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Revenue
₹78 Cr
verified against source
Revenue YoY
5%
reported change
EBITDA
₹20 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
South West Pinnacle Exploration delivered its best-ever quarterly profitability in Q4 FY26, with revenue of ₹78 Cr (+5% YoY) and EBITDA of ₹20 Cr (+32% YoY), driving EBITDA margin expansion of 540 bps to 26.25%. PAT grew 30% YoY to ₹13 Cr. The full-year revenue rose 35% to ₹243 Cr, with PAT doubling to ₹33 Cr. The standout event was securing the largest single order worth ₹300 Cr from Hindustan Zinc, boosting the order book to ₹580 Cr. Management guided for ~20% revenue growth in FY27 with disproportionate profit growth, citing strong demand across exploration domains, a shift to private clients (improving cash flows), and capacity additions (4 new rigs ordered). The coal block in Jharkhand is progressing toward mining plan approval, with Phase 1 capex of ~₹200 Cr largely non-fund based. Key risk: execution delays on the large Hindustan Zinc order or monsoon disruptions could impact quarterly linearity.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided for ~20% year-on-year revenue growth in the short to medium term, with a disproportionate increase in profitability.
- With fixed cost coverage, EBITDA margins are expected to improve further as revenue grows, though no specific target was given.
- Four additional drilling rigs have been ordered and are expected to be delivered within the next 3 to 6 months, expanding the fleet.
- The Jharkhand coal block will require ~₹200 Cr in Phase 1, mostly non-fund based (bank guarantees), with funding from internal accruals and bank facilities.
Risks flagged
- The ₹300 Cr order from Hindustan Zinc is the largest ever; any delay in mobilization or execution could impact revenue visibility.
- Historically, monsoon affects drilling operations; management claims current order book mitigates this, but weather remains a risk.
- Receivables are elevated (implied ~6 months credit), though management cites retention money and improving private client mix.
- The Jharkhand coal block requires regulatory approvals (mining plan); any delay could push back revenue generation from this vertical.
Key quotes
- FY2026 was a landmark year for the company wherein we achieved our highest ever annual performance. Further Q4 FY26 also marked our best ever quarterly performance in terms of profitability.
- We expect to be on excellent growth trajectory and are confident of achieving around 20% growth year on year in short to medium term with sustainable increase in bottom line.
- Exploration sector in all... there is a huge shortage of resources currently in the market. So the margins are great right now.
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