Hindustan Oil Exploration Company Ltd (HOEC) on Tuesday said the company is aiming for Rs 150 crore topline and Rs 100 crore bottomline for FY19.

In an interview to CNBC-TV18, P Elango, managing director, said, "The revenue growth is sustainable going forward as well. There has been 60 percent increase in gas production from Assam and completion of offshore drilling campaign in 100 percent owned PY-1 offshore field, which has taken the production from two million cubic feet per day to 12 million cubic feet per day. This increased production came in from mid-July."

According to Elango, the Mercury and Earth wells in PY-1 offshore field was brought into production by June and July, so Q2 will see results of this developments.

The volume growth in Q1 stood at 60 percent in gas and 10 percent in oil, Elango added.

HOEC posted a strong set of first quarter earnings with a 50 percent rise in topline compared to the previous quarter.