Antelopus Selan Energy Ltd Reports ₹57.3 Crore Q2 Profit

Antelopus Selan Energy Ltd reported net profit of ₹57.3 crore in the second quarter of FY27, up 385.6% year on year, while revenue from operations rose 116.2% to ₹119.1 crore. The company also said average production was 1,656 barrels of oil equivalent per day, with an FY27 exit-rate target of 2,500 boepd.

What did Antelopus Selan Energy report for Q2 FY27?

Antelopus Selan Energy reported a sharp year-on-year increase in revenue and profitability for the quarter ended Q2 FY27. Revenue from operations stood at ₹119.1 crore, compared with ₹55.1 crore in Q2 FY26. Net profit increased to ₹57.3 crore from ₹11.8 crore in the corresponding quarter of the previous financial year.

The company reported EBITDA of ₹90.0 crore for the quarter, compared with ₹31.8 crore in Q2 FY26. Gross profit was reported at ₹68 crore, although this figure was down 15.82% quarter on quarter while remaining 404.18% higher year on year. Net profit was also 5.47% higher than the ₹54.3 crore reported in Q1 FY27.

The quarterly update was released on October 26, 2026, alongside the company's Q2 FY27 financial results and investor presentation. The numbers underline the scale of the year-on-year change in its operating and financial performance, even as the company noted flat quarter-on-quarter volume performance and volatility in realised crude prices.

How did production shape the quarterly performance?

Production growth was a central operating measure in the Q2 FY27 update. Antelopus Selan Energy reported average sales of 1,656 boepd during the quarter, up from 1,107 boepd in Q2 FY26. The company said October production had reached 1,950 boepd.

Management is targeting an exit production rate of 2,500 boepd by the end of FY27. The planned ramp-up is linked to the Bakrol and Karjisan assets, which were identified in the earnings-call summary as key contributors to the company's production plan.

The stated target is notable because the company reported flat volume performance on a quarter-on-quarter basis. Its ability to move from the reported October production level to the FY27 exit target will therefore remain an operational point for investors monitoring future disclosures.

What did the company say about its Bakrol and Karjisan plans?

Antelopus Selan Energy said it is banking on production ramp-up from Bakrol and Karjisan to achieve the 2,500 boepd FY27 exit rate. These assets are central to the company's stated plan to increase output beyond the average level recorded in the second quarter.

The company did not provide additional production guidance beyond the FY27 exit-rate target in the supplied disclosures. It also did not provide a detailed asset-wise production split in the information available. Investors therefore have a defined operating milestone but limited data in the disclosed material on the individual contribution expected from each asset.

The earnings update also highlighted realised crude-price volatility. For an exploration and production business, changes in realised crude prices can affect reported revenue even where production volumes are stable. The Q2 results showed substantial year-on-year financial growth, but the disclosure indicates that both output delivery and commodity-price realisations remain relevant to quarterly comparisons.

What other factors affected Antelopus Selan Energy's profit?

Antelopus Selan Energy's investor presentation stated that a revised asset life reduced amortisation by ₹16.91 crore during Q2 FY27. This was a reported factor in the quarter's financial presentation and is relevant when assessing the rise in profit alongside higher revenue and EBITDA.

The company reported net profit of ₹57.3 crore, compared with ₹54.3 crore in Q1 FY27 and ₹11.8 crore in Q2 FY26. The sequential increase was more modest than the year-on-year rise, while gross profit declined quarter on quarter. These comparisons show that the reported financial improvement was strongest against the prior-year base.

For investors, the Q2 figures combine higher reported sales, increased average production and a change in amortisation. The disclosed data does not provide a share-price reaction, customer impact, or a detailed breakdown of operating costs. The available results instead focus on revenue, EBITDA, profit, production and the company’s production target.

When was the Q2 FY27 earnings call made available?

Antelopus Selan Energy held its Q2 FY27 earnings call on October 26, 2026, and subsequently made the audio recording available on its website. The exchange filing was categorised as an analyst or institutional investor meet update under Regulation 30 of the Listing Obligations and Disclosure Requirements regulations.

The company had earlier intimated the earnings-call schedule on October 22, 2026. The audio-recording announcement was filed after the call, with the NSE update showing a filing time of 21:09 IST on October 26. This gives shareholders and analysts access to management's discussion of the quarterly results and operating plans.

The materials supplied indicate that an audio recording was available, while a separate summary noted that no earnings-call transcript had been published for the quarter. Investors relying on management commentary should therefore distinguish between figures in the investor presentation and observations contained in the call recording.

Conclusion

Antelopus Selan Energy delivered Q2 FY27 revenue of ₹119.1 crore and net profit of ₹57.3 crore, reflecting year-on-year increases of 116.2% and 385.6%, respectively. Average production rose to 1,656 boepd from 1,107 boepd a year earlier, while EBITDA reached ₹90.0 crore. The revised asset-life assumption, which reduced amortisation by ₹16.91 crore, was also part of the reported financial picture.

The next disclosed operating measure to watch is the company’s target of reaching a 2,500 boepd exit rate in FY27, following reported October production of 1,950 boepd. Progress at Bakrol and Karjisan, along with realised crude-price movements and future financial disclosures, will provide the relevant context for assessing delivery against that target.