JINDRILL Jindal Drilling And Industries Q3 FY26 results (Oct–Dec 2025) and concall
Jindal Drilling's Q3 FY26 operational performance was in line with expectations, but the bottom line was significantly impacted by the reversal of an approximately INR 100 crores income related to an ONGC litigation, which became sub-judice. The company remains debt-free and cash-rich, guiding for INR 350 crores EBITDA for FY26 and FY27, but is conserving cash for upcoming rig refurbishments and a $35 million vendor payment. Management is actively pursuing new ONGC tenders and aims to secure contracts for dehiring rigs, while acknowledging past competition in rig rates.
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What they filed
Q3 FY26: revenue up 1.3%, net profit down 175.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 172 | 239 | 245 | 254 | 238 +38% | 242 +1% |
| EBITDA | 31 | 81 | 87 | 107 | 93 +200% | 72 −11% |
| Net profit | 16 | 49 | 53 | 56 | 121 +656% | -37 −176% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
