United Drilling Tools Limited has secured a significant export order worth ₹3.27 crores from Weafri Well Services Company, Nigeria. The company announced this development through a regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details and Specifications

The export order encompasses the supply of Wireline Winch equipment, including Power Pack components, in the ordinary course of business. The contract represents a substantial addition to the company's order book and reinforces its presence in international markets.

Contract Terms and Timeline

The order involves the supply of specialized oil drilling equipment to the Nigerian entity within a 3-month execution period. This timeline indicates the company's capability to deliver complex drilling equipment within compressed schedules, demonstrating operational efficiency in its manufacturing processes.

Corporate Governance Compliance

United Drilling Tools Limited has confirmed full compliance with regulatory requirements regarding the order. The company has disclosed that neither promoters nor promoter group companies have any interest in Weafri Well Services Company, the entity awarding the contract.

Business Impact

This export order reinforces United Drilling Tools Limited's position in the international oil drilling equipment market, particularly in the African region. The contract value of ₹3.27 crores represents a meaningful addition to the company's revenue pipeline and demonstrates continued demand for its specialized drilling equipment in global markets.

The successful securing of this international order reflects the company's manufacturing capabilities and its ability to meet the technical specifications required by international clients in the oil and gas sector.

United Drilling Tools Ltd (UDTL), a leading manufacturer of oil drilling equipment, has announced impressive financial results for the second quarter of fiscal year 2026, showcasing significant growth across key metrics.

Strong Revenue Growth

UDTL reported a substantial increase in its revenue from operations for Q2 FY26. The company's revenue surged by 75.6% quarter-on-quarter, rising from Rs. 3,166.74 lakhs in Q1 to Rs. 5,560.18 lakhs in Q2. This remarkable growth was attributed to strong execution of orders and increased production activity.

Profitability Boost

The company's profitability saw a significant improvement in Q2 FY26:

The substantial increase in profitability was credited to operational efficiencies, improved capacity utilization, and disciplined cost management.

Year-on-Year Performance

Compared to the same quarter in the previous fiscal year, UDTL demonstrated steady growth:

• Revenue: Increased by 7.2% YoY (from Rs. 5,188.35 lakhs in Q2 FY25)
• PAT: Grew by 39.7% YoY (from Rs. 409.73 lakhs in Q2 FY25)

Enhanced Shareholder Returns

The company's strong performance translated into improved returns for shareholders, with Earnings Per Share (EPS) rising to Rs. 2.81 in Q2 FY26, up from Rs. 1.43 in Q1 FY26 and Rs. 2.02 in Q2 FY25.

Management Commentary

Mr. Manoj Kumar Arora, Chief Financial Officer of UDTL, commented on the results, highlighting the company's financial flexibility and improved profitability. He emphasized the disciplined approach to cost management, resource allocation, and working-capital efficiency.

Future Outlook

UDTL has secured significant orders from key overseas markets, including Brazil and Venezuela, which is expected to boost the company's performance in upcoming quarters. The management remains focused on expanding margins, strengthening global market presence, and building on the positive momentum in exports.

About United Drilling Tools Ltd

Based in Noida, Uttar Pradesh, UDTL has been a prominent player in the oil drilling equipment manufacturing sector since 1985. The company specializes in producing large OD casing pipes with connectors, wireline & well service equipment, gas lift equipment, and downhole tools. UDTL holds 33 registered trademarks and 14 design patents, showcasing its commitment to innovation and quality in the industry.

As UDTL continues to demonstrate strong fundamentals and a forward-looking strategy, the company appears well-positioned to maintain its growth momentum and deliver consistent value to shareholders in the coming years.