Integrated Filing — IndAS



General information about company
Scrip Code 500186
NSE Symbol HINDOILEXP
MSEI Symbol NOTLISTED
ISIN INE345A01011
Name of company HINDUSTAN OIL EXPLORATION COMPANY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 28-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Oil and Gas
Start date and time of board meeting 28-May-2025   14:00:00
End date and time of board meeting 28-May-2025   18:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2022-08-12
Indicate Company website link for updated RPT policy of the Company https://hoec.com/policies/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
No defaults occurred in respect of loans or debt instruments during the reporting period



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 1253239000 3060690000
Other income 536951000 789110000
Total income 1790190000 3849800000
2 Expenses
(a) Cost of materials consumed 0 0
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -760764000 -1424329000
(d) Employee benefit expense 196000 6658000
(e) Finance costs 13852000 59788000
(f) Depreciation, depletion and amortisation expense 121140000 303878000
(f) Other Expenses
1 Share of expenses fro producing oil and gas blocks 744972000 2632794000
2 Royalty, Cess and National Calamity Contingent Duty 269340000 574545000
3 Unwinding of discount on decommissioning liablity 38074000 107381000
4 Other Expenses 53295000 104352000
Total other expenses 1105681000 3419072000
Total expenses 480105000 2365067000
3 Total profit before exceptional items and tax 1310085000 1484733000
4 Exceptional items 0 0
5 Total profit before tax 1310085000 1484733000
6 Tax expense
7 Current tax 10004000 10004000
8 Deferred tax 0 0
9 Total tax expenses 10004000 10004000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 1300081000 1474729000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 1300081000 1474729000
17 Other comprehensive income net of taxes -1184000 -3810000
18 Total Comprehensive Income for the period 1298897000 1470919000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1322593000 1322593000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 10271267000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 9.83 11.15
Diluted earnings (loss) per share from continuing operations 9.83 11.15
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 9.83 11.15
Diluted earnings (loss) per share from continuing and discontinued operations 9.83 11.15
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) Please refer to the notes to accounts section in the Standalone Financial Results published on May 28, 2025, available at Company’s website (www.hoec.com) and the stock exchange websites (www.bseindia.com and www.nseindia.com).



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 7733995000
Capital work-in-progress 402836000
Investment property 28329000
Goodwill 0
Other intangible assets 104419000
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 594583000
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 892181000
Total non-current financial assets 1486764000
Deferred tax assets (net) 0
Other non-current assets 31803000
Total non-current assets 9788146000
2 Current assets
Inventories 2073069000
Current financial asset
Current investments 3543000
Trade receivables, current 256892000
Cash and cash equivalents 72822000
Bank balance other than cash and cash equivalents 893789000
Loans, current 1257635000
Other current financial assets 1839889000
Total current financial assets 4324570000
Current tax assets (net) 0
Other current assets 31882000
Total current assets 6429521000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 16217667000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1322593000
Other equity 10271267000
Total equity attributable to owners of parent 11593860000
Non controlling interest
Total equity 11593860000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 245389000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 34784000
Total non-current financial liabilities 280173000
Provisions, non-current 1596944000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 1877117000
Current liabilities
Current financial liabilities
Borrowings, current 250000000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1340927000
Total Trade payable 1340927000
Other current financial liabilities 504204000
Total current financial liabilities 2095131000
Other current liabilities 648942000
Provisions, current 2617000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 2746690000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 4623807000
Total equity and liabilites 16217667000
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block
Textual Information(1) Please refer to the notes to accounts section in the Standalone Financial Results published on May 28, 2025, available at Company’s website (www.hoec.com) and the stock exchange websites (www.bseindia.com and www.nseindia.com).



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement (losses) / gain on defined benefit plans, net of tax -1184000 -3810000
Total Amount of items that will not be reclassified to profit and loss -1184000 -3810000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income -1184000 -3810000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1484733000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 107381000
Adjustments for decrease (increase) in inventories -1675517000
Adjustments for decrease (increase) in trade receivables, current 1810663000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -3254000
Adjustments for decrease (increase) in other non-current assets 593000
Adjustments for other financial assets, non-current -59682000
Adjustments for other financial assets, current 467540000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -122692000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -621702000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 303878000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 306000
Adjustments for provisions, non-current 1778000
Adjustments for other financial liabilities, current 61354000
Adjustments for other financial liabilities, non-current 11681000
Adjustments for unrealised foreign exchange losses gains -12077000
Adjustments for dividend income 13000
Adjustments for interest income 762306000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 40338000
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -451731000
Net cash flows from (used in) operations 1033002000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 19863000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1013139000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment -246936000
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 13000
Interest received 111329000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -584464000
Net cash flows from (used in) investing activities -720058000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 250000000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 54693000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -304693000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -11612000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -11612000
Cash and cash equivalents cash flow statement at beginning of period 87977000
Cash and cash equivalents cash flow statement at end of period 76365000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells LLP Yes 31-Jul-2027


