HOEC reports robust revenue growth for second quarter in FY19

Hindustan Oil Exploration Company Limited Ltd. reported its results for the quarter ended September 30, 2018.

Hindustan Oil Exploration Company Limited standalone revenue for the quarter came in at Rs. 64.37 crore, registering robust growth of 667.2% yoy increase. This was primarily driven by volume growth. EBITDA for the quarter rose by 627.5% yoy to Rs. 52.31 crore with a corresponding margin contraction of 443 bps. EBITDA margin for the quarter stood at 81.3%. The PAT for the quarter came in at Rs. 42.85 crore, yoy increase of 669.3%.

Stock on 22 October 2018 closed at price of Rs. 143 per share higher by of Rs. 3.70 it’s close on last trading session. While the benchmark index BSE Sensex closed at 34134 which down by 181 points from it’s last close.