Antelopus Selan Energy530075Quarterly results
Board approves September-quarter results; auditor's limited review conclusion unmodified
Board met on October 26, 2026 and approved the unaudited results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 4 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 12,168 | 5,627 | +116% | 13,313 | −8.6% |
| Total income | 12,718 | 5,745 | +121% | 13,223 | −3.8% |
| Profit before tax | 7,658 | 1,577 | +386% | 7,273 | +5.3% |
| Profit after tax | 5,729 | 1,181 | +385% | 5,432 | +5.5% |
| Total comprehensive income | 5,752 | 1,189 | +384% | 5,378 | +7% |
| Basic EPS | 16.18 | 3.36 | +382% | 15.45 | +4.7% |
- Profit after tax YoY growth
- +385%
- Period
- Quarter Ended 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
- Emphasis of matter: Note 4 on revised estimation of amortisation period of Oil and Gas Assets; amortisation charge lower by Rs. 1,691 Lakhs (quarter) and Rs. 2,884 Lakhs (half year). Conclusion not modified.
Notes to the results
- Change in estimate of useful life of Oil and Gas Assets lowered amortisation by ₹1,691 Lakhs for quarter ended 30.09.2026 and ₹2,884 Lakhs for six months.
- Exceptional item: impairment provision of ₹1,000 Lakhs in quarter ended 30.06.2026 against CWIP of Elao Field, pending DGH approval.
- Other income for the quarter includes ₹650 Lakhs refund of excess Cess remitted in FY 2020-21 to 2022-23.
- Two onshore contract areas awarded under DSF Bid Round-IV; Revenue Sharing Contracts signed on 22nd October 2026.
What the board approved
Antelopus Selan Energy's board met on October 26, 2026 from 3:00 P.M. to 4:15 P.M. and approved the unaudited financial results for the quarter and half year ended September 30, 2026. The company operates in a single segment, production of oil and natural gas, so no separate segment reporting applies. The figures below are standalone, stated in Rs. Lakhs.
Auditor's review conclusion
V. Sankar Aiyar & Co., Chartered Accountants, issued a limited review report with an unmodified conclusion — nothing came to their attention that causes them to believe the statement has any material misstatement or fails the listing disclosure requirements. A review gives moderate assurance and is narrower in scope than a full audit.
The one matter the auditor drew attention to
- Note 4 deals with the useful life of the company's Oil and Gas Assets, reassessed after the Oil Fields (Regulation and Amendment) Act, 2025 and the Petroleum and Natural Gas Rules, 2025.
- For the production sharing contracts relating to Bakrol, Lohar and Cambay fields, a further extension of 10 years was considered on a conservative basis.
- This is a change in accounting estimate applied from 1st October, 2025, and it makes the amortisation charge lower by Rs. 1,691 Lakhs for the quarter ended 30th September 2026 and Rs. 2,884 Lakhs for the six months ended 30th September 2026.
Key result lines
- Revenue from Operations: 12,168 for the quarter (13,313 in the preceding quarter ended 30.06.2026, 5,627 in the quarter ended 30.09.2025); 25,481 for the half year.
- Total Income: 12,718 for the quarter; 25,941 for the half year.
- Total Expenses: 5,060 for the quarter; 10,010 for the half year.
- Profit before Tax: 7,658 for the quarter; 14,931 for the half year.
- Net Profit for the period: 5,729 for the quarter; 11,161 for the half year.
- Basic EPS: 16.18 per share for the quarter; 31.63 per share for the half year.
Cash and balance sheet
- Net cash from Operating activities: 16,825 for the half year.
- Purchase of PP&E and intangible assets including CWIP and capital advances: 13,695 for the half year.
- Net cash used in Investing activities: 16,197 for the half year.
- Total assets and total equity and liabilities both stand at 97,836 as at 30.09.2026.
Other decisions and note disclosures
- Employee stock options: 1,25,462 equity shares were allotted during the quarter under the ESOS-2022 scheme. Paid-up equity share capital as on 30th September 2026 is 3,52,67,820 equity shares, and 83,076 Employee Stock Options were outstanding that had not yet completed their vesting period.
