Jindal Drilling & Industries Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Jindal Drilling & Industries Ltd reported a 39.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 34.4%.
- Its expenses for the quarter were up by 17.1% QoQ and 28.0% YoY.
- The net profit increased 91.3% QoQ and increased 106.5% YoY.
- The earnings per share (EPS) of Jindal Drilling & Industries Ltd stood at 22.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 254.07 | 182.55 | 189.03 | 39.2% | 34.4% |
Total Expenses | 188.90 | 161.35 | 147.60 | 17.1% | 28.0% |
Profit Before Tax | 65.17 | 21.20 | 41.43 | 207.4% | 57.3% |
Tax | 16.42 | 5.36 | 10.31 | 206.3% | 59.3% |
Profit After Tax | 65.95 | 34.47 | 31.94 | 91.3% | 106.5% |
Earnings Per Share | 22.80 | 11.90 | 11.00 | 91.6% | 107.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jindal Drilling & Industries Ltd is a prominent player in the oil and gas industry, primarily engaged in providing offshore drilling services. The company offers a range of services including exploratory and production drilling, which are essential for oil and gas extraction. As a key service provider in this sector, Jindal Drilling supports large oil and gas exploration companies by facilitating the drilling of wells necessary for resource extraction. The company operates in a highly specialized sector with significant capital investment in equipment and technology. Currently, there are no specific recent developments available within the provided information.
Revenue
In the third quarter of FY25, Jindal Drilling & Industries Ltd reported a total income of ₹254.07 crores. This represents a 39.2% increase from the previous quarter (Q2FY25) where the total income was ₹182.55 crores. Compared to the same quarter in the previous fiscal year (Q3FY24), where the total income was ₹189.03 crores, the company experienced a year-over-year increase of 34.4%. This substantial growth in revenue over both the quarter and the year highlights the company's ability to enhance its income-generating capabilities within the industry context.
Profitability
The company's profitability metrics have shown marked improvement in the third quarter of FY25. The profit before tax (PBT) for Q3FY25 was ₹65.17 crores, reflecting a significant increase of 207.4% from Q2FY25 and a 57.3% increase from Q3FY24. After accounting for taxes, the profit after tax (PAT) was ₹65.95 crores, which is a rise of 91.3% quarter-over-quarter and 106.5% year-over-year. This robust growth in profitability is further highlighted by the earnings per share (EPS) of ₹22.80, up from ₹11.90 in the previous quarter and ₹11.00 in the same quarter last year, marking increases of 91.6% QoQ and 107.3% YoY.
Operating Metrics
Total expenses for the third quarter of FY25 stood at ₹188.90 crores, up 17.1% from ₹161.35 crores in Q2FY25 and 28.0% from ₹147.60 crores in Q3FY24. The increase in expenses corresponds with the rise in total income, suggesting a proportional scale-up in operational activities. The tax expense for the quarter was ₹16.42 crores, which is an increase of 206.3% from the previous quarter and 59.3% compared to the same period last year. These changes in operating metrics reflect the company's financial dynamics during the reported period. However, specific financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not provided in the data, and therefore cannot be calculated or analyzed.
