Jindal Drilling & Industries Ltd Q1 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Future growth expectations for Jindal Drilling & Industries Limited in sales/revenue/volumes are as follows: - FY '26 revenue expected to exceed INR 925 crores, up from INR 884 crores in FY '25. - EBITDA for FY '26 projected in the range of INR 360 to 380 crores. - FY '27 revenue anticipated around INR 900 crores, with EBITDA again in the INR 360-380 crores range. - Conservative projections made assuming Jindal Pioneer deployed at USD 40,000 per day; actual rates expected to be higher. - Growth driven by increasing rig counts as ONGC and India aim to boost domestic oil production. - Plans to invest in acquiring more rigs when tenders arise, both with ONGC and international operators. - Backup plans for rig deployment include discussions with various Indian and international companies. - Market expected to turn bullish with higher demand and rig utilization.

- Jindal Drilling & Industries Limited currently has a total order book detailed rig-wise and year-wise for easy amortization understanding. - They have 6 rigs in their fleet; 4 operating with ONGC, 1 under refurbishment (Jindal Explorer), and 1 engaged overseas. - Recent tenders by ONGC have been sluggish or delayed due to ongoing work with BP, expected to complete this year with new plans for 2026. - Another ONGC tender expected by September 2025. - Jindal Pioneer rig is planned to be bid in upcoming ONGC contracts and the company is also open to contracts with international companies. - No specific numeric figures of the order book or pending orders are provided in the transcript. This reflects a moderate but cautious growth outlook tied closely to ONGC tenders and demand in offshore drilling.