Hindustan Oil Exploration Company Limited Announces Standalone Earnings Results for the Quarter and Year Ended March 31, 2018 and Consolidated Earnings Results for the Year Ended March 31, 2019
May 14, 2019 at 06:42 am EDT
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Hindustan Oil Exploration Company Limited announces standalone earnings results for the quarter and year ended March 31, 2018 and consolidated earnings results for the year ended March 31, 2019. For the quarter standalone, total income was INR 750.777 million compared to INR 256.128 million a year ago. profit for the period was INR 479.618 million compared to 164.506 million a year ago. Basic earnings per share was INR 3.68 compared to INR 1.26 a year ago. Diluted earnings per share was INR 3.65 compared to INR 1.25 a year ago.
For the year standalone, total income was INR 2,469.573 million compared to INR 601.497 million a year ago. profit for the period was INR 1,498.944 million compared to INR 378.361 million a year ago. Basic earnings per share was INR 11.42 compared to INR 2.90 a year ago. Diluted earnings per share was INR 11.32 compared to INR 2.90 a year ago.
For the year consolidated, total income was INR 2,763.262 million compared to INR 605.497 million a year ago. profit for the period was INR 1,567.431 million compared to INR 375.210 million a year ago. Basic earnings per share was INR 12.01 compared to INR 2.88 a year ago. Diluted earnings per share was INR 11.91 compared to INR 2.85 a year ago.
Hindustan Oil Exploration Company Limited is an India-based oil and gas company. The Company is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore. Its asset portfolio consists of approximately 10 oil and gas blocks of discovered resources and one exploratory block. The Company's operations include Dirok, Kharsang, Umatara, Greater Dirok, B-80, PY-1, Asjol, North Balol, and Palej. The Dirok project produces approximately 50 billion cubic feet (BCF) of natural gas and approximately 1 million barrels (MMBBL) of condensate. The PY-1 field is in the offshore platform in Cauvery Basin with eight slots and four wells drilled. The Asjol Petroleum Mining License Block lies 25 km South-West of Mehsana town in Gujarat State covering area of about 15 square kilometers (km2). Its subsidiaries include Hindage Oilfield Services Limited, Geopetrol International Inc., Geopetrol Mauritius Limited and GeoEnpro Petroleum Limited.
Hindustan Oil Exploration Company Limited Announces Standalone Earnings Results for the Quarter and Year Ended March 31, 2018 and Consolidated Earnings Results for the Year Ended March 31, 2019
HINDUSTAN OIL EXPLORATION COMPANY LIMITED 
