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Hindustan Oil Exploration reports 8-fold jump in Q2 net profit

Hindustan Oil Exploration Company has reported results for second quarter ended September 30, 2018.

The company has reported around 8-fold jump in its net profit at Rs 42.85 crore for the quarter under review as compared to Rs 5.58 crore for the same quarter in the previous year. Total income of the company also reported around 6-fold jump at Rs 66.48 crore for Q2FY19 as compared Rs 11.65 crore for the corresponding quarter previous year.

Hindustan Oil Exploration Company is an oil and gas company. The company’s activities relate to exploration and production of hydrocarbons, which are natural resources. Its segments include Hydro carbon and Oil additives. Its products include crude oil and natural gas.