Key Financial Performance - Q1 FY27
- Revenue from operations: ₹275 crore
- Other income: ₹7 crore
- Total revenue: ₹283 crore
- Operational expenses: ₹136 crore
- Employee benefit expenses: ₹25 crore
- Finance cost: ₹1 crore
- Depreciation & amortization: ₹39 crore
- Other expenses: ₹10 crore
- Total expenses: ₹212 crore
- Profit before exceptional items & tax: ₹71 crore
- Exceptional items: None (₹0)
- Profit before tax: ₹71 crore
- Tax: ₹18 crore
- Profit after tax (PAT): ₹52 crore
Quarterly Comparison Highlights
- Q1 FY27 PAT of ₹52 crore compares to Q4 FY26 PAT of ₹32 crore and Q1 FY26 PAT of ₹56 crore.
- Q1 FY27 EBITDA stood at ₹104 crore with an EBITDA margin of 38%.
- EPS for Q1 FY27 was ₹18.
Annual Financial Performance (Reference)
- FY26 Revenue from operations: ₹997 crore
- FY26 Total revenue: ₹1,042 crore
- FY26 Profit after tax: ₹173 crore
- FY25 Revenue from operations: ₹828 crore
- FY25 Total revenue: ₹884 crore
- FY25 Profit after tax: ₹141 crore
Operational Highlights and Order Book
- The company is a leading offshore drilling services contractor in India's oil & gas sector with over 35 years of experience.
- Currently operates 5 offshore jack-up rigs with ONGC in India (3 owned, 3 rented).
- One offshore jack-up rig (Jindal Pioneer) is under refurbishment in UAE and will be deployed in Q3 FY27.
- The company also provides mud logging & directional drilling services to the oil & gas sector.
- Total order book as of 30/06/2026: Approximately ₹1,310 crore (USD 136 million).
Order Book Breakdown by Rig (₹ crore)
- Discovery-I: ₹46 crore (contract through October 2026)
- Jindal Supreme: ₹384 crore (contract through October 2027)
- Jindal Pioneer: ₹477 crore (contract through October 2029)
- Virtue-I: ₹91 crore (contract through October 2026)
- Jindal Star: ₹36 crore (contract through September 2026)
- Jindal Explorer: ₹276 crore (contract through November 2028)
Order Book Timeline (₹ crore)
- 9M FY27: ₹563 crore
- FY28: ₹440 crore
- FY29: ₹227 crore
- FY30: ₹80 crore
Financial Position and Liquidity
- Gross debt: ₹200 crore
- Working capital borrowing: ₹17 crore
- Net of loans receivable from JV: ₹0
- Liquid investments: ₹248 crore
- Cash: ₹4 crore
- Total liquidity available: ₹252 crore
- Net cash position: ₹183 crore (negative net debt)
Shareholding Structure
As of 30 June 2026 (presented in chart format, specific percentages not quantified in text).
Risk Factors Disclosure
The document contains forward-looking statements based on management's current views and assumptions, subject to risks including:
- Uncertainties in future oil and gas prices
- Impact on investment programs by oil and gas companies
- Economic & political conditions
The company disclaims any duty to update the information presented.
Legal Proceedings Note
The presentation notes that an impact of a favourable order of Bombay High Court which was considered in Q2FY26 was subsequently appealed by ONGC in Supreme Court leading to reversal in Q3FY26. No specific financial impact is quantified in the current disclosure.
Investor Contact
Kaushal Bengani, Deputy General Manager - Investor Relations & Finance
Tel: +91-124-4624177