Jindal Drilling And Industries Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
JINDRILL · price
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Jindal Drilling reported strong Q2 and H1 FY26 results, with standalone revenue from operations rising 38% YoY to Rs. 23,803 lakhs in Q2 and 43% YoY to Rs. 49,212 lakhs in H1. Standalone profit after tax jumped to Rs. 12,074 lakhs in Q2 (vs Rs. 1,584 lakhs) and Rs. 17,718 lakhs in H1 (vs Rs. 3,882 lakhs, up ~356%). A large part of the earnings boost came from a one-time Rs. 10,043 lakhs booked as 'Other Income' from an old ONGC receivable litigation that was finally settled (Rs. 6,648 lakhs towards principal and Rs. 10,043 lakhs towards interest and forex). Consolidated H1 PAT stood at Rs. 19,861 lakhs, helped by share of profit from joint ventures (Discovery Drilling and Virtue Drilling). The auditor M/s Kanodia Sanyal & Associates issued a clean (unmodified) limited review report with no qualifications or emphasis of matter.
Results are headline-strong, but a meaningful chunk of the profit is non-recurring ONGC litigation income, so the underlying operational performance is more modest though still clearly improving. Debt levels remain very low and operating cash flow is positive, supporting a healthy balance sheet. The stock may see a positive reaction on strong reported numbers, but investors should watch how core drilling revenue trends in coming quarters without the litigation tailwind.