Jindal Drilling reports strong half-year profit growth, boosted by ONGC settlement

Jindal Drilling & Industries Ltd. announced a standalone profit of ₹17,718 lakhs for the half year ended September 30, 2025, a substantial increase from ₹3,882 lakhs in the prior year. Total standalone income for the half year surged to ₹60,961 lakhs, up from ₹36,666 lakhs in the corresponding period of the previous year. This growth contributed to basic and diluted earnings per share of ₹61.14 for the half year, compared to ₹13.39 previously.

The company's board of directors approved the unaudited standalone and consolidated financial results during a meeting held on November 4, 2025. The consolidated profit for the period also saw a significant rise to ₹19,861 lakhs for the half year, compared to ₹7,835 lakhs in the previous year.

A key factor in the improved financial performance was "Other Income," which includes ₹10,043 lakhs for an old ONGC receivable litigation concluded in Q2 FY26. The company recorded ₹6,648 lakhs received towards the outstanding amount and ₹10,043 lakhs towards interest and foreign exchange fluctuation from this resolution.