Dolly Khanna Stock engaged in the business of exploration and production of Oil & Gas hit a 20 percent upper circuit in the day’s trade upon declaring its Q1FY25 results with a 261 percent jump in Net Profits
Price action
With a market capitalization of Rs. 1,393 Crores, the shares of Selan Exploration Technology Limited hit a 20 percent upper circuit in the day’s trade at Rs. 916.80 per equity share, from its previous day’s close price of Rs. 764.
Q1FY25 Results
Its Revenue from operations grew by 126 percent YoY from Rs. 28.12 Crores in Q1FY24 to Rs. 63.46 Crores in Q1FY25 and it grew by 16 percent QoQ from Rs. 54.72 Crores in Q4FY24 to Rs. 63.46 Crores in Q1FY25.
Its Net Profit grew by 261 percent YoY from Rs. 5.04 Crores in Q1FY24 to Rs. 18.19 Crores in Q1FY25 and it grew by 49 percent QoQ from Rs. 12.25 Crores in Q4FY24 to Rs. 18.19 Crores in Q1FY25.Its Net Profit Margin increased from 15.98 percent in Q1FY24 to 27.66 percent in Q1FY25.
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Ace Investor
As of Q1FY25, Ace Investor Dolly Khanna holds a 1.56 percent stake in the company consisting of ~2.36 Lakh equity shares. She had earlier invested in June 2018 by picking a 1.48 percent stake but had completely exited her position in the company in September 2018.
She made a reentry into the company by picking a fresh stake in the company in March 2024 by purchasing a 1.03 percent stake consisting of ~1.56 lakh equity shares.
Key Highlights
Oil pool extension to the Eastern side of the Bakrol field has been confirmed from a recently completed drilling campaign
Shallower K- III reservoir appraisal drilling for the Karjisan Field has confirmed the oil pool extension and Field Development Plan for K – III reservoir under approval
The forest clearance stage 1 relating to the Duarmara Field is in process, On track to commence site activities post-monsoon and commence drilling by the end of this Financial Year. It is also on track to commence drilling in the Duarmara field by the end of FY25.
About the Company
Selan Exploration Technology Limited is engaged in the business of exploration and production of Oil & Gas. operates through the production of Crude Oil and Natural Gas with multiple oil & gas fields in the state of Gujarat.
Written by: Bharath K.S
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