Jindal Drilling And Industries Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Q1 FY26 saw EBITDA jump 23% to INR 107 Cr and PAT up 5% to INR 55 Cr, with EPS at INR 19. Revenue was similar. This was driven by a recent acquisition and full operations of Jindal Pioneer. Net cash remains strong at INR 112 Cr. Management expects FY26 revenue >INR 925 Cr and EBITDA INR 360-380 Cr, with similar profitability for FY27. Jindal Explorer is undergoing refurbishment, set for redeployment in Oct 2025. While ONGC tenders have been sluggish, the company anticipates higher demand and better rig rates, viewing the last low bid as a one-off. They aim to acquire more rigs as opportunities arise.