United Drilling Tools Announces Q1 Financial Results and Declares Interim Dividend
United Drilling Tools Limited (UDTL), an oil drilling equipment manufacturer and service provider, announced its unaudited quarterly financial results and key corporate decisions following a board meeting held on August 10, 2026. The company declared an interim dividend and confirmed appointments for statutory and cost auditors for the upcoming period.The Board of Directors reviewed and approved the un-audited quarterly financial statements (both standalone and consolidated) for the first quarter ended June 30, 2026. A central decision made was the declaration of a 1st Interim Dividend at a rate of 6%, corresponding to ₹ 0.60 per equity share, based on an equity share capital of ₹ 10 each for Fiscal Year 2026-27.
The Board also fixed critical dates related to shareholder entitlements and future corporate actions:
- Interim Dividend Record Date: Friday, August 21, 2026.
- Final Dividend Record Date (for FY 2025-26): Friday, September 11, 2026.
Corporate Appointments and Governance Decisions
In a significant governance step, the Board appointed M/s A P U & Co., Chartered Accountants, to serve as Statutory Auditors for the second term of four consecutive years, pending shareholder approval at the ensuing Annual General Meeting (AGM). Furthermore, the company appointed M/s Swati Chaturvedi, Practicing Cost Accountants, as the Cost Auditor for the Financial Year 2026-27.The company also noted Related Party Transactions with M/s Oil Drilling Consultancy Services. The Notice of the 44th Annual General Meeting was released, scheduled to be held on Wednesday, September 23, 2026, via Video Conferencing.
Standalone Financial Performance (Q1 FY 2026-27)
The unaudited standalone financial results showed performance across various segments of the business. The company’s income and expenses for the quarter compared against figures from previous periods.Summary of key financial metrics for the Quarter ended June 30, 2026 (all figures are based on reporting units provided in source documents):
| Particulars | Q1 Ended June 30, 2026 Unaudited | Q1 Ended March 31, 2026 Audited |
|---|---|---|
| Income | ||
| Revenue from Operations | 3,409.90 | 3,166.74 |
| Other Income | 5,022 | 5,799 |
| Total Income | 3,460.12 | 3,224.73 |
| Expenses | ||
| Cost of Materials Consumed | 1,857.85 | 1,269.97 |
| Changes in Inventories of Finished Goods, WIP & Stock in Trade | 24,540 | 683.69 |
| Employees Benefits Expenses | 24,615 | 310.66 |
| Finance Cost | 27.69 | 1,273 |
| Depreciation and Amortisation Expenses | 86.88 | 8,567 |
| Other Expenses | 406.62 | 34,949 |
| Total Expenses | 2,870.59 | 281,221 |
| Net Profit Before Tax | 589.53 | 2,659.04 |
Consolidated Financial Results (Q1 FY 2026-27)
The unaudited consolidated financial results, which include the performance of the parent and its subsidiary P Mittal Manufacturing Private Limited, are also available.Summary of key consolidated financial metrics for the Quarter ended June 30, 2026:
| Particulars | Q1 Ended June 30, 2026 Unaudited | Q1 Ended March 31, 2026 Audited |
|---|---|---|
| Income | ||
| Revenue from Operations | 344,874 | 3,166.74 |
| Other Income | 2,604 | 3,202 |
| Total Income | 347,478 | 3,198.76 |
| Expenses | ||
| Cost of Materials Consumed | 164,536 | 1,301.41 |
| Changes in Inventories of Finished Goods, WIP & Stock in Trade | 42,204 | 666.19 |
| Employees Benefits Expenses | 27,935 | 33,933 |
| Finance Cost | 2,884 | 113.08 |
| Depreciation and Amortisation Expenses | 120.20 | 11,07 |
| Other Expenses | 369.11 | 54,452 |
| Total Expenses | 2,864.90 | 375,653 |
| Net Profit Before Tax | 609.88 | 2,681.91 |
UNIDT Stock Price Movement
United Drilling Tools Limited shares slipped today, settling at ₹234.64 after a 0.84% decline from yesterday’s close. The stock traded within a range of ₹229.14 and ₹240, with a total traded volume amounting to 4,136 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.
Last edited by a moderator: