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Jindal Drilling expects 40% growth in consolidated income to Rs 600 crore in FY17

08 Jun 2016 Evaluate

Jindal Drilling & Industries expects to clock a 40% growth in consolidated income to Rs 600 crore in FY17 from its drilling and rigs businesses. The company had a consolidated income of Rs 430 crore in FY16. The company expects margins to increase from 52% in FY16 and margins in rigs business may vary by 10% on account of repairs.

Jindal Drilling & Industries is engaged in drilling and related services. The company provides a range of services to companies involved in the exploration of oil and gas.


Peers
Company Name CMP
ONGC 226.00
Oil India 453.50
Jindal Drilling&Inds 495.90
Deep Industries 668.65
Asian Energy Service 408.80
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