Financial Performance Summary (Consolidated Basis)

| Particulars (Rs. Million) | Q1 FY27 | Q1 FY26 | Growth YoY | FY26 | FY25 |

| Income from Operations | 617 | 402 | 53% | 2430 | 1803 |

| EBITDA | 149 | 58 | 157% | 583 | 336 |

| EBITDA Margin % | 24% | 14% | +10pp | 24% | 19% |

| Profit After Tax | 93 | 24 | 287% | 330 | 164 |

| PAT Margin % | 15% | 6% | +9pp | 14% | 9% |

Operational and Business Highlights

  • Order book stands at an all-time high of Rs. 761 crores, providing clear short to medium term visibility.
  • Company commenced operations to execute its single largest order valued at Rs. 307 crores in the State of Rajasthan.
  • Received contract extension for CBM (Coal Bed Methane) services from Reliance Industries Ltd (RIL) valued at over Rs. 166 crores.
  • Empanelement by Oil India Limited for providing 2D/3D Seismic Data Acquisition Services across OIL's onshore operations.
  • 20 operations across 8 states running smoothly with Zero (0) Loss Time Injuries (LTIs).

Project Updates

  • Jharkhand Coal Block: Exploration activities have been completed at the 266-hectare block with Geological Reserves of over 84 million tons. Definitive Geological Report (GR) preparation is underway, after which mine development activities will be undertaken on fast track mode.
  • Oman JV: The second joint venture in Oman completed an airborne survey (a latest technique for faster exploration in large mining blocks) in its allocated mining block. GR preparation is also underway.

Corporate Developments

  • Received and converted the balance 75% amount of warrants issued on a preferential basis into equity shares.
  • Company is participating in the ongoing Rights issue of Alara Resources Ltd, Australia to reinforce its strategic investment.
  • Company has ordered new rigs and other equipment to cope with enhanced business requirements.

Management Commentary

Mr. Vikas Jain, Chairman & Managing Director, commented on the strong performance despite a dynamic and challenging business environment with substantial increases in input costs. He highlighted the company's expanded footprint, strengthened client relationships, and enhanced capabilities across multiple domains of mineral exploration and drilling.

Mr. Jain expressed confidence in the sector's growth prospects due to increasing government focus on mineral exploration, policy reforms, and the push for self-reliance in critical minerals. He stated that India has huge untapped natural resources and government focus on exploration is key to unlocking this potential, reducing import dependence, and saving foreign exchange.

Business Overview

South West Pinnacle Exploration Limited (SWPEL) is an Integrated Service Provider providing end-to-end drilling & exploration services for natural resources including Coal, Ferrous, Non-Ferrous & Atomic Minerals, Conventional & non-conventional Oil & Gas, and groundwater investigation. The company's technological capabilities include surface geographical investigation, downhole geophysics, 2D/3D Seismic, and Passive Seismic Tomography.

The company has been notified as an accredited prospecting agency by the Ministry of Coal, Government of India for carrying out prospecting operations for coal and Lignite exploration. SWPEL has two joint ventures in Oman: the first provides mining services under a long-term contract for Copper and Gold, and the second has been allocated a mining block where exploration activities are in progress.

Since inception 19 years ago, the company has completed over 165 projects for leading Government & Private organizations, including approximately 3.2 million meters of drilling, 6.5 Lac meters of Geophysical logging, 515 sq.km. of 3D Seismic surveys, and 411 LKM of 2D seismic Survey using 43 state-of-the-art drilling rigs capable of drilling up to 2500 meters depth.