Shares of Hindustan Oil Exploration Company surged 6.23%, trading at Rs 207.32 in early session today, despite reporting a 6.98% YoY decline in net profit for Q3FY25. The company posted a net profit of Rs 43.32 crore, compared to Rs 46.57 crore in the same quarter last year. The decline in net profit is attributed to lower sales during the quarter, which fell 18.18% YoY to Rs 146.52 crore from Rs 179.08 crore.
Despite the revenue drop, the company’s operating profit margin (OPM) improved to 50.52% from 39.44% in the same period last year, reflecting improved cost control and efficiency. Profit Before Tax (PBT) increased marginally by 2% to Rs 52.47 crore, compared to Rs 51.39 crore in Q3FY24, highlighting stable profitability.
Updated stock details: The stock was last seen trading at Rs 207.32, up from the previous close of Rs 195.16. The market capitalization stands at Rs 2,758 crore, with the day’s trading range between Rs 198.50 and Rs 208.81. The stock’s 52-week range spans Rs 156.75 to Rs 293.55, reflecting its significant volatility over the past year.
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