Q4 2025 Jindal Drilling and Industries Ltd Earnings Call Transcript
Key Points
- Jindal Drilling & Industries Ltd (BOM:511034) reported a 4% increase in revenue to INR264 crores in Q4 FY25 compared to the previous quarter.
- EBITDA improved by 7% from INR81 crores to INR87 crores, indicating better operational efficiency.
- The acquisition of the rig Jindal Pioneer is expected to further boost revenue and earnings in Q1 FY26.
- The company's gross debt has significantly reduced from INR282 crores in March '24 to INR139 crores in March '25, improving the net cash position.
- The order book stands strong at INR1,791 crores, providing a solid revenue pipeline for the future.
- The day rate for the Jindal Explorer was lower than expected at INR35,000, compared to previous expectations of around $60,000.
- There is uncertainty in the market due to aggressive bidding by competitors, which led to lower contract rates.
- The company faces challenges with the cyclical nature of the offshore rig market, impacting revenue predictability.
- Refurbishment of rigs can take five to six months, delaying revenue generation from new contracts.
- The company is heavily reliant on ONGC for contracts, which poses a risk if ONGC's demand fluctuates.
Ladies and gentlemen, good day and welcome to the Jindal Drilling Limited Q4 FY25 earnings conference call hosted by Antique Stock Broking Limited.
(Operator Instructions) Please note that this conference is being recorded.
I now have the conference over to Mr. Varatharajan Sivasankaran from Antique Stock Broking. Thank you and over to you, sir.
Thank you, Muskan. A very good afternoon to everyone. On behalf of Antique Stockbroking, I'd like to welcome all the participants and the management of Jindal Drilling to this conference call.
We have with us Mr. Raghav Jindal, Managing Director, and Mr. Kaushal Bengani, Deputy General Manager, Investor Relations and Finance.
Without further ado, I would like to handle the call to the management for the opening even to be followed by the Q&A. The floor is yours.
Thank you, Mr. Varatharajan. Good
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