Hindustan Oil Exploration Company Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Hindustan Oil Exploration Company Ltd reported a 50.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 20.4%.
- Its expenses for the quarter were up by 13.4% QoQ and down 28.8% YoY.
- The net profit increased 300.7% QoQ and decreased 7.0% YoY.
- The earnings per share (EPS) of Hindustan Oil Exploration Company Ltd stood at 3.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 150.19 | 99.58 | 188.59 | 50.8% | -20.4% |
Total Expenses | 97.72 | 86.17 | 137.20 | 13.4% | -28.8% |
Profit Before Tax | 52.47 | 13.41 | 51.39 | 291.3% | 2.1% |
Tax | 9.15 | 2.59 | 4.82 | 253.3% | 89.8% |
Profit After Tax | 43.32 | 10.81 | 46.57 | 300.7% | -7.0% |
Earnings Per Share | 3.30 | 0.80 | 3.50 | 312.5% | -5.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Hindustan Oil Exploration Company Ltd is an oil and gas exploration and production company based in India. The company is primarily engaged in the exploration, development, and production of crude oil and natural gas. It operates within the energy sector, specifically focusing on upstream activities in the oil and gas industry. The company holds interests in various oil and gas blocks in India, where it conducts its exploration and production activities. As of the latest available data, there are no recent major developments or news reported for the company.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Hindustan Oil Exploration Company Ltd reported a total income of ₹150.19 crores. This represents a quarter-over-quarter (QoQ) increase of 50.8% compared to the second quarter of the fiscal year 2025 (Q2FY25), where the total income was ₹99.58 crores. However, on a year-over-year (YoY) basis, there is a 20.4% decrease from Q3FY24, when the total income was ₹188.59 crores. The QoQ increase suggests a significant rise in revenue within the last quarter, while the YoY decline indicates a decrease in revenue compared to the same quarter in the previous year.
Profitability
The company reported a profit before tax of ₹52.47 crores in Q3FY25, showing a substantial increase of 291.3% QoQ from ₹13.41 crores in Q2FY25. On a YoY basis, there is a modest increase of 2.1% from ₹51.39 crores in Q3FY24. The tax expense for Q3FY25 was ₹9.15 crores, which reflects a 253.3% QoQ increase from ₹2.59 crores in Q2FY25 and an 89.8% YoY increase from ₹4.82 crores in Q3FY24. Consequently, profit after tax for Q3FY25 is ₹43.32 crores, marking a 300.7% QoQ increase from ₹10.81 crores in Q2FY25, but a 7.0% YoY decrease from ₹46.57 crores in Q3FY24. Earnings per share (EPS) stood at ₹3.30 for Q3FY25, showing a 312.5% QoQ increase from ₹0.80 in Q2FY25 and a 5.7% YoY decrease from ₹3.50 in Q3FY24.
Operating Metrics
Total expenses for Hindustan Oil Exploration Company Ltd in Q3FY25 were reported at ₹97.72 crores, reflecting a 13.4% QoQ increase from ₹86.17 crores in Q2FY25. On a YoY comparison, total expenses decreased by 28.8% from ₹137.20 crores in Q3FY24. The considerable rise in profit before tax, despite higher expenses, indicates an improvement in operational efficiency or other income streams. The significant QoQ increases in both profit before and after tax suggest strong operational performance in the recent quarter. However, YoY comparisons show a drop in net profitability, which might be attributed to factors affecting the overall revenue performance. The company's earnings per share align with these trends, demonstrating substantial QoQ growth but a slight YoY decline.
