Jindal Drilling And Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
JINDRILL · price
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Jindal Drilling reported standalone revenue of Rs. 1,04,234 lakhs for FY26, up 17.9% from Rs. 88,433 lakhs in FY25. Standalone PAT grew 22.6% to Rs. 17,261 lakhs versus Rs. 14,084 lakhs. However, consolidated PAT declined slightly to Rs. 21,060 lakhs from Rs. 21,590 lakhs in FY25, as joint venture contributions (Discovery Drilling and Virtue Drilling) of Rs. 3,799 lakhs partially offset this decline. The Board recommended a dividend of Rs. 1 per share (20%) for FY26, unchanged from FY25. An exceptional item of Rs. 395 lakhs was recognized due to new Labor Codes implementation. Significant foreign exchange loss of Rs. 3,018 lakhs impacted FY26 results versus a gain of Rs. 2,630 lakhs in FY25. The statutory auditor issued an unmodified (clean) opinion on both standalone and consolidated results.
The standalone revenue and profit growth indicates healthy operational performance, though the consolidated PAT decline and forex losses are concerns. The clean audit opinion and dividend continuity provide some comfort to shareholders. Investors should monitor the JV performance and forex impact on future earnings.