Jindal Drilling And Industries earnings calls.
Other · 2 quarters tracked · source-linked performance, management guidance and promise context.
Latest revenue
₹275 Cr
verified financial record
Quarters tracked
2
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Call date
Pending
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2 actual quartersCurrent read
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What changed this quarter?
Jindal Drilling's Q3 FY26 operational performance was broadly in line with expectations, but reported PAT was significantly impacted by a reversal of other income related to an ONGC litigation. The company had previously booked a ~₹100 crore gain (on a ₹66 crore receivable) after a favorable Bombay High Court ruling, but the Supreme Court appeal has made the matter sub-judice, forcing a reversal. Management stressed no change in underlying operations. EBITDA guidance for FY26 is ~₹350 crore, with similar levels expected next year. Three rigs are due for de-hiring in FY27, requiring refurbishment capex of ₹50-100 crore per rig. The company is conserving cash for these expenses and vendor dues (~$35 million for Jindal Pioneer). ONGC is expected to issue tenders for four rigs soon, and management sees potential for gradual rate increases given reduced international competition. Key risks include litigation uncertainty and potential rate compression during re-hiring.
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Revenue
₹275 Cr
Source date
Pending
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