Jindal Drilling And Industries Limited has informed the Exchange about Investor Presentation
JINDRILL · price
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Jindal Drilling reported a sharp jump in Q2 FY26 results, with total revenue rising to Rs. 347 crore from Rs. 183 crore in Q2 FY25 (~90% YoY growth), driven by rig operations. EBIDTA surged to Rs. 121 crore at a 51% margin (vs 18% in Q2 FY25), and profit after tax more than seven-folded to Rs. 121 crore from Rs. 16 crore. The company disclosed a healthy order book of about Rs. 1,369 crore (USD 155 mn) spread across five rigs contracted with ONGC, with visibility into FY29. Balance sheet strengthened further, with net cash position improving to Rs. 295 crore as of September 2025 (from Rs. 111 crore in March 2025), reflecting debt reduction and strong cash generation even after the recent rig acquisition.
Strong earnings beat, expanding margins, and a multi-year order pipeline suggest robust business momentum for shareholders. Improving net cash position provides flexibility for growth or shareholder returns, though the company remains exposed to oil & gas price swings and one rig awaiting its next contract.