Q1 2026 Jindal Drilling and Industries Ltd Earnings Call Transcript
Key Points
- Jindal Drilling & Industries Ltd (BOM:511034) reported a 23% increase in EBITDA from INR87 to INR107 crores compared to the previous quarter.
- The company's PAT increased by 5% from INR53 to INR55 crores, and EPS rose from INR18 to INR19 per share.
- The revenue from operations increased from INR245 crores to INR254 crores, driven by income from the Jindal Pioneer rig.
- The company maintains a strong operational profitability, as evidenced by its stable net cash position despite recent acquisitions.
- Jindal Drilling & Industries Ltd (BOM:511034) is a leading offshore drilling services contractor in India's oil and gas sector with over 35 years of experience.
- One of the company's rigs, Jindal Explorer, was de-hired in May 2025 and is currently under refurbishment, affecting its deployment until October 2025.
- The market value of older rigs is uncertain, and the company has not undertaken a recent evaluation exercise to determine their current worth.
- The demand for rigs is currently sluggish, with ONGC tenders being delayed or canceled, impacting future growth opportunities.
- The company faces competition in bidding for ONGC contracts, which can lead to lower charter rates.
- There is uncertainty regarding future ONGC tenders and the potential impact of international market fluctuations on rig deployment and profitability.
Ladies and gentlemen, good day and welcome to the general drilling. Discuss Q1 FY26 results conference call hosted by Antique Stock Broking Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Varatharajan. Thank you and over to you, sir.
Thank you, [Nady]. A very good afternoon to everyone. It's my pleasure to welcome all the participants .And the management represented by MR. RAGHAV JINDAL, managing director. And Mr. Kaushal Bengani, deputy general manager in relations and finance for this call. I'll handle the call to the management for the initial comments and we can move on to Q&A. The floor is yours.
Thank you, Mr. Varatharajan. Good afternoon, shareholders, and thank you for joining our earnings call. We've had a very good quarter as was expected. Revenue and EBITDA improved due to recent acquisition
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