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The company reported its Q2 FY26 operating revenue soared 128% YoY to ₹62 Cr, with EBITDA at ₹15 Cr (up 326% YoY, 23.24% margin) and PAT at ₹8.4 Cr (20-fold increase from ₹0.4 Cr). H1 FY26 revenue was ₹103 Cr (up 81% YoY), EBITDA ₹20 Cr (up 148% YoY, 19.77% margin), and PAT ₹11 Cr (4.7x increase). Management highlighted Q2 as their "best ever quarter."
New orders worth ₹85 Cr were secured in Q2, including a ₹15 Cr contract from JSW Energy, pushing the total order book to a record ₹412 Cr. The second phase of a ₹153 Cr CBM contract with Reliance Industries has begun, generating ₹24-25 Cr this quarter, positioning it as a key growth driver.
Strategically, the company plans entry into commercial mining with the Jharkhand coal block, targeting ₹300-400 Cr annual revenue at peak (post-FY28) with 42-43% EBITDA margins. International footprint expands through new Oman JVs for copper and gold exploration. The outlook points to 15-20% CAGR in exploration services over 3-5 years, with H2 traditionally outperforming H1. The sentiment is confident, driven by diversified operations and strong market tailwinds from government policies.
All announcements from South West Pinnacle Exploration Limited