HOEC's Q1 FY27 net standalone revenue hit INR 107.6 Cr, bouncing from a negative quarter, with PBT at INR 12.54 Cr.

This came from strong Kharsang production and higher crude/gas prices ($95.5/barrel, $12/MMBTU blended). Operational highlights: B-80 workovers (Nov/Dec 2026) & 3 new wells (June 2027) are planned.

HPCL crude liquidation faces an expected 7-10% loss.

Dirok gas pipeline expected by December.

Kharsang's new gas needs a 14-18 month pipeline.

PY-1 new wells await buyer deals.

Management is debt-funding B-80, anticipating cash flow boost from Dirok.

Outlook is confident.