Jindal Drilling & Industries Ltd (NSE:JINDRILL)

Q2 2026 Jindal Drilling and Industries Ltd Earnings Call Transcript

Nov 6, 2025 / 06:30 AM GMT

Release Date Price: ₹570.5 (-2.37%)

Transcript

Key Points

Positve

Total revenue increased by 32% in Q2 FY26 compared to the previous quarter, driven by a favorable litigation outcome.
The company has a strong net cash position, which improved to 295 crores from 111 crores in March 2025.
Jindal Drilling & Industries Ltd (BOM:511034) has over 35 years of experience in offshore drilling, supported by an efficient operational and management team.
The company has been a long-term partner with ONGC, providing offshore drilling services and maintaining a strong order book.
The company doubled its dividend payout due to strong cash flows, reflecting a commitment to returning value to shareholders.

Negative

EBITA decreased by 13% from 107 crores to 93 crores, partly due to foreign exchange fluctuations and rig hire costs.
Operating margins declined from 42% to 39% compared to the previous quarter, attributed to rig downtime and forex impact.
The company faces competitive pressure in securing contracts, which affects the day rates for its rigs.
There is uncertainty regarding future contract rates, as the company had to match lower competitor bids in the past.
The refurbishment of rigs requires significant expenditure, ranging from 70 to 120 crores, impacting cash reserves.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JNDR.NS - Jindal Drilling and Industries Ltd
Q2 2026 Jindal Drilling and Industries Ltd Earnings Call
Nov 06, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Jindal drill and Discuss Q2FI26 results conference call hosted by Anti Stock Broking Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on a touchstone phone. Please note this conference is being recorded. I now hand the conference over to Mr. Vartarajan.

Thank you and over to you, sir.

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Unidentified_2 [2]
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