Jindal Drilling And Industries Limited has informed the Exchange about Transcript upon earning conference call held on 01st August 2025
JINDRILL · price
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Jindal Drilling reported strong Q1 FY26 results with EBITDA rising 23% quarter-on-quarter to INR107 crores and PAT up 5% to INR55 crores, driven by full-quarter contribution from the newly acquired rig Jindal Pioneer. EPS rose to INR19 from INR18. Management guided FY26 revenue above INR925 crores and EBITDA between INR360-380 crores, with similar EBITDA of INR360-380 crores projected for FY27 as well. These projections assume the Jindal Pioneer rig gets redeployed at a conservative USD 40,000/day rate. The company has 6 rigs in its fleet, with 4 currently operating with ONGC, 1 (Jindal Explorer) under refurbishment until October 2025, and 1 deployed overseas. Net cash position stood at INR112 crores as of June 30, 2025, and finance costs dropped to just INR2.5 crores for the month.
The strong Q1 performance and conservative FY26-27 EBITDA guidance of INR360-380 crores (versus INR237 crores in FY25) signals a significant margin expansion ahead for shareholders. The company maintains a net cash position, has clear visibility on near-term earnings, and management is open to acquiring more rigs if attractive ONGC contracts materialize, providing potential upside beyond current guidance.