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 Consolidated
Whether results are audited or unaudited for the quarter ended Audited
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



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 Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
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 433921000 4208699000
Other income 570799000 761235000
Total income 1004720000 4969934000
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 -751190000 -1426143000
(d) Employee benefit expense 2456000 22046000
(e) Finance costs 8388000 105868000
(f) Depreciation, depletion and amortisation expense 217101000 776187000
(f) Other Expenses
1 Share of expenses fro producing oil and gas blocks 700565000 2649782000
2 Royalty, Cess and National Calamity Contingent Duty 238388000 602224000
3 Facility operating expenses 103868000 388774000
4 Unwinding of discount on decommissioning liablity 37303000 108439000
5 Other Expenses 92073000 243244000
Total other expenses 1172197000 3992463000
Total expenses 648952000 3470421000
3 Total profit before exceptional items and tax 355768000 1499513000
4 Exceptional items 0 0
5 Total profit before tax 355768000 1499513000
6 Tax expense
7 Current tax -110442000 38599000
8 Deferred tax -45383000 -11163000
9 Total tax expenses -155825000 27436000
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 511593000 1472077000
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 511593000 1472077000
17 Other comprehensive income net of taxes -1110000 -3636000
18 Total Comprehensive Income for the period 510483000 1468441000
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 11860296000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.87 11.13
Diluted earnings (loss) per share from continuing operations 3.87 11.13
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 3.87 11.13
Diluted earnings (loss) per share from continuing and discontinued operations 3.87 11.13
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 Consolidated 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 Consolidated
Assets
1 Non-current assets
Property, plant and equipment 11773851000
Capital work-in-progress 480635000
Investment property 28329000
Goodwill 0
Other intangible assets 104419000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 906837000
Total non-current financial assets 906837000
Deferred tax assets (net) 0
Other non-current assets 106407000
Total non-current assets 13400478000
2 Current assets
Inventories 2101397000
Current financial asset
Current investments 3543000
Trade receivables, current 1205531000
Cash and cash equivalents 142196000
Bank balance other than cash and cash equivalents 1214708000
Loans, current 0
Other current financial assets 1332449000
Total current financial assets 3898427000
Current tax assets (net) 0
Other current assets 223432000
Total current assets 6223256000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 19623734000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1322593000
Other equity 11890011000
Total equity attributable to owners of parent 13212604000
Non controlling interest
Total equity 13212604000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 476426000
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 621266000
Total non-current financial liabilities 1097692000
Provisions, non-current 1765325000
Deferred tax liabilities (net) 115225000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 2978242000
Current liabilities
Current financial liabilities
Borrowings, current 729407000
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 1434341000
Total Trade payable 1434341000
Other current financial liabilities 532621000
Total current financial liabilities 2696369000
Other current liabilities 733735000
Provisions, current 2784000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 3432888000
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 6411130000
Total equity and liabilites 19623734000
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 Consolidated 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 Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
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 Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gain/ / (losses) on defined benefit plans, net of tax -1110000 -3636000
Total Amount of items that will not be reclassified to profit and loss -1110000 -3636000
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 -1110000 -3636000



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 Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1499513000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 108439000
Adjustments for decrease (increase) in inventories -1678103000
Adjustments for decrease (increase) in trade receivables, current 1939233000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 77580000
Adjustments for decrease (increase) in other non-current assets 4139000
Adjustments for other financial assets, non-current -15660000
Adjustments for other financial assets, current 2272000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -136046000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -118032000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 776187000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 2919000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 48621000
Adjustments for other financial liabilities, non-current -195994000
Adjustments for unrealised foreign exchange losses gains -70204000
Adjustments for dividend income 13000
Adjustments for interest income 661845000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) -14905000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -4546000
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) 64042000
Net cash flows from (used in) operations 1563555000
Dividends received 0
Interest paid -105868000
Interest received 0
Income taxes paid (refund) 62438000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1606985000
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 0
Purchase of property, plant and equipment 325260000
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 144174000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -644795000
Net cash flows from (used in) investing activities -825868000
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 550000000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 226852000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -776852000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 4265000
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 4265000
Cash and cash equivalents cash flow statement at beginning of period 141475000
Cash and cash equivalents cash flow statement at end of period 145740000





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