Jindal Drilling And Industries Limited — Q1FY27 earnings call summary

Filed 14 August 2026 · Official transcript

Q1 FY27 was broadly in line with expectations; order book at INR1,310 Cr
EBITDA margin expected to increase in H2 FY27 despite revenue decline
Refurbishment cost per rig estimated at INR90-110 Cr; Pioneer rig deployment expected Oct 2026
Three rigs to be dehired in H2 FY27 for 4-6 months refurbishment, impacting revenue
Market outlook cautiously optimistic due to increased drilling activity from government initiatives
Day rates for new contracts remain under pressure; future tenders may be INR or USD denominated
Legal dispute with ONGC ongoing; potential exposure INR163 Cr including interest and forex
Focus on domestic rig deployment; international opportunities considered but limited by market conditions