United Drilling Tools Limited has secured a domestic order worth ₹16.61 lakh from Shivganga Drillers Limited for the supply of stabilizers used in the oil and gas industry. This transaction marks the first order received from Shivganga Drillers Limited for these types of stabilizers and is intended to evaluate the performance and quality of the products under field operating conditions. The order is expected to be executed within 1-2 months.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Govind Sharma, GM-Global Sales and Marketing, expressed confidence that the stabilizers would meet the customer's expectations, citing the company's rigorous engineering standards and successful supplies to other private sector companies and government PSUs.

Order Details

The following table outlines the key particulars of the order received by United Drilling Tools :

United Drilling Tools Ltd has reported its audited financial results for the financial year ended March 31, 2026. The company recorded a standalone net profit of ₹1,875.91 lakh for the year, representing an increase from ₹1,491.92 lakh in the previous year. Revenue from operations for FY26 stood at ₹18,195.73 lakh, compared to ₹17,215.66 lakh in FY25.

Financial Performance

For the quarter ended March 31, 2026, the company reported a standalone net profit of ₹467.35 lakh on revenue from operations of ₹4,424.87 lakh. On a consolidated basis, the net profit for the year was ₹1,897.01 lakh, up from ₹1,502.52 lakh in the previous year. Total consolidated revenue for FY26 reached ₹18,442.28 lakh. The board approved the audited financial results, both standalone and consolidated, during a meeting held on May 21, 2026.

The table below summarizes the key financial metrics for the year ended March 31, 2026:

Dividend Recommendation

The board of directors has recommended a final dividend of ₹0.60 per equity share for the financial year 2025-26. This dividend is applicable to equity shares with a face value of ₹10 each and is subject to the approval of shareholders at the ensuing Annual General Meeting. The total dividend for the year, including an interim dividend of ₹1.20 per share already paid, amounts to ₹1.80 per share.

Corporate Governance Updates

During the board meeting, the company also approved the appointment of M/s Grover Lalla & Mehta, Chartered Accountants, as the Internal Auditor for FY 2026-27. Additionally, the board reconstituted several committees, including the Stakeholders Relationship Committee, Risk Management Committee, Audit Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee. The disclosures have been submitted to the stock exchanges for dissemination.