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 showcases significant growth and positive projections for the future.

Q1 Financial Highlights

• EBITDA increased by 23% to ₹107.00 crores from ₹87.00 crores in the previous quarter
• Revenue remained stable at ₹254.00 crores
• Profit After Tax (PAT) grew by 5% to ₹55.00 crores
• Earnings Per Share (EPS) improved from ₹18.00 to ₹19.00 per share

Operational Update

Jindal Drilling currently operates a fleet of six rigs:

• Four rigs are working with Oil and Natural Gas Corporation (ONGC)
• One rig, Jindal Explorer, is undergoing refurbishment for redeployment in October 2025
• One rig is engaged in overseas operations

The company recently acquired Jindal Pioneer for $75.00 million, enhancing its fleet capacity and revenue potential.

Financial Projections

Management has provided optimistic projections for the coming years:

These projections are based on conservative estimates, assuming lower rates for newly acquired rigs.

Market Outlook

• International rig rates are currently between $80,000-90,000 per day
• The company expects improved rates in upcoming ONGC tenders
• ONGC is collaborating with BP until year-end and is expected to announce new drilling plans for 2026

Financial Position

Despite the recent acquisition of Jindal Pioneer, the company maintains a strong financial position with a net cash balance of ₹112.00 crores.

Management Commentary

During the earnings conference call, Mr. Raghav Jindal, Managing Director, expressed optimism about future ONGC tenders and potential international opportunities. The management team emphasized their conservative approach to financial projections and their readiness to capitalize on market opportunities.

Jindal Drilling & Industries Limited continues to demonstrate its strength in the offshore drilling sector, with a focus on operational efficiency and strategic growth. The company's robust financial performance and positive outlook position it well for continued success in the evolving oil and gas market.

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.