Jindal Drilling Reports Robust Q2 Performance with Net Profit Soaring to 1.27 Billion Rupees

Jindal Drilling & Industries Limited has reported a stellar performance for the second quarter, with significant growth in revenue and profitability. The company's financial results, approved by its Board of Directors on November 4, showcase a remarkable turnaround compared to the same period last year.

Financial Highlights

Particulars (in Rupees)	Q2 FY26	Q2 FY25	YoY Change
Net Income from Operations	2.38 billion	1.72 billion	+38.37%
Net Profit	1.27 billion	158.40 million	+702.40%
EBITDA	925.70 million	312.40 million	+196.32%
EBITDA Margin	38.89%	18.11%	+20.78 percentage points

Jindal Drilling has demonstrated robust growth across key financial metrics. The company's net income from operations increased to 2.38 billion rupees, marking a 38.37% rise from the previous year. More impressively, the net profit surged to 1.27 billion rupees, representing a 702.40% increase year-over-year.

Operational Performance

The company's operational efficiency is evident in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) performance. EBITDA rose to 925.70 million rupees, up by 196.32% compared to the same quarter last year. This substantial increase in EBITDA indicates strong operational management and cost control measures implemented by the company.

Margin Expansion

Jindal Drilling's EBITDA margin expanded significantly, reaching 38.89% in Q2 FY26, up from 18.11% in the corresponding quarter of the previous year. This 20.78 percentage point improvement in margin reflects the company's ability to enhance profitability while growing its revenue base.

Other Notable Developments

The company's other income saw a substantial increase, which includes a significant one-time gain. As per the notes to the financial results, Jindal Drilling received 1004.30 million rupees related to an old ONGC receivable litigation that was concluded in Q2 FY26. This amount, stemming from an arbitration award and a subsequent favorable order from the Bombay High Court, comprises 664.80 million rupees towards the outstanding amount and 1004.30 million rupees towards interest and foreign exchange fluctuation.

Market Position

Jindal Drilling & Industries Limited continues to focus on its core business of "Drilling and Related Services." The company's strong performance in this segment underscores its solid position in the market and its ability to capitalize on opportunities in the drilling industry.

Conclusion

The impressive Q2 results demonstrate Jindal Drilling's resilience and growth potential. With a significant boost in profitability and operational efficiency, the company appears well-positioned to capitalize on future opportunities in the drilling sector. Investors and market watchers will likely keep a close eye on Jindal Drilling's performance in the coming quarters to see if this strong momentum can be sustained.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.20%	-4.01%	-5.55%	-11.64%	-27.36%	+678.37%

Jindal Drilling & Industries Limited (JDIL) has announced strong financial results, with standalone net profit reaching a record ₹140.84 crore, up from ₹114.09 crore in the previous year. The company's consolidated net profit stood at ₹215.90 crore, compared to ₹51.14 crore previously.

Financial Highlights

Revenue increased to ₹827.95 crore from ₹617.01 crore
EBITDA reached an all-time high of ₹293.80 crore
Operational efficiency remained high at 98.8%
Zero Lost Time Incidents reported across all rigs

Acquisition of New Jack-up Rig

JDIL acquired the jack-up rig 'Jindal Pioneer' for USD 75.00 million, expanding its fleet and operational capabilities. The company operated multiple drilling rigs and equipment sets throughout the year.

Dividend Announcement

The Board of Directors has recommended a dividend of ₹1.00 per equity share, subject to shareholder approval at the upcoming Annual General Meeting scheduled for August 28.

Operational Performance

JDIL maintained high operational efficiency across its fleet, with an impressive 98.8% uptime. The company operated:

4 jack-up rigs for the full year
1 rig for 6 months
1 rig for 1 month
An average of 8 directional drilling sets
6 mud logging sets

Industry Challenges

Despite the strong performance, JDIL faced headwinds from falling charter hire rates and rising operational costs. However, the company demonstrated resilience through its strong financial position and operational excellence.

Future Outlook

While acknowledging current market challenges, JDIL remains optimistic about the medium to long-term prospects in the Indian drilling market. The company is well-positioned to capitalize on future opportunities, backed by its modern fleet, high operational standards, and strong financial foundation.

Raghav Jindal, Managing Director of JDIL, commented on the results: "Our performance this year reflects the resilience and adaptability of our business model. We have successfully navigated a complex market environment while continuing to deliver value for our stakeholders. The acquisition of 'Jindal Pioneer' strengthens our fleet and positions us well for future growth opportunities."

The 41st Annual General Meeting of Jindal Drilling & Industries Limited is scheduled to be held on August 28, through video conferencing.