News ArticleHindustan Oil Exploration Company Reports Q2 and H1 2026 Unaudited Financial Results Showing Loss Before Tax
Company's Board approved results for quarter and half year ending September 30, 2026, reflecting operational expenses and tax details as per Indian Accounting Standards
Hindustan Oil Exploration Company Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company reported losses with profit before tax at INR (3,816.31) lakh for the quarter. The results include revenue, expenses, and taxation details prepared according to Indian Accounting Standards.
Hindustan Oil Exploration Company Limited
Financial Results
Hindustan Oil Exploration Company Limited announced unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The results showed a loss before tax of INR (3,816.31) lakh for the quarter, as detailed in the board meeting held on November 6, 2026.
The company recorded total income comprising revenue from operations, revenue sharing to the Government of India, and other income. Expenses include share of producing oil and gas block costs, royalties, employee benefits, finance costs, depreciation, and other operational expenses.
Profit before tax for the quarter was reported at INR (3,816.31) lakh, with total tax expenses reflected including current and deferred tax components.
The financial statements were prepared in accordance with Indian Accounting Standards (IND-AS) and reviewed by statutory auditors, who issued a Limited Review Report with no material misstatements.
The Board meeting took place on November 6, 2026, confirming the approval of these unaudited results and the availability of the data on the company’s website.
Highlights
- Unaudited financial results approved for Q2 and H1 2026 ending September 30, 2026.
- Loss before tax of INR (3,816.31) lakh for the quarter.
- Results prepared per Indian Accounting Standards (IND-AS).
- Limited Review Report issued by statutory auditors with no concerns.
- Board meeting conducted on November 6, 2026, from 4:30 PM to 6:30 PM.
Key Data Snapshot
What happened
- Hindustan Oil Exploration Company Limited announced unaudited standalone and consolidated financial results for Q2 and H1 2026 ending September 30, 2026.
- The company reported a loss before tax of INR (3,816.31) lakh for the quarter.
- The Board of Directors approved these financial results in a meeting held on November 6, 2026.
Key details
- Total income for the quarter was INR 12,851.68 lakh including revenue from operations and other income.
- Expenses mainly comprised operating costs, royalties, employee benefits, finance cost, depreciation, and other expenses.
- The tax expenses consolidate current and deferred tax components resulting in a net tax expense of INR (67.83) lakh.
- Earnings per share for the quarter stood at a loss of INR 2.88 per share.
Regulatory and governance context
- Results are prepared in accordance with Indian Accounting Standards (IND-AS) and comply with SEBI Listing Regulations.
- Limited Review Reports were issued by the statutory auditors without any material misstatements.
- Disclosure was made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Highlights
- Unaudited financial results approved for Q2 and H1 2026 ending September 30, 2026.
- Loss before tax of INR (3,816.31) lakh for the quarter.
- Results prepared per Indian Accounting Standards (IND-AS).
- Limited Review Report issued by statutory auditors with no concerns.
- Board meeting conducted on November 6, 2026, from 4:30 PM to 6:30 PM.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 (Interim Financial Reporting)
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