Jindal Drilling And Industries Limited has informed the Exchange about Appointment of M/s P L Gupta & Co. Chartered Accountants, as Internal Auditors of the Company for the Financial Year 2025-26.
JINDRILL · price
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Jindal Drilling's board, at its meeting on 30 July 2025, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone profit after tax more than doubled to Rs 5,645 lakhs from Rs 2,299 lakhs a year ago, on total income of Rs 26,256 lakhs (up from Rs 18,409 lakhs). Consolidated PAT rose to Rs 6,611 lakhs from Rs 4,386 lakhs, with EPS of Rs 22.81 versus Rs 15.13. The board re-appointed M/s P L Gupta & Co. as Internal Auditors for FY 2025-26 and recommended appointing M/s Ajit Mishra & Associates as Secretarial Auditor for five years (FY26-FY30), subject to shareholder approval. It also recommended re-appointing Independent Director Dr. Raj Kamal Aggarwal for another five-year term from 10 November 2025. Notably, the company has not yet booked the favourable ONGC arbitration award, as the Bombay High Court has asked the bank guarantee to be kept alive until 12 September 2025.
Strong Q1 earnings growth and stable governance appointments are positive signals for shareholders. However, the deferred recognition of the ONGC arbitration win means a potential earnings boost remains pending court clearance.