Antelopus Selan Energy Q3FY26 Net Profit Rises to ₹285 Crore
Antelopus Selan Energy reported a Q3 FY26 net profit of ₹285 crore, up from ₹118.10 crore year-on-year. Nine-month profit reached ₹689.50 crore. The company revised its oil and gas asset amortization, reducing the charge by ₹843 Lakhs. Amalgamation with Antelopus Energy Private Limited is effective from July 5, 2025.
The substantial increase in net profit and the positive impact of revised accounting estimates are material to the company's financial performance and investor outlook.
The company reported a significant increase in net profit for the quarter and nine months ended December 31, 2025, compared to the previous year. The revised amortization estimates also positively impacted the results.
Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors, in a meeting held on January 22, 2026, approved these results.
The company reported a net profit of ₹285.00 crore for the quarter ended December 31, 2025, a significant increase from ₹118.10 crore in the same period last year. Total income for the quarter stood at ₹730.20 crore, up from ₹574.50 crore in the corresponding period of the previous year.
For the nine months ended December 31, 2025, the net profit was ₹689.50 crore, compared to ₹558.00 crore for the nine months ended December 31, 2024. Total income for the nine-month period was ₹1840.30 crore, against ₹2024.80 crore in the prior year.
The results reflect a revised estimation of the amortization period for the company's "Oil and Gas Assets," leading to a reduction in the amortization charge by ₹843.00 Lakhs for the quarter and nine months ended December 31, 2025. This change was made in accordance with the amended Oil Fields (Regulation and Amendment) Act, 2025, and new Petroleum and Natural Gas Rules, 2025.
Additionally, the financial results for previous periods have been restated to comply with Ind AS 103 Appendix C for Business Combination of entities under common control, following the amalgamation of the company with Antelopus Energy Private Limited, effective from July 5, 2025. The company also commenced commercial production from the "Mukkamala" field within the Dangeru Contract Area during the previous quarter.
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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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