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Hindustan Oil Exploration Company Limited Ramasamy Jeevanandam Key Managerial Personnel-ManagingDirector Remuneration - 10000000 0 0
2 Hindustan Oil Exploration Company Limited Sivalai Senthilnathan Key Managerial Personnel-CFO Remuneration - 4881000 0 0
3 Hindustan Oil Exploration Company Limited Josephin Daisy Key Managerial Personnel-Company Secretary Remuneration - 979000 0 0
4 Hindustan Oil Exploration Company Limited Vivek Rae Non-Executive Independent Director Any other transaction Director Sitting Fee - 175000 0 0
5 Hindustan Oil Exploration Company Limited Sharmila Amin Non-Executive Independent Director Any other transaction Director Sitting Fee - 100000 0 0
6 Hindustan Oil Exploration Company Limited Pronip Kumar Borthakur Non-Executive Independent Director Any other transaction Director Sitting Fee - 175000 0 0
7 Hindustan Oil Exploration Company Limited Bhavani Balasubramaniam Non-Executive Independent Director Any other transaction Director Sitting Fee - 75000 0 0
8 Hindustan Oil Exploration Company Limited Vivek Rae Non-Executive Independent Director Any other transaction Director Commission - 100000 0 0
9 Hindustan Oil Exploration Company Limited Sharmila Amin Non-Executive Independent Director Any other transaction Director Commission - 100000 0 0
10 Hindustan Oil Exploration Company Limited Pronip Kumar Borthakur Non-Executive Independent Director Any other transaction Director Commission - 100000 0 0
11 Hindustan Oil Exploration Company Limited Vivek Rae Non-Executive Independent Director Any other transaction Director Commission - 700000 0 0
12 Hindustan Oil Exploration Company Limited Sharmila Amin Non-Executive Independent Director Any other transaction Director Commission - 525000 0 0
13 Hindustan Oil Exploration Company Limited Pronip Kumar Borthakur Non-Executive Independent Director Any other transaction Director Commission - 700000 0 0
14 Hindage Oilfield Services Limited Pronip Kumar Borthakur Non-Executive Independent Director Any other transaction Director Sitting Fee - 40000 0 0
15 Hindage Oilfield Services Limited Sharmila Amin Non-Executive Independent Director Any other transaction Director Sitting Fee - 40000 0 0
16 Hindage Oilfield Services Limited Geoenpro Petroleum Limited Associate Company Any other transaction Parent Company Overhead charges - 4326000 0 0
17 Hindustan Oil Exploration Company Limited Hindage Oilfield Services Limited Wholly Owned Subsidiary Interest received - 4884000 242444000 247328000
18 Hindustan Oil Exploration Company Limited Hindage Oilfield Services Limited Wholly Owned Subsidiary Loan - 0 654286000 654286000
19 Hindustan Oil Exploration Company Limited Hindage Oilfield Services Limited Wholly Owned Subsidiary Any other transaction FSO charges - 250777000 0 0
20 Hindustan Oil Exploration Company Limited Geopetrol International Inc Wholly Owned Subsidiary Interest received - 26594000 237703000 264297000
21 Hindustan Oil Exploration Company Limited Geopetrol International Inc Wholly Owned Subsidiary Loan - 0 590711000 603348000
22 Hindustan Oil Exploration Company Limited Geopetrol Mauritius Limited Step down Subsidiary Any other transaction MOPU charges - 231395000 0 0
23 Hindustan Oil Exploration Company Limited Geopetrol International Inc Wholly Owned Subsidiary Any other transaction Consideration amount for aquisistion of 25% Kharsang PI - 255177000 0 0
24 Geopetrol International Inc Geopetrol Mauritius Limited Wholly Owned Subsidiary Interest received - 38248000 270865000 309112000
25 Geopetrol International Inc Geopetrol Mauritius Limited Wholly Owned Subsidiary Loan - 0 816897000 838526000
26 Geopetrol Mauritius Limited Geoenpro Petroleum Limited Associate Company Any other transaction Parent Company Overhead charges - 4326000 0 0
27 Hindustan Oil Exploration Company Limited Bhavani Balasubramaniam Non-Executive Independent Director Any other transaction Director Sitting Fee - 175000 0 0
Total value of transaction during the reporting period 834592000