Jindal Drilling & Industries submitted its Business Responsibility and Sustainability Report for FY26 to stock exchanges on August 24, 2026. The filing covers the period from April 1, 2025 to March 31, 2026.

The report discloses operational scale, workforce demographics, and environmental impact metrics. It highlights a zero lost-time injury frequency rate for the year.

Operational and Workforce Data

The company operates 22 plants and six offices nationally, alongside one international unit. Its customer base includes major oil and gas producers and public sector undertakings. Exports contributed nil percentage to total turnover.

As of March 31, 2026, the entity employed 624 permanent employees and 120 permanent workers. Female representation among permanent employees stood at 2.4%, with no female workers reported. Board-level female participation was 16.67% (one of six directors). Key Management Personnel included no women.

What the Numbers Show

The turnover rate for permanent employees declined significantly to 9.32% in FY26, down from 19.49% in FY23-24. This sharp reduction suggests improved retention stability compared to two years prior, although the rate remains higher than the 1.31% recorded for permanent workers.

Safety and Environmental Metrics

Safety performance remained strong with a Lost Time Injury Frequency Rate (LTIFR) of nil for both employees and workers in FY26. There were no fatalities or high-consequence injuries reported. In contrast, one recordable work-related injury occurred among workers in FY25.

Environmental disclosures reveal increased resource usage. Total energy consumption rose to 25,21,19,806 MJ in FY26, up from 23,72,49,896 MJ in FY25. This increase coincided with four rigs operating for the full year and one rig operating for seven months.

Water withdrawal surged to 61,212 KL in FY26, compared to 38,579.26 KL in FY25. Seawater and desalinated water accounted for the majority of this volume (55,728 KL). Total waste generated fell to 314.92 metric tonnes in FY26, down from 533.32 metric tonnes in FY25. Hazardous waste, specifically oil-mixed water, constituted 167.95 metric tonnes of the total.

Governance and Compliance

The company maintains ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. It does not have a dedicated Board-level sustainability committee; oversight rests with the CSR Committee and Risk Management Committee. No fines, penalties, or regulatory actions were reported for FY26. One shareholder complaint was filed and resolved during the year.

Jindal Drilling & Industries reported a 23% growth in net profit to ₹1,726.1 crore for the financial year ended March 31, 2026 (FY26), compared to ₹1,408.5 crore in the previous year. Revenue from operations expanded by 20.36% to ₹996.57 crore, reflecting strong operational execution despite global geopolitical headwinds.

The company’s EBITDA surged by 45.41% to ₹345.24 crore, with the EBITDA margin improving by 5.96 percentage points to 34.64%. This margin expansion was achieved notwithstanding rising costs for OEM spares, crew retention, and regulatory compliance.

Financial Performance Highlights

Depreciation and amortization increased significantly to ₹150.62 crore from ₹89.12 crore, primarily due to the capitalization of the Jindal Pioneer rig acquired in March 2025. Finance costs dropped by 48.19% to ₹8.43 crore following the full repayment of long-term borrowings during the year. Consequently, the debt-equity ratio fell to 0.00 from 0.05 in the prior year.

Operational Excellence and Safety

The company maintained a fleet-wide operating efficiency of 98.55% for FY26. Safety performance remained exemplary, with zero Lost Time Incidents (LTI) recorded across all rigs. All five operating rigs received Safety Excellence certificates from the International Association of Drilling Contractors (IADC). The Jindal Supreme rig achieved a nine-year unbroken LTI-free record.

ONGC formally appreciated the Jindal Supreme team for completing six exploratory wells 35-50% ahead of schedule without any downhole issues. The rig achieved a cycle speed of 838 metres per day. Additionally, the newly acquired Jindal Pioneer has secured a three-year charter from ONGC, expanding the operating fleet to six jack-up rigs.

Dividend and AGM Details

The Board of Directors recommended a final dividend of ₹1.00 per equity share of face value ₹5 each, representing a 20% payout rate. If approved by shareholders at the 42nd Annual General Meeting (AGM) scheduled for September 15, 2026, the dividend will be paid on or after September 17, 2026. Shareholders holding shares on the record date of September 1, 2026, will be eligible for the dividend.

What the Numbers Show

The disproportionate rise in EBITDA (45%) relative to revenue (20%) indicates significant operating leverage as the company utilized its existing asset base more efficiently. Furthermore, the elimination of long-term debt combined with a cash surplus strengthens the balance sheet, providing flexibility for future strategic investments without interest burden.