Antelopus Selan Energy reported a net profit of ₹5,432 Lakhs for the quarter ended June 30, 2026, marking a 384% year-on-year increase from ₹1,122 Lakhs in Q1FY25. The company’s revenue from operations surged 157% YoY to ₹13,313 Lakhs, compared to ₹5,175 Lakhs in the corresponding prior period. This strong financial performance was significantly aided by a lower amortisation charge on oil and gas assets and robust operational income, despite an exceptional impairment provision.

The Board of Directors approved the unaudited financial results at its meeting held on July 27, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. V. Sankar Aiyar & Co., the statutory auditors, issued a limited review report on the results. Additionally, the Board appointed M/s Soxmate Consultants LLP as the Internal Auditor for FY2026-27.

Key Financial Metrics

The company’s total income stood at ₹13,223 Lakhs, up from ₹5,356 Lakhs in Q1FY25. Total expenses were ₹4,950 Lakhs, compared to ₹3,856 Lakhs in the same quarter last year. The profit before tax was ₹7,273 Lakhs, against ₹1,500 Lakhs in Q1FY25.

What the Numbers Show

The dramatic rise in net profit is largely attributable to non-operational accounting adjustments rather than pure operational leverage. Management revised the amortisation period for its oil and gas assets following the enactment of the Oil Fields (Regulation and Amendment) Act, 2025. This change in accounting estimate reduced the amortisation charge by ₹1,193 Lakhs in Q1FY26. Conversely, the company recorded an exceptional item of ₹1,000 Lakhs as an impairment provision against Capital Work-in-Progress for the Elao Field, pending approval from the Directorate General of Hydrocarbons for further development. Without these two items, the underlying operational profitability remains strong but less volatile than the headline net profit suggests.

Operational Updates

The company operates in a single segment of oil and natural gas production. Royalty and cess expenses increased to ₹2,101 Lakhs from ₹1,047 Lakhs in Q1FY25, reflecting higher production volumes or revised rates. Employee benefits expense dropped significantly to ₹461 Lakhs from ₹375 Lakhs in the prior year quarter, though it remains lower than the ₹983 Lakhs seen in Q4FY25.

Regarding the Cambay Field, the company had entered into a Farm-in-Farm-Out Agreement to acquire a 50% participating interest. While the initial exclusivity fee of ₹473 Lakhs was written off in the previous fiscal year due to delays in executing the Share Purchase Agreement, the company continues to hold this interest. The government approved the transfer of this interest in July 2024. The company also noted a pending refund claim of ₹656 Lakhs related to excess cess remitted in earlier years, which has not been recognized in the current results as the refund order is awaited.

Antelopus Selan Energy Ltd has announced it will conduct a series of one-on-one meetings with analysts and institutional investors in Mumbai on June 24 and June 25, 2026. The company confirmed that discussions during these sessions will be limited to information available in the public domain, ensuring no unpublished price sensitive information is shared.

The meetings are being held pursuant to Regulation 30 read with Clause 15 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The schedule of the meetings is subject to change due to exigencies on the part of investors, analysts, or the company.

Participating Institutions

The following institutional investors and mutual funds are scheduled to meet with the company management:

The disclosure was submitted to the exchanges by Yogita, Company Secretary & Compliance Officer.