Jindal Drilling & Industries , a prominent player in the drilling services sector, has unveiled ambitious financial projections for the upcoming fiscal years, signaling confidence in its operational outlook and market positioning.

FY26 Outlook: Exceeding Rs 925 Crore Revenue Mark

The management of Jindal Drilling & Industries has set forth an optimistic forecast for the fiscal year 2026 (FY26). The company expects to surpass the Rs 925.00 crore revenue milestone, underlining its growth trajectory in the drilling industry. This projection reflects the company's anticipation of robust demand for its services and potentially expanded operations.

Strong EBITDA Projections

Alongside the impressive revenue forecast, Jindal Drilling & Industries has projected a healthy EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) range for FY26. The company expects EBITDA to fall between Rs 360.00-380.00 crores, indicating a strong profitability outlook and operational efficiency.

FY27 Projections: Sustained Performance

Looking further ahead to fiscal year 2027 (FY27), Jindal Drilling & Industries maintains a positive outlook, albeit with a slight moderation in revenue expectations. The company anticipates revenue of approximately Rs 900.00 crores for FY27, demonstrating continued strong performance. Notably, the EBITDA projection for FY27 remains consistent with FY26, expected to range between Rs 360.00-380.00 crores.

Key Assumption: Jindal Pioneer's Daily Rate

The company's financial projections are underpinned by a crucial assumption regarding its asset, Jindal Pioneer. The management bases its forecasts on the expectation that Jindal Pioneer will operate at a daily rate of USD 40,000.00. This assumption plays a pivotal role in the company's revenue and EBITDA projections for both FY26 and FY27.

Implications for Investors

These projections offer valuable insights for investors and market analysts tracking Jindal Drilling & Industries' performance. The sustained high EBITDA expectations, despite a slight dip in projected revenue for FY27, suggest that the company anticipates maintaining its operational efficiency and cost management strategies.

The consistent EBITDA projection across both fiscal years, coupled with the specific daily rate assumption for Jindal Pioneer, indicates the company's confidence in its asset utilization and market demand for its services.

As with all forward-looking statements, investors should note that these projections are based on current expectations and are subject to various market factors and operational conditions. The actual performance may vary based on industry dynamics, global economic factors, and the company's execution of its strategic plans.

Jindal Drilling & Industries' optimistic outlook for FY26 and FY27 reflects its position in the drilling services market and its strategy for capitalizing on industry opportunities in the coming years.

Jindal Drilling & Industries Limited , a leading offshore drilling services contractor in India's oil and gas sector, has reported robust financial results for the first quarter. The company's performance highlights its strong market position and growth trajectory in the offshore drilling industry.

Financial Highlights

For Q1, Jindal Drilling reported:

• Total income of ₹263.00 crore, up from ₹184.00 crore in the same quarter of the previous year, marking a significant year-over-year growth of 42.93%
• EBITDA of ₹107.00 crore, with an impressive EBITDA margin of 40.68%
• Net profit of ₹56.00 crore, more than doubling from ₹23.00 crore in the same quarter last year
• Earnings per share (EPS) of ₹19.48, compared to ₹7.92 in the corresponding quarter of the previous year

The company's financial performance demonstrates substantial improvement across all key metrics, indicating strong operational efficiency and market demand for its services.

Order Book and Business Outlook

Jindal Drilling has secured a robust order book worth approximately ₹1,538.00 crore. This order book provides visibility for future revenue and underscores the company's strong business relationships, particularly with Oil and Natural Gas Corporation (ONGC).

The company currently operates six offshore jack-up rigs, with three owned and three rented. Four of these rigs are engaged in operations with ONGC in India, while one is undergoing refurbishment for an upcoming ONGC contract, and another is deployed overseas.

Expansion and Strategic Initiatives

Jindal Drilling is actively pursuing growth opportunities, with plans to purchase new rigs and focus on offshore expansion. This strategy aims to capitalize on the increasing demand in the offshore drilling sector and maintain the company's competitive edge in the market.

The company's management has expressed its commitment to maintaining steady margins while exploring global opportunities, indicating a balanced approach to growth and profitability.

Corporate Governance and Leadership

In its recent board meeting, Jindal Drilling made several key decisions:

1. Approval of unaudited financial results for Q1
2. Recommendation to re-appoint Dr. Raj Kamal Aggarwal as an Independent Director for another five-year term
3. Re-appointment of M/s P L Gupta & Co. as Internal Auditors
4. Recommendation to appoint M/s Ajit Mishra & Associates as Secretarial Auditor for a five-year term

These decisions reflect the company's commitment to maintaining strong corporate governance practices and ensuring continuity in its leadership and compliance functions.

Conclusion

Jindal Drilling & Industries Limited's strong Q1 performance, coupled with its substantial order book and strategic expansion plans, positions the company favorably in the offshore drilling market. As the company continues to focus on operational excellence and market expansion, it appears well-equipped to capitalize on opportunities in the evolving oil and gas sector.