Board Meeting Details

The Board of Directors meeting was held on 13 November 2026, commencing at 3:45 p.m. and concluding at 4:20 p.m. The meeting approved the un-audited Standalone and Consolidated financial results for the quarter and half year ended 30 September 2026.

Financial Results Overview

Standalone Performance (Rs. in Lakhs)

Quarter Ended 30-09-2026:

  • Net income from operations: ₹28,595
  • Other income: ₹779
  • Total income: ₹29,374
  • Total expenses: ₹19,573
  • Profit before tax: ₹9,801
  • Tax expense: ₹2,263 (Current tax: ₹1,948, Deferred tax: ₹315)
  • Profit for the period: ₹7,538
  • Earnings per share (Face value ₹5): Not specified in numerical value

Half Year Ended 30-09-2026:

  • Net income from operations: ₹56,133
  • Other income: ₹1,500
  • Total income: ₹57,633
  • Total expenses: ₹40,763
  • Profit before tax: ₹16,870
  • Tax expense: ₹4,091 (Current tax: ₹3,505, Deferred tax: ₹586)
  • Profit for the period: ₹12,779

Consolidated Performance (Rs. in Lakhs)

Quarter Ended 30-09-2026:

  • Net income from operations: ₹28,595
  • Other income: ₹779
  • Total income: ₹29,374
  • Share of equity accounted in JV companies: (₹953) loss
  • Profit before tax: ₹8,848
  • Tax expense: ₹2,263 (Current tax: ₹1,948, Deferred tax: ₹315)
  • Profit for the period: ₹6,585

Half Year Ended 30-09-2026:

  • Net income from operations: ₹56,133
  • Other income: ₹1,500
  • Total income: ₹57,633
  • Share of equity accounted in JV companies: (₹1,480) loss
  • Profit before tax: ₹15,390
  • Tax expense: ₹4,091 (Current tax: ₹3,505, Deferred tax: ₹586)
  • Profit for the period: ₹11,299

Comparative Performance

Standalone Q2 FY27 vs Q2 FY26:

  • Revenue increased 20% from ₹23,803 lakh to ₹28,595 lakh
  • Profit declined 38% from ₹12,074 lakh to ₹7,538 lakh
  • Other income decreased significantly from ₹10,902 lakh to ₹779 lakh

Consolidated Q2 FY27 vs Q2 FY26:

  • Revenue increased 20% from ₹23,803 lakh to ₹28,595 lakh
  • Profit declined 50% from ₹13,252 lakh to ₹6,585 lakh
  • Joint ventures contributed ₹9.53 crore loss vs ₹1.18 crore profit in Q2 FY26

Key Financial Metrics

Foreign Exchange Impact:

  • Q2 FY27: Net foreign exchange loss of ₹31.32 lakh
  • Q2 FY26: Net foreign exchange loss of ₹1,125.42 lakh
  • H1 FY27: Net foreign exchange loss of ₹393.30 lakh
  • H1 FY26: Net foreign exchange loss of ₹1,229.35 lakh

Segment Information:

The Company's main business is "Drilling and Related Services" with no separate reportable segments as per Ind AS-108.

Assets and Liabilities Position (Standalone as of 30-09-2026)

Total Assets: ₹22,319.8 lakh

  • Non-Current Assets: ₹13,643.9 lakh (Property, Plant and Equipment: ₹11,422.8 lakh)
  • Current Assets: ₹8,675.9 lakh (Trade Receivables: ₹2,617.3 lakh, Inventories: ₹653.3 lakh)

Equity and Liabilities:

  • Equity: ₹15,949.1 lakh (Equity Share Capital: ₹144.9 lakh, Other Equity: ₹15,804.2 lakh)
  • Non-Current Liabilities: ₹1,921.1 lakh
  • Current Liabilities: ₹4,449.6 lakh

Cash Flow Statement (Standalone H1 FY27)

  • Cash from operating activities: ₹21,423 lakh
  • Cash used in investing activities: ₹(4,288) lakh
  • Cash used in financing activities: ₹(4,822) lakh
  • Net increase in cash: ₹618 lakh
  • Cash and equivalents at period end: ₹922.2 lakh

Auditor Review

The financial results were reviewed by M/s Kanodia Sanyal & Associates, Statutory Auditors of the Company, who issued limited review reports confirming compliance with Ind AS 34 and SEBI regulations.

Joint Ventures Included in Consolidation

  • Discovery Drilling Pte. Ltd
  • Virtue Drilling Pte. Ltd