South West Pinnacle Q2 FY26 Revenue Increases 128% to ₹624 Million; Profit Surges to ₹84 Million

Gurugram, October 29, 2025: South West Pinnacle Exploration Ltd (NSE: SOUTHWEST, BSE: 543986) posted robust financial performance for the second quarter ended September 30, 2025. Consolidated revenue of the company grew 128% year-on-year at ₹624 million from ₹274 million of the corresponding quarter of the previous year. Profit after tax surged to ₹84 million, as against ₹4 million in Q2 FY25, on the back of increased order execution and improved operational efficiency.

Stock Movement

After posting Q2 numbers, the stock price of South West Pinnacle Exploration moved up, gaining 13.30% to ₹162.76 in early trade on Thursday (as of 10:23 am IST). The stock opened at ₹172.38, matching its 52-week high, before easing slightly during mid-morning trade. Intraday, it moved between a high of ₹172.38 and a low of ₹159.01, taking the company’s market capitalisation to ₹495.18 crore. The surge follows strong investor sentiment ahead of the company’s quarterly results and increased activity in the energy exploration segment.

Half-Year Performance

For the first half of FY26, the revenue was ₹1,027 million, up 81% from a year ago, ₹568 million. Profit after tax was ₹108 million, registering a 370% growth. The company reported improved operating margins on account of a good project mix as well as tight cost controls.

Operational Highlights

South West Pinnacle won new orders worth more than ₹850 million during the quarter, with its total order book at ₹4.12 billion, excluding GST. The company also established a joint venture in Oman, Al Hdeetha Mining LLC, which has been awarded a mining block by the Sultanate of Oman, where exploration activities have commenced. The company also initiated the second phase of its coal-bed methane project with Reliance Industries Ltd on a ₹1.53 billion contract, and also won a ₹153 million coal exploration project from JSW Energy (Utkal) Ltd.

Management Remarks and Outlook

Chairman and Managing Director Vikas Jain mentioned that the company posted its highest-ever quarter and half-year performance, aided by timely project execution and good demand. He further noted that prospects for the second half of FY26 look good, with Q3 and Q4 being generally stronger quarters.

South West Pinnacle Exploration Ltd provides drilling and exploration services for coal, minerals, oil, gas, and groundwater. It operates more than 40 rigs in India and Oman. The company has completed over 150 projects, including 2.8 million meters of drilling and multiple seismic surveys.

REF: https://nsearchives.nseindia.com/corporate/SOUTHWEST_29102025194626_PRESS_RELEASE-FINAL.pdf

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