ALFA Finder
| Market Cap | ₹1,484.7 CrSmall Cap |
|---|---|
| P/E TTM | 7.75xSector PE 17.62x |
| ROE Annual | 11.57%Efficiency |
| RSI | 41.4Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 286 | 275 | 238 |
| Other Income | 7.8 | 7.2 | 109 |
| Total Income | 294 | 283 | 347 |
| Profit Before Tax | 88.5 | 65.4 | 173 |
| Net Profit | 65.8 | 47.1 | 132 |
| Operating Margin | 30.1% | 23.1% | 50.0% |
| Net Profit QoQ | +39.7% | ||
| Net Profit YoY | -50.3% | ||
| Adj. Profit QoQ | +42.0% | ||
| Adj. Profit YoY | +71.5% | ||
Key highlights
- Revenue from operations grew to ₹286 crore, up 4% from the preceding quarter
- Net profit stood at ₹65.8 crore, reflecting a 39.7% sequential growth
- Operating margins expanded to 30.1% in Q2-27 from 23.1% in Q1-27
- Adjusted profit YoY surged 71.5% despite a 50.3% drop in headline net profit
- Profit Before Tax (PBT) reached ₹88.5 crore compared to ₹65.4 crore in the June quarter
Core Operations Strengthen Amid High Base Effects
Jindal Drilling's bottom line shows a 50.3% year-on-year decline, primarily due to high base effects from the same quarter last year. In Q2-26, Other Income stood at a substantial ₹109 crore, significantly inflating the total income. In contrast, the current quarter saw Other Income at ₹7.8 crore.
However, the Adjusted Profit YoY, which isolates core performance, reflects a robust growth of 71.5%. Total standalone expenses for the quarter were ₹195.73 crore, with operational expenses accounting for ₹121.73 crore. Finance costs were managed down to ₹1.01 crore from ₹2.11 crore a year ago, aiding sequential margin expansion.
Margin Expansion and Sector Context
The company’s operational efficiency improved as the operating margin expanded to 30.1% from 23.1% in the previous quarter. This recovery comes as the firm navigates a challenging market environment where its stock has seen a 1-year price decline of 8.63%. Despite the price correction, the company maintains a healthy Piotroski score of 8, indicating strong financial health.
With a Price to Book Value Adjusted at 0.79, the company trades at a valuation significantly lower than its five-year average P/E of 17.71x, potentially reflecting the 'Under Radar' status highlighted in market performance metrics.
Recent Rig Charters and Order Book Strength
- Order book stood at ₹1,310 crore as of 30 June 2026, providing strong revenue visibility
- Awarded a 3-year offshore rig charter contract by ONGC on 06 November 2026 for Rig Discovery-I
- The new ONGC contract features an effective day rate of approximately ₹51.99 lakh
- Promoter holding remains steady at 66.78% as of the latest reporting period
- Institutional holding saw a minor uptick of 0.46% during the current quarter
Board Approval of Results
The Board of Directors of the Company at its meeting held on today i.e. 13th November, 2026 inter-alia, has considered and approved the Un-audited Standalone and Consolidated financial results for the quarter and half year ended 30th September, 2026.
| Date | Announcement | Amount |
|---|---|---|
| 07 Aug 2026 | Q1 FY27 Unaudited Consolidated Net ProfitSource: earnings.thecore.in | ₹47.10 Cr |
| 22 May 2026 | Q4 FY26 Audited Consolidated Net ProfitSource: kotakneo.com | ₹45.38 Cr |
| 28 Jan 2026 | Q3 FY26 Unaudited Consolidated Net LossSource: kotakneo.com | ₹-33.39 Cr |
| 04 Nov 2025 | Q2 FY26 Unaudited Consolidated Net ProfitSource: reportsradar.com | ₹132.52 Cr |
| 30 Jul 2025 | Q1 FY26 Unaudited Consolidated Net ProfitSource: kotakneo.com | ₹66.11 Cr |
| 26 May 2025 | Q4 FY25 Audited Consolidated Net ProfitSource: zerodha.com | ₹71.61 Cr |
What to watch next
- Earnings conference call with analysts scheduled for 16 November 2026
- Operational commencement of the Rig Discovery-I contract with ONGC
- Q3 FY27 financial results announcement expected in early 2027
“The meeting of the Board of Directors commenced at 3:45 p.m. and concluded at 04:20 p.m.”
| Share price | ₹512.3 |
|---|---|
| Market capitalisation | ₹1,484.70 Cr |
| Revenue (annual) | ₹996.57 Cr |
| Net profit (annual) | ₹210.60 Cr |
| Revenue (latest quarter) | ₹275.39 Cr+4.76% vs previous quarter |
| Net profit (latest quarter) | ₹47.14 Cr+3.88% vs previous quarter |
| P/E (TTM) | 7.75×Sector 17.62× |
| Promoter holding | 66.78%0.00% QoQ |
| FII holding | 0.46%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Jindal Drilling & Industries Ltd announcing its unaudited financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
