United Drilling FY26 Net Profit Rises 26%, Recommends Dividend

1 min read     Updated on 22 May 2026, 02:21 PM
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United Drilling Tools Ltd reported a 26% rise in standalone net profit to ₹1,875.91 lakh for FY26, with revenue growing to ₹18,195.73 lakh. Consolidated net profit increased to ₹1,897.01 lakh. The board recommended a final dividend of ₹0.60 per share, taking the total dividend for the year to ₹1.80 per share.

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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:

Parameter FY26 (₹ in Lacs) FY25 (₹ in Lacs)
Revenue from Operations (Standalone) 18,195.73 17,215.66
Total Income (Standalone) 18,651.73 17,508.52
Net Profit (Standalone) 1,875.91 1,491.92
Net Profit (Consolidated) 1,897.01 1,502.52
Earnings Per Share - Basic (Standalone) 9.30 7.33

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.

Historical Stock Returns for United Drilling Tools

1 Day5 Days1 Month6 Months1 Year5 Years
-0.59%+7.39%+8.22%+16.83%+20.96%-19.92%

How might United Drilling Tools Ltd's revenue growth trajectory be impacted by the anticipated capital expenditure cycle in India's oil and gas sector over the next 2-3 years?

Given the company's improving profit margins, is United Drilling Tools Ltd likely to pursue capacity expansion or acquisitions to accelerate growth beyond organic means?

How does the relatively modest dividend payout of ₹1.80 per share compare to industry peers, and could the company increase shareholder returns as cash flows strengthen?

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UDT Appoints Grover Lalla & Mehta as Internal Auditor

1 min read     Updated on 22 May 2026, 02:37 AM
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United Drilling Tools Limited has appointed M/s Grover Lalla & Mehta, Chartered Accountants, as its Internal Auditor for the financial year 2026-27, effective from May 21, 2026. The firm, represented by Mr. Pankaj Bansal, brings over 29 years of experience in corporate laws and audits. The company confirmed there are no relationships between the auditor and its Directors or Key Managerial Personnel.

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United Drilling Tools Limited has appointed M/s Grover Lalla & Mehta, Chartered Accountants, as its Internal Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors during its meeting held on Thursday, May 21, 2026. The decision was taken pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The firm has been engaged to conduct the internal audit of the company effective from May 21, 2026. The appointment is part of the company's corporate governance compliance measures for the upcoming fiscal year.

Particulars Details
Appointed Firm M/s Grover Lalla & Mehta, Chartered Accountants
Effective From May 21, 2026
Tenure FY 2026-27

Firm Profile

M/s Grover Lalla & Mehta brings significant experience to the role. The firm is represented by Mr. Pankaj Bansal (Membership No. FCA – 502661) and possesses over 29 years of experience in corporate laws, secretarial audits, internal audits, due diligence, and consultancy services on corporate legal matters. The company confirmed that there is no relationship between the auditor and any Director, Key Managerial Personnel (KMP), or Senior Management of the company.

Historical Stock Returns for United Drilling Tools

1 Day5 Days1 Month6 Months1 Year5 Years
-0.59%+7.39%+8.22%+16.83%+20.96%-19.92%

How might the appointment of M/s Grover Lalla & Mehta as Internal Auditor influence United Drilling Tools' corporate governance ratings and investor confidence in FY 2026-27?

Could the internal audit findings for FY 2026-27 potentially uncover operational inefficiencies or financial risks that may impact United Drilling Tools' stock performance?

Will United Drilling Tools consider expanding the scope of internal audit beyond compliance to include ESG and risk management frameworks in future fiscal years?

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1 Year Returns:+20.96%