Board Meeting Details
The Board of Directors meeting was held on August 7, 2026, commencing at 04:35 PM and concluding at 05:10 PM. The Board considered and approved the un-audited Standalone and Consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27).
Financial Results Approval
The Board approved both standalone and consolidated financial results for Q1 FY27. The results were reviewed by the Audit Committee and include Limited Review Reports from the statutory auditors, M/s Kanodia Sanyal & Associates.
Standalone Financial Performance (Q1 FY27)
- Total Income: ₹282.60 crore (₹271.67 crore in Q1 FY26)
- Net income from operations: ₹275.39 crore
- Other income: ₹7.21 crore
- Total Expenses: ₹211.90 crore (₹224.01 crore in Q1 FY26)
- Operational Expenses: ₹136.24 crore
- Employee benefits expenses: ₹25.39 crore
- Finance Cost: ₹1.43 crore
- Depreciation and amortisation: ₹38.73 crore
- Other expenses: ₹40.11 crore (includes net foreign exchange loss of ₹361.98 lakhs)
- Profit before tax: ₹70.70 crore
- Tax expense: ₹15.57 crore (Current year tax: ₹12.86 crore, Deferred Tax: ₹2.71 crore)
- Profit for the period: ₹52.42 crore
- Earnings per share (Basic & Diluted): ₹18.09 (Face value of ₹5 each)
- Paid-up equity share capital: ₹144.90 crore
Annual General Meeting
The Board approved convening the 42nd Annual General Meeting on Tuesday, September 15, 2026.
Auditor's Review
M/s Kanodia Sanyal & Associates issued an unmodified review report on both standalone and consolidated financial results, confirming that nothing came to their attention causing belief that the statements contain material misstatements. The review was conducted in accordance with SRE 2410 issued by ICAI.
Consolidated Financial Results
The consolidated results include Jindal Drilling and its joint ventures:
- Discovery Drilling Pte. Ltd
- Virtue Drilling Pte. Ltd
The joint ventures are located outside India, and their financial results were converted to Indian accounting principles by management and reviewed by auditors.
Notes to Financial Results
1. The company's main business is "Drilling and Related Services" with no separate reportable segments as per Ind AS-108.
2. Other expenses include a net foreign exchange loss of ₹361.98 lakhs in Q1 FY27 (loss of ₹103.93 lakhs in Q1 FY26).
3. Figures of previous periods have been regrouped/recast/reclassified where necessary.
4. The results are prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.