Q1 FY27 — 10 Aug 2026
Jindal Drilling And Industries Limited Q1 FY27
Jindal Drilling & Industries Limited reported a fairly good Q1 FY27, securing a new ONGC contract for one rig and maintaining a robust order book of INR 1,310 crores. However, the company faces a near-term challenge as three rigs are slated for dehire and refurbishment, which will impact H2 FY27 revenue. Management expects EBITDA margins to potentially increase despite the revenue dip, and remains confident in redeploying the rigs, though recent day rates have been lower than anticipated.
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