South West Pinnacle’s FY26: Order book-led scale meets margin expansion

FY26 revenue from operations was INR 2,430 Mn, EBITDA was INR 583 Mn, and PAT was INR 330 Mn, as per the yearly consolidated income statement in the presentation.

Total order book is INR 5,812 Mn. Segment values include Survey and Exploration of Mineral INR 4,373 Mn, Aquifer Mapping INR 576 Mn, CBM Production INR 553 Mn, Seismic and Coal Drilling INR 238 Mn, and PST Seismic INR 72 Mn.

FY26 operating revenue split is CBM Production 37.19%, Aquifer Mapping 24.93%, Non Coal Exploration Services 17.21%, Seismic Exploration Services 15.96%, Coal Exploration Services 2.37%, Geophysical and Geological Services 2.07%, 2D/3D Seismic Exploration 0.17%, and Technical Support Services 0.10%.

The presentation states the company has two Oman joint ventures. The first (formed 2018) has an 11-year copper mining contract valued at USD 125 million with operations commenced in Feb 2022. The second (formed 2024) was awarded Exploration and Mining Block 22-B in Jan 2025 and has started exploration.

The company states it was awarded a coal block in Jharkhand with estimated geological reserves of 84 MT. DGPS survey is completed and exploration is ongoing. It targets commencing coal production by FY 2027-28.

The presentation cites 32+ lakh meters drilled cumulatively, 165+ projects delivered, and a fleet of advanced drill rigs (40 rigs mentioned in the overview; infrastructure slide notes 47 rigs including 5 in pipeline) along with seismic and logging equipment.