Hindustan Oil Exploration Company Limited (500186) Earnings Call Transcripts

Hindustan Oil Exploration Company Limited's Latest Earnings Call - Q4 FY2026

In the fourth quarter and fiscal year 2026, Hindustan Oil Exploration Company Limited (HOEC) reported a challenging year with significant operational hurdles impacting financial performance. Revenue was recorded at INR 274 crores, down from INR 341 crores in the previous year, primarily due to production declines and issues related to crude sales to HPCL. Management has set ambitious production targets, aiming for 10,000 to 11,000 barrels of oil equivalent per day by June 2027, signaling a potential recovery if operational challenges are addressed effectively.

Reported metrics

Guidance from management

Management aims to achieve production of 10,000 to 11,000 barrels per day by June 2027, contingent on successful drilling and operational improvements. No specific guidance on revenue or earnings was provided, reflecting uncertainty in the operational environment.

What management said

So at this stage, I would say let's leave it to understand a little more of how fast we will drill and those kind of things. And in the next quarter, will give you the details because otherwise, you and I was on the danger of us believing in a number and things might turn out to be slightly different. So let me do it next quarter. .

Yes. So that is a question of which I might have an answer, but it may not satisfy you. And that is -- we are working with all our stakeholders to fast track it because this property does not belong to HOEC. But given what we have been that obligated to complete in 1 to 2 months, 2 month. But what is important is where we stand today as a country, there's a huge requirement of the necessity to get every molecule that...

What analysts pressed on

Analysts expressed concerns regarding the ongoing issues with HPCL sales and the delays in pipeline connectivity, which could hinder production growth. There were also questions about the company's ability to manage rising operational costs and the impact on margins moving forward.

Main topics on the call

• Production Targets and Challenges — Management has set a target to increase production to 10,000 to 11,000 barrels of oil equivalent per day by June 2027, with specific contributions from various fields. Baroruchi Mishra stated, "We are wanting to do 2 wor...
• Operational Hurdles — The company faced significant operational challenges, including delays in pipeline connectivity and rising operational costs. Mishra noted, "The cost of running your operations... has really shot up," indicating pressure...
• HPCL Crude Sales Issue — HOEC has reversed its crude sales to HPCL due to disputes, impacting revenue recognition. Management indicated, "We are realizing the sale of crudes, but... the entire sales proceeds will not come to us in one go," refle...
• Reserves and Future Potential — HOEC reported 3P reserves exceeding 100 MMBOE, with significant upside potential. Management emphasized, "Our 2P reserves are 60 million barrels," showcasing confidence in future production capabilities.

Read the full Hindustan Oil Exploration Company Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Hindustan Oil Exploration Company Limited earnings call transcripts on record, spanning February 17, 2020 to August 13, 2026. Based on this history, Hindustan Oil Exploration Company Limited reports quarterly. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

500186

Exchange

BSE

Country

IN

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

27

First call

February 17, 2020

Most recent

August 13, 2026

Reporting cadence

quarterly