South West Pinnacle Exploration Limited , a leading private exploration and drilling service provider, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Strong Financial Performance

The company's Q2 FY26 performance showcased remarkable year-on-year growth:

For the first half of FY26, South West Pinnacle reported:

Order Book and New Contracts

The company has secured an order book of Rs 412.00 crores, providing strong visibility for upcoming quarters. Notable new orders include:

• A Rs 15.00 crore contract from JSW Energy for coal exploration
• Commencement of the second phase of CBM production under a revised Rs 153.00 crore contract with Reliance Industries

Operational Highlights

South West Pinnacle has expanded its operational footprint:

• Formation of a new joint venture, Al Hadeetha Mining LLC, in Oman
• Awarded a coal block in Jharkhand covering 266 hectares with estimated geological reserves of 84 million tonnes

Future Outlook

Management has provided a growth guidance of 15-20% year-on-year for the next three to five years. The company plans to add five more rigs to its existing fleet of over 40 rigs to support expansion and cater to the growing order book.

Jharkhand Coal Block Development

The company expects the Jharkhand coal block to generate annual revenue of Rs 300.00-400.00 crores at peak production, with operations projected to commence in FY28. The project will require a total investment of over Rs 400.00 crores, to be implemented in two phases.

Management Commentary

Vikas Jain, Managing Director and Chairman, stated, "Q2 FY26 was our best ever quarter. The strong financial results reflect our team's consistent execution, operational discipline, and focus on efficiency. Our diversified business mix has enabled us to optimize resources, drive profitability, and maintain resilience across market cycles."

Piyush Jain, Joint Managing Director, added, "We remain focused on expanding our capabilities, maintaining execution excellence, and creating sustainable value for all our stakeholders. The second half of FY26 is expected to be even stronger, in line with historical trends due to favorable weather and peak project activities."

South West Pinnacle Exploration's robust performance and strategic initiatives position it well to capitalize on the growing demand for exploration and drilling services across various sectors, including oil and gas, coal, and minerals.

South West Pinnacle Exploration Limited (SWPEL), a leading integrated service provider for drilling and exploration of natural resources, has reported robust financial results for the second quarter and first half of fiscal year 2026, showcasing significant growth and an expanding order book. The company aims to leverage its strong position to double its revenues in the near future.

Financial Highlights

For Q2 FY26, SWPEL reported:

The company's performance for H1 FY26 was equally impressive:

Order Book and Business Updates

SWPEL's order book has reached an all-time high of ₹4,122.00 million, providing a clear growth trajectory for the short to medium term. The company plans to leverage this robust order book to double its revenues. Key business updates include:

1. Formation of a new joint venture in Oman, Al Hdeetha Mining LLC, which has been awarded a mining block for exploration and exploitation.
2. Commencement of the second phase of Coal Bed Methane (CBM) Production for Reliance Industries Ltd, with a contract value of ₹153.00 crore.
3. Securing a coal exploration contract worth ₹15.30 crore from JSW Energy (Utkal) Limited.
4. Bagging new orders worth over ₹85.00 crore during Q2 FY26.
5. Expansion into new 3D seismic and coalbed methane projects.
6. Diversification into aquifer mapping to help maintain its 19% EBITDA margin.

Management Commentary

Vikas Jain, Chairman & Managing Director of SWPEL, commented on the results: "Our second quarter and H-1 results are at their best, achieving highest revenue and profits despite heavy monsoons. We have sustained through market headwinds, reflecting the Company's resilience."

He added, "Our diversified capacities enable us to utilize our assets across multiple verticals and services, resulting in such performance. Over the last few months, we have won several new orders and now our order book is at an all-time high, and we have added two new clients."

Future Outlook

The company expects its performance to improve further in Q3 and Q4, which are typically the best-performing quarters for its business. With a strong order book and ongoing participation in new tenders, SWPEL is well-positioned for continued growth.

The management remains confident in the company's ability to execute projects efficiently and maintain its growth trajectory, supported by its diversified service offerings and strategic international ventures. The company's plans for international expansion, particularly through its joint ventures in Oman, are expected to contribute significantly to its revenue growth targets.