Hindustan Oil Exploration Company Limited was incorporated in 1983, It is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. The company is India’s first private E&P company and its assets are geographically spread across Tamil Nadu, Maharashtra, Gujarat, Assam and Arunachal Pradesh (both offshore and onshore).
Financial Results:
- Hindustan Oil Exploration Company Ltd reported Revenues for Q1FY24 of ₹168.00 Crores up from ₹89.00 Crore year on year, a rise of 88.76%.
- Total Expenses for Q1FY24 of ₹106.00 Crores up from ₹60.00 Crores year on year, a rise of 76.67%.
- Consolidated Net Profit of ₹66.00 Crores up 106.25% from ₹32.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹5.00, up 104.08% from ₹2.45 in the same quarter of the previous year.
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