Hindustan Oil Exploration Company Limited — Investor Meet, 16-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Hindustan Oil Exploration Co. (HOEC) reported Q3FY26 consolidated net profit of INR 8.28 Cr, significantly down from INR 43.32 Cr YoY. Gross production rose to 5,123 BOEPD and net production to 2,491 BOEPD QoQ. Operational highlights include B-80's Participating Interest increasing to 100% with new wells planned, despite INR 259 Cr dues from HPCL facing quality issues. Dirok anticipates demand relief from the NE Gas Grid by March-April 2026. New well drilling is underway or planned across PY-1, Kharsang, and Cambay, with NB-1 restarting production after 15 years. Management is focused on rapid development of discovered resources.