Jindal Drilling And Industries Limited has informed the Exchange about Transcript
JINDRILL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jindal Drilling reported strong FY25 results with revenue up 37% to INR884 crores, EBITDA up 19% to INR237 crores, and PAT up 24% to INR141 crores, driven by the acquisition of Rig Jindal Pioneer on 5 March 2025 and full-quarter operations of Jindal Supreme. The company now owns 3 offshore jack-up rigs and operates 2 with ONGC, with a sixth rig under refurbishment. Order book stands at INR1,791 crores with FY26 revenue conservatively guided at INR898 crores. Gross debt was cut from INR282 cr to INR139 cr, and net cash position improved from INR51 cr to INR131 cr. Management guided FY26 blended margins around 35% and stated new contract day rates should bounce back to the $60,000+ range, calling the recent INR35,000 rate an anomaly from desperate competitor bidding. The Pioneer acquisition will be fully funded through internal accruals without new debt.
Shareholders can expect continued strong performance in FY26 with higher revenue and record profits, supported by a robust order book and debt-free acquisition of Jindal Pioneer. The weak day rate on one contract (Jindal Explorer at ~$35,000) is a near-term concern but management expects significant rate recovery in upcoming 2025-26 contract renewals, which should support stock sentiment positively.