Hindustan Oil Exploration Company Ltd — earnings calls

Hindustan Oil Exploration Company reported negative revenue, EBITDA and PAT for FY26, impacted mainly by an HPCL crude sale that was invoiced and later reversed; standalone net sales for the year were Rs 274 crores. Management outlined production targets rising from current levels of about 1,500 barrels of oil equivalent per day to 10,000-11,000 barrels by mid-2027, 22,000 by 2028, and 32,000 by 2029, driven by drilling campaigns across B-80, B-15, PY-1, Dirok and Kharsang. The company also discussed ongoing efforts to resell the reversed HPCL crude to third-party buyers linked to Brent pricing, and pipeline evacuation constraints in Assam that limit current Dirok gas production.