- Exceptional item: an impairment provision of ₹ 1,000 Lakhs, recognised in the previous quarter ended 30th June 2026, against Capital Work-in-Progress relating to the Elao Field, pending approval from the Directorate General of Hydrocarbons; an application has been submitted.
- Other Income for the quarter and six months includes ₹ 650 Lakhs towards refund of excess Cess remitted during Financial Years 2020-21, 2021-22 and 2022-23.
- Cambay Field: under a Farm-in-Farm-Out Agreement with Oilex NL Holdings (India) Limited and Synergia Energy Limited for 50% participating interest, the company has capitalised ₹ 3,048 Lakhs as consideration and had paid ₹ 3,521 Lakhs (equivalent to USD 4.5 million) up to 30th September 2026 under a carry arrangement capped at USD 10 million.
New contract areas
- The company received approval from the Government of India for the award of two onshore contract areas under the Discovered Small Field (DSF) Bid Round-IV.
- KG/ONDSF/KG ONLAND/2025 — an onshore field in the Krishna-Godavari (KG) Basin in Andhra Pradesh.
- CB/ONDSF/CAMBAY ONLAND/2025 — an onshore field in the Cambay Basin in Gujarat.
- The Revenue Sharing Contracts have been formally signed and awarded to the company on 22nd October 2026.
Points a retail investor can track
- The company states that the selling price of crude oil is set by prevailing international market rates in US Dollars, so crude prices and the rupee-dollar rate affect profitability.
- The lower amortisation charge is an accounting estimate change; it changes reported profit, while cash generation is shown separately in the cash flow statement.
- Oil and gas assets of 42,909 and capital work in progress of 18,702 make up the bulk of the 73,564 of non-current assets.
7,273 (₹ in Lakhs)Profit before tax, quarter
Net Profit for the period - quarter ended 30.09.₹5,729 lakh
Profit before tax, year-ago quarter1,577 (₹ in Lakhs)
Also from Antelopus Selan Energy
Antelopus Selan Energy posts audio recording of Q2 FY 2026-27 earnings call held October 26, 2026
26 Oct 2026
Antelopus Selan Q2 FY27: net profit rises to ₹57.3 Cr as sales hit 1656 boepd; company targets 2,500 boepd FY27 exit
26 Oct 2026
Antelopus Selan Energy schedules Q2FY27 earnings call for October 26, 2026 at 6:00 PM IST
22 Oct 2026
More numbers
- Total Income - six months ended 30.09.202625,941
- Lower amortisation charge for the quarter (Note 4)Rs. 1,691 Lakhs
- Equity shares allotted under ESOS-2022 during the quarter1,25,462
- Paid-up equity share capital as on 30.09.2026 (number of shares)3,52,67,820
- Impairment provision against Elao Field work-in-progress₹ 1,000 Lakhs
- Total income, latest quarter12,718 (₹ in Lakhs)
- Total income, year-ago quarter5,745 (₹ in Lakhs)
- Total income, previous quarter13,223 (₹ in Lakhs)
- Total comprehensive income, latest quarter5,752 (₹ in Lakhs)
- Total comprehensive income, year-ago quarter1,189 (₹ in Lakhs)
- Total comprehensive income, previous quarter5,378 (₹ in Lakhs)
- Profit after tax, latest quarter5,729 (₹ in Lakhs)
- Profit after tax, year-ago quarter1,181 (₹ in Lakhs)
- Profit after tax, previous quarter5,432 (₹ in Lakhs)
- Revenue from operations, latest quarter12,168 (₹ in Lakhs)
- Revenue from operations, year-ago quarter5,627 (₹ in Lakhs)
- Revenue from operations, previous quarter13,313 (₹ in Lakhs)
- Profit before tax, latest quarter7,658 (₹ in Lakhs)
- Profit before tax, year-ago quarter1,577 (₹ in Lakhs)
- Profit before tax, previous quarter7,273 (₹ in Lakhs)
Source: BSE · 26 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.