Sunday, February 20, 2011

JINDAL DRILLING & INDUSTRIES = RESULTS = FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = NET PROFIT HIGHER BY 49%




JINDAL DRILLING & INDUSTRIES LTD


JINDAL DRILLING & INDUSTRIES has declared its RESULTS FOR  Q/E DECEMBER, 2010.

Net Sales is Rs.265 cr – compared to Rs.276 cr in Q2 FY 11 and Rs.279 cr in Q3 FY 10.

Profit before Tax is Rs.35.4 cr, compared to Rs.33.2 cr in Q2 FY 11 and Rs.24.45 cr in Q3 FY 10.

Net Profit is Rs.24 cr – up by 6.89% from Q2 FY 11; and up by a good 48.53% from Q3 FY 10. On a proportionate basis (Q3 x 4), it is also higher by 12.76% from FY 2010.

Basic EPS  is Rs.10.34, compared to Rs.9.67 in Q2 FY 11 and Rs.6.96 in Q3 FY 10.

The operating profit margin and net profit margin have both registered good improvement.

RESULTS TABLE :

JINDAL DRILLING
31-Dec-10
30-Sep-10
31-Dec-09
MNTHS(RS.MILLNS)
3
3
3
Net Sales
2,650.20
2,756.20
2,789.70
DIF %1
265.00
-3.85
-5.00
Other Income
22.7
19.4
14.8
Expenditure
-2,288.90
-2,413.30
-2,526.40
Interest
-2.1
-2.6
-3.2
Depreciation
-27.9
-27.7
-30.4
Profit before Tax
354
332
244.5
Tax
-116.8
-110.1
-84.8
Net Profit
237.2
221.9
159.7
DIF %2
24
6.89
48.53
Equity Capital
114.7
114.7
114.7
Basic EPS
10.34
9.67
6.96
% of Shares-Public
25.07
25.07
25.01
Opertng Profit Margin
14.49
13.14
9.97
Net Profit Margin
8.95
8.05
5.72
Cash EPS
11.56
10.88
8.29


NEWS ON JINDAL DRILLING

September 3, 2010  :  Jindal Drilling & Industries Ltd. made it to Asia's 'Best Under A Billion' 2010 list of companies compiled by the Forbes magazine.

April, 2010  :  Notable performance by Jindal’s Rig ‘Virtue I’– “Drill News”

April 29, 2010  :  Jindal Drilling & Industries Ltd., received a firm order from ONGC in April 2010 for charter hire of drilling unit Noble Charlie Yester for further three years.

·        The primary term for Noble’s rig “Noble Charlie Yester” was completed on31st December, 2009, however, the contract was extended for three months, which was successfully completed on 31st March, 2010. The rig was offered against the new tender invited by ONGC and was successful. The new contract for this rig will commence shortly.

Nov 20, 2009 :  Jindal gets 5 year order for drilling unit 'Noble Ed-holt'

Jul 06, 2009 :  Rig Noble Ed-Holt has received the prestigious Noble’s Chairman’s Award 2008 for having worked 4517 days without Recordable Incident

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