Jindal Drilling & Industries Limited secured an approximate order book of ₹1,310 crore ($136 million) as of June 30, 2026, reinforcing its revenue visibility through long-term contracts with Oil and Natural Gas Corporation (ONGC). The offshore drilling contractor reported standalone net profit of ₹524 million for the quarter ended June 30, 2026 (Q1FY27), while maintaining a net cash position of ₹183 crore, reflecting strong operational cash flows despite ongoing rig refurbishment activities.

The Board of Directors approved the unaudited financial results at its meeting on August 7, 2026, with statutory auditors M/s Kanodia Sanyal & Associates issuing a limited review report without material observations. The company’s total income stood at ₹2,826 million, up from ₹2,625 million in Q1FY26, driven by steady utilization of its owned and rented jack-up rigs.

Order Book and Contract Visibility

The company’s order book is anchored by long-term contracts for its six active rigs, with significant visibility extending into FY29. Jindal Pioneer, currently under refurbishment in the UAE, is scheduled for deployment in Q3FY27, contributing ₹477 crore to the total order book.

Approximately ₹563 crore of the order book is allocated to the nine months ending March 2027, with ₹440 crore extending into FY28. The remaining ₹307 crore provides visibility into FY29 and FY30, primarily from Jindal Pioneer and Jindal Explorer contracts.

Financial Performance

Standalone EBITDA for Q1FY27 was ₹104 crore, representing a margin of 37.64%, down from 42.04% in Q1FY26 due to higher operational expenses. Net profit declined to ₹524 million from ₹565 million year-on-year. Consolidated net profit stood at ₹471 million, impacted by a loss of ₹53 million from joint ventures Discovery Drilling Pte. Ltd and Virtue Drilling Pte. Ltd, compared to a gain of ₹97 million in the prior year.

Balance Sheet Strength

Jindal Drilling strengthened its net cash position to ₹183 crore as of June 2026, up from ₹128 crore at the end of FY26. Gross debt reduced to ₹52 crore from ₹69 crore, primarily due to the drawdown of loans for rig refurbishment. The company holds ₹252 crore in liquidity, including liquid investments of ₹248 crore and cash balances of ₹4 crore.

What the Numbers Show

The divergence between stable revenue growth and contracting EBITDA margins highlights increased cost pressures in the offshore drilling segment. However, the robust order book of ₹1,310 crore, with nearly 43% allocated to FY27, suggests that current margin compression may be temporary as higher day-rate contracts like Jindal Supreme (USD 88,859/day) ramp up. The improving net cash position indicates that operational cash flows are sufficient to fund capital expenditures such as the Jindal Pioneer refurbishment without dilutive equity raises.

Jindal Drilling & Industries has fixed Tuesday, September 1, 2026, as the record date for determining members eligible to receive the dividend for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. This procedural step ensures that only shareholders holding equity shares on the specified record date are entitled to the proposed payout, establishing a clear cutoff for eligibility ahead of the final declaration. The timing of the record date, set two weeks prior to the meeting, allows the company to finalize its register of members and prepare for potential disbursement shortly after the vote.

The 42nd Annual General Meeting of Jindal Drilling And Industries Limited is scheduled to take place on Tuesday, September 15, 2026, at 3:00 P.M. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with regulatory guidelines for remote participation. Shareholders must ensure their holdings are registered in the company’s books by the close of business on September 1, 2026, to qualify for any dividend declared during this session. The Board of Directors has structured the timeline to allow for efficient processing of approvals and subsequent payments.

Pursuant to Regulation 42 and other applicable provisions of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company has communicated these details to both the Bombay Stock Exchange and the National Stock Exchange of India Limited. The notice was issued on August 7, 2026, by Binaya Kumar Dash, Company Secretary, ensuring that all stakeholders are informed of the critical dates. The dividend, if approved by the shareholders at the AGM, will be paid on or after September 17, 2026, providing a clear window for post-meeting disbursement procedures.

Key Dates for Shareholders

Shareholders should note the following timeline to ensure they are positioned to receive the dividend:

• Record Date: Tuesday, September 1, 2026
• AGM Date: Tuesday, September 15, 2026
• Dividend Payment: On or after September 17, 2026

The company has emphasized that the dividend is contingent upon approval at the AGM. Until the resolution is passed by the shareholders, no entitlement is guaranteed. Investors holding shares before the record date but selling them thereafter will still be eligible for the dividend, while those purchasing shares after the record date will not receive the payout for this financial year. This standard corporate action process ensures transparency and fairness in the distribution of profits to long-term investors.