X

Hindustan Oil Exploration Company Ltd Q1FY25; 36% fall in Profits

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 Q1FY25 of ₹136.00 Crores down from ₹168.00 Crore year on year, a fall of 19.05%.

Total Expenses for Q1FY25 of ₹98.00 Crores down from ₹106.00 Crores year on year, a fall of 7.55%.

Consolidated Net Profit of ₹42.00 Crores down 36.36% from ₹66.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.17, down 36.60% from ₹5.00 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Oil & Gas
Related Post