Hindustan Oil Exploration Co., Ltd. · NSE:HINDOILEXP
Hindustan Oil Exploration — Q3 FY2026 Earnings Presentation
18 slides from Hindustan Oil Exploration's earnings presentation, Feb 16, 2026
Slide 1: Cover letter to stock exchanges: 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 February 16, 2026 By Online The Listing Departme
Slide 2: Earnings Presentation Q3FY26
EARNINGS PRESENTATION Q3FY26 | Feb 2026 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 Q3FY26 Page 5
Slide 7: Q3 FY 2025-26 Operational Highlights
Q3 FY 2025-26 Operational Highlights Gross Production (BOEPD) Net Production (BOEPD) Q3FY26: 5,123 Q3FY26: 2,491 FY25: 6,109 FY25: 2,933 Q2FY26: 4,788 Q2FY26: 1,939 Dirok - Average production per day • Q3FY26: Gas 12.83 mmscfd & Condensate: ~ 227 bpd Average price - $ 7.32/mmbtu • Q2FY26: Gas 13.84
Slide 8: Mumbai Offshore – Operational Update (B-80)
Mumbai Offshore – Operational Update B-80 • Participating Interest stands at 100% (increased from 60%) • Production is continuing from both the wells as on date. • Baker carried out a chemical job in D1 well on 22nd and 23rd Dec 2025. • Plan for workover of D1 well and drilling new wells to improve
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 dat
Slide 10: 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 March-April 2026. Mechanical completion of DNPL line is completed. • On completion of NE Gas Grid, no demand constraint is expected. • Awaiting formal extension of PSC to award
Slide 11: 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 • Eight slots in platform and four wells drilled • Unique, g
Slide 12: Kharsang: Production & Development
Kharsang: Production & Development • GeoEnpro, subsidiary of HOEC, is the operator. • Kharsang oilfield is in Arunachal Pradesh, about 60 kms away from Dirok. • Environmental Clearance for 40 development wells and 5 exploration wells obtained. • Eight wells drilling has been completed as on date and
Slide 13: Cambay: Production & Development
Cambay: Production & Development • Completed workover of two wells. NB-1 shut-in for over 15 years has been put on production, produces ~0.1 mmscfd of gas. • Drilled two development wells in North Balol. One well has tested oil. Second well needs to be side tracked. • Plan to drill two horizontal we
Slide 14: Other North-Eastern Blocks - Update
Other North-Eastern Blocks - Update Block AA-ONHP-2017/19 • Reprocessed the 3D Seismic data and PSDM data interpreted, and final well locations released. • This block is in between Dirok and Kharsang ; analogous to Dirok. • EC clearance obtained; Obtained two years extension for exploration from Dec
Slide 15: Financial Highlights
FINANCIAL 2 HIGHLIGHTS Q3FY26 Page 14
Slide 16: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss PARTICULARS (INR Cr) Q3FY26 Q3FY25 9MFY26 9MFY25 FY25 INCOME Revenue from operations 81.04 156.12 491.86 399.54 459.12 Less: Profit petroleum/ Revenue Sharing to GOI -5.67 -9.60 -22.82 -22.06 (38.25) Other income 3.73 3.67 8.98 19.04 76.12 Total Income 79.11 1
Slide 17: Standalone Statement of Profit & Loss
Standalone Statement of Profit & Loss PARTICULARS (INR Cr) Q3FY26 Q3FY25 9MFY26 9MFY25 FY25 INCOME Revenue from operations 77.32 77.64 482.31 213.52 343.88 Less: Profit petroleum/ Revenue Sharing to GOI (5.67) (9.48) (22.85) (21.53) (37.81) Other income 6.20 6.97 18.47 26.30 78.91 Total Income 77.86
Slide 18: Thank You
THANK YOU hoec.com Investor Relations: Ernst & Young (EY LLP) Cyril Paul / Nachiket Kale P: +91 99206 76610 / 99209 40808 E: cyril.paul@in.ey.com/ nachiket.kale@in.ey.com Page 17
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