenue |
₹3.25 bn |
₹855 mn |
↑ 280% |
| EBITDA |
₹227.5 mn |
₹321.5 mn |
↓ 29.2% |
| EBITDA Margin |
6.99% |
37.60% |
↓ 81.4% |
Key Highlight: While revenue surged 280% QoQ due to higher production/sales volumes, margins collapsed sharply. Net profit plunged 93.5%, indicating heavy cost pressure or one-offs impacting profitability.
Investor Takeaway
HOEC’s Q2 shows extreme volatility – a strong revenue recovery overshadowed by an alarming margin fall. Sustained profitability will depend on field stability, cost controls, and crude trends. Short-term investors should stay cautious and track upcoming management commentary for clarity on the profit drop.
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Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services
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