Antelopus Selan Energy reported a strong Q2 FY27, with net profit rising to Rs 57.3 Cr against Rs 11.8 Cr in the same period last year. Revenue surged to Rs 119.1 Cr as production efficiency improved at the Bakrol field. The company is now aggressively expanding its footprint with new acreage in the KG and Cambay basins, targeting a production milestone of 5,000 boepd by FY'29.
Antelopus Selan Energy Q2 Profit Climbs to Rs 57.3 Cr
Net profit reached Rs 57.3 Cr compared to Rs 11.8 Cr in Q2 FY26.
Revenue from operations touched Rs 119.1 Cr, up from Rs 55.1 Cr in Q2 FY26.
Reader Takeaway: Robust production growth at Bakrol drives earnings; watch for success in upcoming drilling campaigns at Karjisan.
What just happened
Antelopus Selan Energy has delivered strong financial results for the second quarter of fiscal year 2027. The company's net profit saw a significant jump, supported by a production output exceeding 950 barrels of oil equivalent per day (boepd) at its Bakrol field. The current revenue figure includes a one-time benefit of approximately Rs 6.5 Cr from a cess refund related to previous fiscal years.
Why this matters
The company’s strategy to reinvest operating cash flows into its drilling campaigns is yielding results. With the successful completion of a 10-well program at Bakrol, the management is now shifting focus to the Karjisan block. Securing new acreage under the DSF-IV bidding round in the KG and Cambay basins provides a long-term growth pipeline that supports their vision of reaching 5,000 boepd by FY'29.
Operational Highlights
The company is currently maintaining a steady pace in its development projects. Two out of seven planned wells at the Karjisan field have been drilled, with new production expected to commence by the end of November. Simultaneously, the company is preparing Field Development Plans (FDPs) for its expanded portfolio of nine fields in the KG Onland area.
Risks to watch
Investors should remain mindful of the inherent risks associated with upstream oil and gas production. Future profitability remains highly sensitive to global crude oil price volatility. Furthermore, the aggressive production targets are contingent upon successful reservoir performance and the technical outcomes of the planned drilling campaigns over the next three to four years.
What to track next
All eyes are on the upcoming Q4 FY27 drilling schedule in the Cambay block. Management's ability to maintain its capex cycle while scaling production will be the primary indicator of long-term value creation.