Jindal Drilling And Industries Limited has informed the Exchange about Presentation
JINDRILL · price
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Awaiting price reaction for this filing.
Jindal Drilling submitted its Q1 FY26 earnings presentation, reporting total revenue of Rs. 263 crore, up ~43% year-on-year from Rs. 184 crore in Q1 FY25. EBITDA surged to Rs. 107 crore with margins expanding sharply to 42% (from 18% a year ago), while profit after tax more than doubled to Rs. 56 crore (vs Rs. 23 crore). The company disclosed a robust order book of approximately Rs. 1,538 crore (USD 180 million) spread across six rigs, with visibility extending into FY29 — the Jindal Supreme contract alone contributes Rs. 609 crore. Gross debt reduced to Rs. 121 crore (from Rs. 139 crore in March 2025) and the company maintained a net cash position of Rs. 112 crore despite the recent acquisition of rig Jindal Pioneer. Four of six rigs are currently operating with ONGC in India.
Strong quarterly performance with significant margin expansion and a multi-year order pipeline should support investor confidence. Visible revenue of Rs. 1,538 crore across contracts through FY29 provides earnings certainty, while the net cash position and reducing debt signal financial strength.