New Delhi, India – January 28, 2025: Jindal Drilling & Industries Limited (NSE: JINDRILL, BSE: 511034) has released its unaudited financial results for the third quarter and nine months ended December 31, 2024. The company delivered strong revenue growth and profitability, reinforcing its position in the offshore drilling and oilfield services sector.
Key Financial Highlights (Standalone) – Q3 FY2024-25
- Revenue from Operations: ₹23,946 lakhs (YoY growth from ₹18,306 lakhs)
- Total Income: ₹25,407 lakhs
- Profit Before Tax (PBT): ₹6,517 lakhs (YoY growth from ₹4,143 lakhs)
- Net Profit: ₹4,875 lakhs (YoY increase from ₹3,112 lakhs)
- Earnings Per Share (EPS): ₹16.38 per share
- Total Expenses: ₹18,890 lakhs
- Foreign Exchange Gain: ₹871.41 lakhs in Q3 FY25 (vs ₹11.32 lakhs in Q3 FY24).
Nine-Month Performance (April – December 2024)
- Total Revenue: ₹62,073 lakhs (YoY increase from ₹43,746 lakhs)
- Net Profit: ₹8,757 lakhs (YoY increase from ₹8,229 lakhs)
- Earnings Per Share (EPS): ₹30.22 per share
- Total Expenses: ₹50,377 lakhs
- Profit Before Tax (PBT): ₹11,696 lakhs.
Consolidated Financials
On a consolidated basis, the company reported:- Revenue: ₹25,407 lakhs (YoY increase from ₹18,903 lakhs)
- Net Profit: ₹6,595 lakhs (YoY increase from ₹3,194 lakhs)
- EPS: ₹22.76 per share
- Total Comprehensive Income: ₹6,897 lakhs.
Operational Highlights & Market Outlook
- Strong Performance in Offshore Drilling:
- Increased contractual Revenue from rig deployments.
- Higher operational efficiency and fleet utilization contributed to profit growth.
- Foreign Exchange Gains Boost Income:
- Net forex gains of ₹871.41 lakhs in Q3 FY25, compared to ₹11.32 lakhs in Q3 FY24.
- Strategic Partnerships & JV Performance:
- Discovery Drilling Pte. Ltd. and Virtue Drilling Pte. Ltd. remain key growth enablers.
- JV contributed ₹1,720 lakhs to consolidated earnings.
Management Commentary
"Our continued focus on operational excellence and maximizing asset utilization has helped us achieve strong results this quarter. The offshore drilling segment remains robust, and we expect sustained growth driven by increasing exploration activities globally," said Raghav Jindal, Managing Director of Jindal Drilling & Industries Ltd.Looking Ahead
- The company remains optimistic about future demand in the offshore oil and gas industry, which is driven by rising global energy needs and exploration spending.
- The trading window for insiders remains closed until the financial results are fully disseminated.