Jindal Drilling & Industries Ltd. · NSE:JINDRILL
Jindal Drilling & Industries — Q2 FY24 Earnings Presentation
12 slides from Jindal Drilling & Industries's earnings presentation, Nov 3, 2023
Slide 1: E-Communication: Earnings Presentation for Q2 FY24
E-Communication JDIL/SECT/SE/2023-24 03 November 2023 BSE Limited National Stock Exchange of India Limited 25th Floor, P.J. Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Mumbai-400001 Bandra - Kurla Complex Bandra (E), Mumbai-400051 Security Code: 511034 Security Code: JINDRILL Sub: Earnings P
Slide 2: Earnings Presentation Quarter ending 30 September 2023
Earnings Presentation Quarter ending 30 September 2023 03 November 2023 1
Slide 3: Forward-looking statements disclaimer
This document contains “forward-looking statements” about our business, financial performance, skills and prospects. Statements about our plans, intentions, expectation, beliefs, estimates, prediction or similar expression for the future are forward-looking statements. Forward looking statements are
Slide 4: About us
About us Leading offshore drilling services contractor in India’s oil & gas sector Over 35 years of offshore drilling experience Efficient and experienced operational & management team Delivering high level of customer satisfaction Excellence through stringent safety measures Operates 5
Slide 5: Rigs – Deployed with ONGC on long term contracts
Rigs – Deployed with ONGC on long term contracts Operating Rig name Design Status Contract Duration Day Rate (USD) May 23 to Discovery-I K’FELS B-Class Owned 48,324 May 26 Jindal Marathon October 20 to Owned 40,700 Supreme Letourneau 84F January 24 October 23 to Virtue-I K’FELS B-Class Rented 80,633
Slide 6: Quarterly Highlights
Quarterly Highlights Total revenue EBIDTA & EBIDTA % 210 156 120 44% 54% 145 150 34% 37% 37% 140 108 32% 99 80 36% 70 40 18% Rs. crore Rs. crore 48 45 53 38 42 0 0 0% Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 PAT & PAT % EPS 45 45% 21 36 31 30 26 30% 14 12 11 18 20 9 26%
Slide 7: Profit & Loss – Quarterly Comparison
Profit & Loss – Quarterly Comparison Rs. crore Particulars Q2 FY24 Q1 FY24 Q2 FY23 Revenue from operations 142 94 138 Add: Other income 8 5 18 Total revenue 150 99 156 Less: Expenses Operational expenses (68) (38) (67) Employees benefit expenses (18) (12) (20) Finance cost (4) (3) (1) Depreciation &
Slide 8: Annual Highlights
Annual Highlights Total revenue EBIDTA & EBIDTA % 750 559 210 175 54% 406 452 500 140 110 36% 57 34% 250 70 26% 18% Rs. crore Rs. crore 14% 0 0 0% FY21 FY22 FY23 FY21 FY22 FY23 PAT & PAT % EPS 150 42% 48 39 112 100 28% 32 65 22 50 22% 14% 16 Rs. crore 9 15% 3 2% Rs. 0 0% 0 FY21 FY22 FY23 FY21 FY22 F
Slide 9: EBIDTA Mix
EBIDTA Mix Rs. crore Q2 FY24 Q1 FY24 5 1 1 6 Rig Total - 53 Total - 42 47 35 Directional Drilling Q2 FY23 FY23 3 1 13 3 Mud Logging Total - 48 Total - 175 44 159 8
Slide 10: Borrowings – Gross & Net Debt
Borrowings – Gross & Net Debt Rs. crore Particulars September 23 March 23 Loan for rig Discovery-I 113 143 Loan for rig refurbishment 84 45 Gross debt 197 188 Less: Liquid investments (5) (5) Net debt 192 183 Working capital borrowing of Rs. 18 crore has not been considered in above. As all rigs
Slide 11: Shareholding Structure – 30 September 2023
Shareholding Structure – 30 September 2023 Rs. crore 25.12% 63.40% Marquee Investors Suresh Kumar Agarwal 11.48% Ashish Chugh Promoters Aequitas Investment Public > 1% Consultancy Public - Others 10
Slide 12: Investor Contact
Investor Contact Kaushal Bengani Deputy General Manager Investor Relations & Finance Tel. No.: +91-124-4624177 E-Mail: kaushal@jindaldrilling.in
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