Antelopus Selan Energy Q3FY26: EBITDA Up 35% QoQ to ₹46.61 Cr, Revenue ₹72.29 Cr
Antelopus Selan Energy reported Q3 FY26 results with EBITDA up 35% QoQ to ₹46.61 crore and Net Profit at ₹28.50 crore. Revenue from operations was ₹71.11 crore. Production is targeted to exceed 1800 boepd by March 2026, with growth expected in FY27. The amortization period for Bakrol, Lohar, and Cambay fields has been extended by 10 years.
The significant increase in EBITDA, strong production growth trajectory, and the extension of amortization periods are material positive developments that are likely to have a substantial impact on the company's financial performance and investor perception.
The company reported strong quarter-on-quarter growth in volumes and EBITDA, along with positive developments in its drilling campaigns and a favorable extension of amortization periods, indicating a positive outlook.
Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited) has announced its financial results for the third quarter of FY 2025-26. The company reported a significant quarter-on-quarter (QoQ) growth in both volumes and EBITDA. Average sales for the quarter stood at approximately 1498 barrels of oil equivalent per day (boepd), marking a strong QoQ increase of about 35%.
In terms of financial performance, Total Income for Q3 FY26 was ₹73.02 crore, with Revenue from Operations (Net) at ₹71.11 crore. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) saw a substantial QoQ rise, reaching ₹46.61 crore compared to ₹31.75 crore in Q2 FY26. Net Profit for the period was ₹28.50 crore. The company's product mix consisted of approximately 86% oil and 14% gas by revenue. Year-on-year, revenues increased by about 10%, driven by a 20% rise in sales volumes, despite a 17% decrease in blended price realizations.
Development projects are progressing across various fields. In the Karjisan field, three out of four new wells are on production, with the fourth expected to be onstream by early February 2026. A new Field Development Plan is being prepared, with further drilling planned for H2 FY27. The Bakrol field's 10-well drilling campaign is ongoing, with two wells drilled, and is expected to continue until mid-FY27. A fracking campaign is scheduled to commence by the end of FY26 or early FY27 to impact volumes from new wells. In the Duarmara field, workovers have resulted in incremental oil production of approximately 40-50 bopd from December 2025 onwards. The new well, C-78, in the Cambay field, flowed gas during testing, and the well is under observation for pressure behavior. The company is well-positioned to achieve an exit production rate of over 1800 boepd by March 2026, with continued growth expected in FY27.
A significant development is the extension of the amortization period for the Bakrol, Lohar, and Cambay fields by 10 years, following the notification of the Oilfields (Regulation and Development) Amendment Act, 2025. This extension is in compliance with Indian Accounting Standards (Ind AS).
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Antelopus Selan Energy Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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