Selan Exploration Technology Limited — Board Meeting, 09-05-2025: Outcome of Board Meeting

Selan Exploration Technology has announced a board meeting on which it approved the audited financial results for the quarter and year ended March 31, 2025. Revenue jumped to ₹258 Cr (from ₹166 Cr), boosted by higher crude prices and volumes. Profit before tax more than doubled to ₹98 Cr, with net profit at ₹74 Cr, driven by strong operational leverage. Development expenses of ₹147 Cr were capitalized. The company remains focused on asset growth, especially around the Cambay Field acquisition, and boasts strong cash flows with no new debt.