Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q2 FY26 Earnings Presentation
20 slides from Hindustan Oil Exploration's earnings presentation, Nov 20, 2025
Slide 1: Exchange filing cover letter: Earnings presentation
Hindustan Oil Exploration Company Limited ‘Lakshmi Chambers’, 192, St. Mary’s Road, Alwarpet, Chennai - 600 018. INDIA. : 91 (044) 66229000 ● Fax: 91 (044) 66229011 / 66229012 E-mail: contact@hoec.com ● Website: www.hoec.com CIN: L11100GJ1996PLC029880 November 20, 2025 By Online The Listing Departme
Slide 2: Earnings Presentation Q2FY26
EARNINGS PRESENTATION Q2FY26 | Nov 2025 Page 1
Slide 3: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 4: Strategy-aligned asset portfolio across key resource-rich locations
Strategy-aligned asset portfolio across key resource-rich locations • An India-focused asset portfolio tailored to deliver on our strategy of rapid Asjol development of discovered resources North Balol • Strong offshore presence with anchor Cambay Palej assets on both east and west coasts Dirok Khar
Slide 5: Focused Strategy for Value Generation
Focused Strategy for Value Generation Uniquely positioned with the right organization and asset portfolio to deliver superior value Focus on Discovered Resources ▪ Focus on discovered Oil & Gas resources to reduce risk ▪ Fast-track execution for early monetization of resources ▪ Exploration in proli
Slide 6: Operational Highlights
OPERATIONAL 1 HIGHLIGHTS Q2FY26 Page 5
Slide 7: Q2 FY 2025-26 Operational Highlights
Q2 FY 2025-26 Operational Highlights Gross Production (BOEPD) Net Production (BOEPD) Q2FY26: 4,788 Q2FY26: 2,017 FY25: 6,109 FY25: 2,933 Q1FY26: 6,369 Q1FY26: 2,777 Dirok - Average production per day • Q2FY26 - Gas: 13.84 mmscfd & Condensate: ~ 237 bpd Average price - $ 7.80/mmbtu • Q1FY26 - Gas: 20
Slide 8: Mumbai Offshore – Operational Update (B-80)
Mumbai Offshore – Operational Update B-80 • Production disrupted from mid-June to 1st week of Aug 2025 due to monsoon, impacting revenue for the quarter. • COSA executed with HPCL on 03.09.2025; offtake & custody transfer of about 417,000 barrels of crude oil completed on 25.09.2025; title and risk
Slide 9: Mumbai Offshore – Operational Update (B-15)
Mumbai Offshore – Operational Update B-15 • Signed a Revenue Sharing Contract on April 15, 2025. • 100% Participating Interest – Acreage - 332.4 sq. km. • Two discoveries (B-15A-1 & B-15-2) and four additional wells. • The area has 331.75 sq. km. of 3D seismic data and 644.24 line km of 2D seismic d
Slide 10: PY-1: Redevelopment
PY-1: Redevelopment Offshore Platform Onshore terminal Processing Sub-sea Pipeline 8 slots Capacity: 55 mmscfd 56 km • Production Sharing Contract stands extended till October 5, 2030. • Only Offshore Production platform in Cauvery Offshore. • Unique, gas-bearing offshore fractured granitic basement
Slide 11: Dirok: Production & Phase-II development
Dirok: Production & Phase-II development • Field has potential to produce up to 55 mmscfd. • North-East Gas Grid expected by Q4 FY26. - On completion of NE Gas Grid, no demand constraint is expected. • Revised FDP submitted for extension of PSC has been approved. • Planning underway to drill well ND
Slide 12: Kharsang: Production & Development
Kharsang: Production & Development • EC secured for 40 development wells and 5 exploration wells. • 6 development wells have been drilled; 7th well drilling is under progress. • Well control became an issue due to over-pressure while perforating the gas zone in 6th well (KSG-76). Well control operat
Slide 13: Other North-Eastern Blocks - Update
Other North-Eastern Blocks - Update Block AA-ONHP-2017/19 • Reprocessed the 3D Seismic data and PSDM data interpreted; final well locations released. • This block is in between Dirok and Kharsang ; analogue to Dirok. • EC clearance obtained. • As per the recent notification, application for 2 year p
Slide 14: Cambay: Production & Development
Cambay: Production & Development • Drilled two wells in North Balol. One well flowed oil in Balol Pay and further testing is in progress; the second well did not give expected results which will be side-tracked for another structure. • Plan to drill two horizontal wells in Asjol in FY27. • Artificia
Slide 15: Financial Highlights
FINANCIAL 2 HIGHLIGHTS Q2FY26 Page 14
Slide 16: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss PARTICULARS (INR Cr) Q2FY26 Q1FY26 FY25 INCOME Revenue from operations 315.01 78.65 420.87 Other income 2.40 2.85 76.12 Total revenue 317.41 81.50 496.99 EXPENSES Expenses from producing oil and gas blocks 33.13 35.06 264.98 Royalty, Cess and NCCD 11.75 12.78
Slide 17: Consolidated Statement of Assets & Liabilities
Consolidated Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY26 FY25 PARTICULARS (INR Cr) H1-FY26 FY25 EQUITY AND LIABILITIES ASSETS Non-Current Asset 1651.18 1,340.04 Equity 1,367.77 1321.26 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26 (i) Oil & gas assets 11
Slide 18: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss PARTICULARS (INR Cr) Q2FY26 Q1FY26 FY25 INCOME Revenue from operations 311.21 76.60 306.07 Other income 6.89 5.37 78.91 Total revenue 318.10 81.97 384.98 EXPENSES Expenses from producing oil and gas blocks 46.51 55.80 263.28 Royalty, Cess and NCCD 10.60 12.13 57
Slide 19: Standalone Statement of Assets & Liabilities
Standalone Statement of Assets & Liabilities PARTICULARS (INR Cr) H1-FY26 FY25 PARTICULARS (INR Cr) H1-FY26 FY25 EQUITY AND LIABILITIES ASSETS Non-Current Asset 1302.80 978.81 Equity 1,226.45 1159.39 (a) Property, Plant and Equipment (a) Equity share capital 132.26 132.26 (i) Oil & gas assets 1070.3
Slide 20: Thank You
THANK YOU hoec.com Investor Relations: Ernst & Young (EY LLP) Cyril Paul P: +91 99206 76610 Page 19 E: cyril.paul@in.ey.com
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