South West Pinnacle Exploration Ltd (SWPEL) has reported a remarkable financial performance for the second quarter of fiscal year 2026, with net profit surging 25-fold to ₹76.00 crore from ₹3.00 crore in the same period last year. The company's robust growth is underpinned by significant improvements across key financial metrics.

Revenue Growth and Operational Performance

SWPEL's revenue for Q2 FY26 increased to ₹624.00 crore, up from ₹473.00 crore in the corresponding quarter of the previous year, marking a 31.9% year-over-year growth. This substantial revenue increase reflects the company's strong market position and operational efficiency in the drilling and exploration sector.

Profitability Metrics

The company's profitability saw a dramatic improvement, as evidenced by the following key metrics:

The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged to ₹145.00 crore, representing a substantial 320.3% increase from the previous year's ₹34.50 crore. This growth in EBITDA outpaced the revenue growth, indicating improved operational efficiency and cost management.

The EBITDA margin expanded significantly to 23.26% from 12.63% in the corresponding quarter of the previous year, showing a remarkable improvement of 1063 basis points. This expansion in margin suggests that SWPEL has successfully optimized its operations and potentially benefited from economies of scale.

Investor Engagement

SWPEL has scheduled a virtual group meeting with investors and analysts on Thursday, October 30, 2025, at 4:00 PM IST. The meeting will be hosted by Valorem Advisors and will feature Mr. Vikas Jain, Managing Director & Chairman, and Mr. Piyush Jain, Joint Managing Director. This engagement demonstrates the company's commitment to transparency and open communication with its stakeholders.

Conclusion

South West Pinnacle Exploration Ltd's Q2 FY26 results showcase a period of exceptional growth and profitability. The company's ability to significantly increase its revenue while simultaneously expanding its profit margins indicates strong operational execution and potentially favorable market conditions. As SWPEL continues to build on this momentum, investors and industry observers will be keenly watching its future performance and strategic initiatives in the drilling and exploration sector.

South West Pinnacle Exploration Limited (SWPE) has recently announced the acquisition of two significant coal exploration contracts, totaling approximately ₹16.93 crore. This development marks a notable expansion in the company's project portfolio and potential revenue streams.

Contract Details

Key Highlights

• Major Contract: The larger contract, valued at ₹15.26 crore, was awarded by JSW Energy (Utkal) Limited for coal exploration services in Odisha.
• Revenue Projection: SWPE expects to realize the entire revenue from the JSW Energy contract during the fiscal year 2026, potentially boosting the company's top line.
• Public Sector Engagement: The second contract, worth ₹1.67 crore, comes from CMPDI, a Mini Ratna Public Sector Undertaking and a subsidiary of Coal India Ltd.
• Performance Security: The CMPDI contract requires a 5% performance security of the contract value, to be furnished within 21 days.

Impact and Outlook

These contracts signify SWPE's growing presence in the coal exploration sector, particularly in Eastern and Central India. The short duration of the JSW Energy project, coupled with its higher value, could lead to a significant boost in the company's near-term financial performance.

The diverse nature of these contracts - one with a private entity and another with a public sector undertaking - demonstrates SWPE's ability to secure business across different segments of the coal industry. This diversification could potentially provide more stability to the company's order book.

Conclusion

The acquisition of these contracts worth ₹16.93 crore represents a positive development for South West Pinnacle Exploration Limited. As the company embarks on these projects, stakeholders will likely be keen to observe the impact on SWPE's financial performance and market position in the coming quarters.