Earnings Call/Transcript
Jindal Drilling Q2 FY27 Earnings Call
Jindal Drilling will host a virtual earnings call on 16 November 2026 at 12:00 PM IST to discuss its Q2 FY27 results.
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Bearish
5
Neutral
6
Bullish
3
Bearish
35
Neutral
6
Bullish
5
Bearish
30
Neutral
0
Bullish
2
Oil
Offshore Support Solution Drilling
1,477 Cr
Low Risk
7.7
7.0
0.5
0.8
704.00
440.00
Sales CAGR
Profit CAGR
ROE
ROCE
Upcoming Result Date: Nov 12, 2026
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Earnings Call/Transcript
Jindal Drilling will host a virtual earnings call on 16 November 2026 at 12:00 PM IST to discuss its Q2 FY27 results.
Board Meeting
Jindal Drilling will consider unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2026 at its board meeting on 13 November 2026.
Order Win/Contract
Jindal Drilling received an ONGC award to deploy Discovery-I rig for three years at an effective day rate of Rs. 51,99,293.21, equivalent to USD 54,633.36.
Jindal Drilling & Industries Ltd (JINDRILL) is currently trading at 510.50 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
Jindal Drilling & Industries Limited operates offshore jack-up drilling rigs and associated oilfield services, supplying drilling, mud-logging and directional drilling primarily to ONGC, and also manufactures and processes seamless pipes and related services for oil and industrial customers. The company currently reports five rigs on long-term ONGC contracts, with a recently awarded sixth rig contract and a disclosed order book of INR 1,310 crores; management provided rig-wise and year-wise order book detail to improve revenue visibility for FY27. Three rigs will be dehired and refurbished during the current financial year, creating an expected H2 revenue decline as those assets undergo 4–6 month refits, but management expects EBITDA to be resilient and potentially see improved margins due to rate mix and asset economics. Management highlights material refurbishment capex requirements of approximately INR 90–110 crores per rig, a recent USD 75 million rig acquisition in FY25, and a cash-rich balance sheet with reducing debt, positioning the company to fund refurbishments while remaining cautious on new acquisitions. The company faces a long-running legal dispute with ONGC with a potential contingent exposure near INR 163 crores including interest and forex; management considers the likelihood of adverse payment obligations remote given past favourable rulings, but legal cost and outcome remain an overhang.
Over the past 52 weeks, Jindal Drilling & Industries Ltd has traded between a low of ₹440.00 and a high of ₹704.00. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
Jindal Drilling & Industries Ltd has a market capitalization of approximately 1,477.11. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
Jindal Drilling & Industries Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 7.71 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 1,477.11 Cr, Jindal Drilling & Industries Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
Jindal Drilling & Industries Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of Jindal Drilling & Industries Ltd is 7.71. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
The contract carries an effective day rate of Rs 45,83,215.16 per day. Jindal Drilling also disclosed a US dollar equivalent of US$47,893.99 per day, but it did not state the overall contract value or expected profit.
ONGC issued a three-year Notification of Award for the jack-up rig Jindal Pioneer at an Effective Day Rate of ₹45.83 lakh per day.
