Jindal Drilling & Industries Ltd
Jindal Drilling & Industries Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects stable EBITDA around INR 350 crores for the current and next year, indicating steady revenue. The company expects EBITDA of around INR 350 crores in the current year and a similar level in the next year (FY27).
From Jindal Drilling & Industries Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects stable EBITDA around INR 350 crores for the current and next year, indicating steady revenue.
- Upcoming tenders from ONGC will provide opportunities to redeploy rigs and secure new contracts, contributing to revenue growth.
- The Jindal Pioneer rig, currently under refurbishment, is expected to start generating revenue in the upcoming months.
- Three rigs getting dehired in 2026 will undergo refurbishment and be bid for new contracts, with revenue impact dependent on market rates.
- Company is focusing on acquiring longer-term contracts (3-5 years) primarily in India, with selective international deployments expanding revenue sources.
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Profitability & Margins
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Capital Expenditure Plans
- No new capex or strategic investments are currently planned.
- The company is focusing on refurbishing 3 rigs that will be dehired in FY 2027.
- Refurbishment costs per rig are estimated between INR 50 to 100 crores and are amortized over the contract duration.
- Cash is being conserved primarily for these refurbishment exercises and to settle dues related to the Jindal Pioneer rig acquisition (~$35 million).
- No concrete plans for organic growth or acquisitions in the offshore drilling or rig services space this year.
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Top-ranked in Oil
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The order book for Q4 is mentioned as INR 237 crores, indicating the expected revenue trajectory. (Page 5)
- The company is actively bidding in ONGC tenders to rehire rigs that are being dehired in the current year. (Page 6)
- A recent tender for 4 rigs includes Jindal Pioneer being brought back into India. More tenders from ONGC are expected in the coming weeks or months. (Page 6)
- The management is focused on securing contracts as rigs become available, indicating an ongoing order pipeline tied to rig deployment cycles. (Page 6)
Jindal Drilling & Industries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹263 Cr, net profit ₹45 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Jindal Drilling & Industries Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Jindal Drilling & Industries Ltd Q3 FY26 results?
The company expects stable EBITDA around INR 350 crores for the current and next year, indicating steady revenue. The company expects EBITDA of around INR 350 crores in the current year and a similar level in the next year (FY27).
What is Jindal Drilling & Industries Ltd share price analysis?
Jindal Drilling & Industries Ltd currently shows a neutral. The stock trades at a P/E of 8.8 with a market cap of ₹1,704 Cr. Investors should review the full earnings analysis for detailed insights.
Is Jindal Drilling & Industries Ltd planning capital expenditure?
No new capex or strategic investments are currently planned.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.