Hindustan Oil Exploration reports mixed Q2 results
pre-market1 source ↓written by the desknot a recommendation
- from ₹83.48 cr
- 285% increase
Hindustan Oil Exploration Company reported standalone revenue of ₹321.51 cr for Q2, marking a 285% increase from ₹83.48 cr in Q1. This growth was driven by crude oil sales from the B-80 field, despite facing production challenges due to monsoon disruptions and a payment dispute with a major buyer. Traders should note the potential impact of these constraints on future production levels.
Not investment advice. For informational purposes only.