Hindustan Oil Exploration Company Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter the company reported net sales/income from operations was INR 61.139 million compared to INR 99.263 million a year ago. Profit from operations before other income, finance costs and exceptional items were of INR 7.162 million compared to loss of INR 133.120 million a year ago. Profit from ordinary activities before tax was INR 42.643 million compared to loss of INR 1,180.075 million a year ago. Net profit was INR 42.643 million or INR 0.33 per basic and diluted share compared to loss of INR 1,180.075 million or INR 9.04 per basic and diluted share a year ago.

For the nine months, the company reported net sales/income from operations was INR 225.443 million compared to INR 339.450 million a year ago. Loss from operations before other income, finance costs and exceptional items were of INR 24.273 million compared to INR 377.937 million a year ago. Profit from ordinary activities before tax was INR 51.527 million compared to loss of INR 12,149.864 million a year ago. Net profit was INR 51.8 million or INR 0.40 per basic and diluted share compared to loss of INR 12,149.864 million or INR 93.10 per basic and diluted share a year ago.