Hindustan Oil Exploration Company Limited has informed the Exchange about General Updates
What happened
FactHindustan Oil Exploration Company Limited has informed the Exchange about General Updates. Jeejeebhoy Towers,. Rs. 15.12 Crores as an interim arrangement, which will remain in force until the disposal of the case.
Why it matters
CapitSignal interpretationLitigation creates a contingent liability that is not in reported profit until it crystallises.
Scale
- 6.1% of FY26 revenue
₹15.12 Cr stated in the filing against ₹249.86 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
Revised4 wells we have drilled and completed and the fifth well is in progress.
We remain committed to drilling a total of 18 shallow wells and three deep wells in Kharsang, four wells in Dirok, two wells in Greater Dirok and two wells in each Asjol and Palej in our onshore assets.
Change
FactImplication
CapitSignal interpretationCapex
DelayedA year actually, because what is happening is we have to install waiting for the monsoon and then the 3 wells have to be drilled and then it has to get connected.
We will start our offshore drilling campaign in the last quarter of this year and will continue until we put all the offshore blocks in value mode.
Change
FactImplication
CapitSignal interpretationMargins
RevisedOur EBITDA for the current quarter is Rs. 25 crores in the consolidated accounts compared to Rs. 35 crores in the previous quarter.
In consol accounts, EBITDA for this quarter is Rs. 30.99 crores compared to Rs. 25.15 crores in the previous quarter.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Amount claimed against the company
- Whether a provision has been made
- Next hearing or order date
- We are confident of bringing the field into production within two years. (management committed by FY27)
- Our expected capital outlay for the Northeast region for the next two financial years is Rs.250 crores and mor (management committed by FY27)
Evidence
- Hindustan Oil Exploration Company Limited has informed the Exchange about General Updates(opens the original filing in a new tab)
- Earlier statement · Q1 FY25
- Latest statement · Q2 FY25
- Earlier statement · Q1 FY25
- Latest statement · Q1 FY25
- Earlier statement · Q2 FY25
- Latest statement · Q3 FY25
How CapitSignal classified this
- Reasoning:
- LITIGATION base 56; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%