HOEC Reports 57% Drop in FY26 Profit After Reversing Major Sale
Hindustan Oil Exploration Company Ltd · HINDOILEXP · BSE ·
FY26 Profit After Tax (PAT) fell 57.4% to ₹6,274.53 lakhs, with EPS dropping from ₹11.13 to ₹4.74. The decline was driven by the reversal of a major sales contract with HPCL worth ₹25,878.15 lakhs due to a dispute over quality. The reversed sale is now recognized as inventory, an…