Jindal Drilling’s standalone net profit rose to Rs. 140.58 Cr in FY25 from Rs. 114.10 Cr, despite a dip in consolidated revenue fueled partly by JV losses.

Operating costs increased due to higher depreciation and expenses.

The firm acquired the rig Jindal Pioneer for Rs. 653.63 Cr, fully funded by internal accruals.

A 20% dividend hike to Rs. 1 per share signals strong earnings and cash flow.

The company has announced a board meeting for approving the financial results for the quarter and half-year.