Jindal Drilling And Industries · tone and specificity signals across the available quarters.
Language signals
H2 revenue will be severely impacted because three out of six rigs would be out of revenue in H2... However, I do not believe that EBITDA will decline in proportion to the decline in revenue... you might even see an increase in the EBITDA margin
We participated with a rate of $62,000 and we were pushed down to $47,600 approximately... it is the willingness of our customers to pay the correct rate for the kind of service that they are getting compared to the international day rates which are prevalent as of now
We are not looking at any acquisitions... we want to minimize risk... because these three rigs are getting dehired, they will go into refurbishment. For refurbishment, we need to conserve cash because it's the nature of this industry that refurbishment exercise has to be undertaken after every contract
The key variation which has happened in the second and third quarters is on account of other income. ... the favorable award of the Bombay High Court was appealed in the Supreme Court and the matter has again become subjudice.
We do not think in terms of oil cycles because then it leads to speculative ideas which we do not want to engage in.
We are cash rich. But you should also bear in mind that in calendar year 2026 three of the rigs are getting dehired. Therefore they will go into refurbishment. So we are conserving cash for the refurbishment exercise.