Hindustan Oil Exploration Company Limited has delivered impressive financial performance for the quarter ended December 31, 2025, with net profit surging 141% year-on-year despite stable revenue levels. The oil and gas exploration company's Board of Directors approved these unaudited standalone financial results at their meeting held on February 13, 2026.

Strong Quarterly Performance Despite Revenue Stability

The company's Q3 FY26 results demonstrate robust operational efficiency improvements. While revenue from operations remained relatively flat at ₹7,732.32 lakhs compared to ₹7,763.91 lakhs in Q3 FY25, the company achieved significant profit growth through effective cost management.

Exceptional Nine-Month Performance

The nine-month period ended December 31, 2025, showcased even more impressive growth metrics. Net profit for the period reached ₹7,921.03 lakhs, representing a substantial 311% increase from ₹1,926.83 lakhs in the corresponding period of FY25. This exceptional performance was supported by strong revenue growth of 126% to ₹48,231.08 lakhs.

The nine-month results included exceptional items of ₹3,251.87 lakhs, contributing to the overall strong performance.

Operational Highlights and Cost Structure

The company's cost management initiatives yielded positive results during Q3 FY26. Total expenses for the quarter were ₹6,589.97 lakhs compared to ₹7,016.91 lakhs in Q3 FY25, reflecting a 6% reduction. Key expense categories included:

• Share of expenses from producing oil and gas blocks: ₹6,033.59 lakhs
• Royalty, Cess and National Calamity Contingent Duty: ₹1,244.43 lakhs
• Depreciation, depletion and amortization: ₹820.02 lakhs
• Finance costs from banks and financial institutions: ₹88.59 lakhs

The company benefited from a decrease in stock of crude oil and condensate, which contributed ₹2,179.61 lakhs positively to the results.

Recent Corporate Developments

During the quarter ended March 31, 2025, HOEC took over 40% participating interest of another joint operator in Block B-80. The company entered into a Crude Off-take and Sale Agreement (COSA) with Hindustan Petroleum Corporation Limited (HPCL) during the quarter ended September 30, 2025, with oil transfer taking place on September 25, 2025.

The Government of India implemented four new Labour Codes with effect from November 21, 2025, resulting in an incremental impact of ₹145.36 lakhs reported in the current period's profit and loss.

Financial Position and Outlook

The company maintains a stable capital structure with paid-up equity share capital of ₹13,225.93 lakhs, consisting of shares with a face value of ₹10 each. The strong financial performance reflects the company's effective operational management and strategic positioning in India's oil and gas exploration sector.

These unaudited financial results have been subjected to limited review by the statutory auditors, who issued an unmodified review report. The results demonstrate HOEC's continued focus on operational excellence and value creation for shareholders.

Hindustan Zinc Ltd. witnessed significant institutional activity with a block trade executed on the National Stock Exchange (NSE) worth Rs. 20.91 crores. The transaction represents a notable movement in the company's shares among large investors.

Block Trade Details

The block trade involved substantial volume and value, highlighting institutional interest in the mining company's stock.

Market Implications

Block trades are typically executed by institutional investors, mutual funds, or other large market participants. These transactions occur outside the regular market to avoid impacting the stock's market price during normal trading hours. The execution of such a significant block trade indicates active institutional participation in Hindustan Zinc's equity.

The price of Rs. 567.25 per share at which the transaction was executed provides insight into the valuation at which large investors are willing to transact in the company's shares. Such block deals often serve as indicators of institutional sentiment towards the stock.