United Drilling Tools Ltd

Record date correction for final dividend

• Record date for the Final Dividend corrected to September 16, 2026.
• Previously stated date September 11, 2026 was a clerical error.
• XBRL submission filed with stock exchanges reflecting the corrected date.

Financial performance

• Revenue from operations ₹3,409.90 lakhs in Q1 FY27, up 7.68% YoY.
• PBT for Q1 FY27 ₹589.53 lakhs, up 42.91% YoY.
• EBITDA ₹704.10 lakhs with 20.35% margin in Q1 FY27.
• EBITDA growth driven by better product mix and operational efficiencies.
• Healthy order book supports outlook for revenue growth.

Operational and strategic developments

• 7-inch Premium Production Casing Pipes supplied to Oil India Limited; marks entry into premium OCTG.
• Domestic orders secured from ONGC, Vedanta, Shivganga Drillers, and Aadyashree Drilling.
• Export orders from Argentera Oil and Gas (Brazil) and Trident East Limited (Russia).
• Development order for Premium Connection technology to Oil India's project, expanding addressable market.
• International expansion: appointing agents in Oman, U.S., and other markets.

Outlook and government initiatives

• Samunder Manthan offshore scheme approved July 31, 2026; Phase I outlay ₹84,084 crore through FY2030-31.
• Management optimistic on sustaining revenue and profitability growth amid improving demand environment.

Cost Auditor Appointment

• Appointment of M/s Swati Chaturvedi as Cost Auditor for FY 2026-27.
• Appointment effective August 10, 2026 for FY 2026-27 cost audit.
• Reason: to audit the cost records for FY 2026-27.
• Profile: Swati Chaturvedi, practicing Cost Accountant with extensive experience in accounting, costing, and finance.
• No relation with directors or senior management.
• Board approved the appointment on Audit Committee's recommendation.

Record date for final dividend entitlement

• Record date fixed for entitlement to FY 2025-26 final dividend: 16 September 2026.
• Payment date will be announced in due course.
• Dividend payable to members as per records on the record date.

Record date details

• Purpose: fixation of record date for entitlement to 1st Interim Dividend FY 2026-27.
• Record date: Friday, August 21, 2026.
• Payment date: to be announced.

Results approved

• Approved unaudited standalone and consolidated quarterly results for quarter ended June 30, 2026, and noted Limited Review Report.

Dividend declarations

• Declared 1st Interim Dividend at 6% (Rs 0.60 per equity share) for FY 2026-27.
• Record date for interim dividend fixed at August 21, 2026.
• Record date for Final Dividend for FY 2025-26 fixed at September 11, 2026.

Cost audits

• Cost statements and Cost Audit Report for FY 2025-26 noted.
• Swati Chaturvedi appointed as Cost Auditors for FY 2026-27.

Statutory auditors appointment

• M/s APU & Co., Chartered Accountants appointed as Statutory Auditors for 2nd term, subject to AGM approval.

AGM and record dates

• 44th Annual General Meeting to be held on Sept 23, 2026 via Video Conferencing.
• Register of Members and share transfer books to close Sept 17–23, 2026.

Related party transactions

• Related Party Transaction(s) with Oil Drilling Consultancy Services disclosed.

Order details

• Awarding entity: Tri Lift Services INC, USA.
• Nature and scope: Gas Lift Mandrel supply for oil and gas industry.
• Estimated contract value: INR 4,829,175.
• Order type: International; execution within 4-5 months.
• Promoter/group interest: No; arm's length not applicable.

Order details

• UDTL has secured a trial order for winch accessories from Baker Hughes Singapore Pte.
• This is the first-ever supply of winch accessories by UDTL to Baker Hughes.
• Products will undergo Baker Hughes’ qualification process with evaluation and testing.
• Subject to successful performance, the arrangement could lead to regular, larger-volume orders.
• Execution is expected within 30 days per Baker Hughes’ specifications.
• GM-Global Sales and Marketing highlighted strengthening partnership and potential future orders.