JINDAL DRILLING IND. LTD

During the earnings conference call held on January 30, 2026, management reported that the operational performance for Q3 FY26 was broadly in line with previous communications, with no major changes quarter-to-quarter. A significant development was the reversal of previously booked Other Income due to ongoing litigation with ONGC, which affected the bottom line. Management clarified that operational performance remained stable despite this financial adjustment. They discussed upcoming tenders from ONGC and the competitive landscape for rig contracts, indicating a potential increase in rig rates due to reduced international competition. Management also noted that they are cash-rich but are conserving funds for refurbishment of dehired rigs and vendor dues. They confirmed that they are exploring international contracts while prioritizing longer-term contracts in India. The call concluded with management thanking participants for their engagement.

Management provided a balanced overview of operational performance and financial adjustments without emphasizing significant growth or challenges.