United Drilling Tools Posts Strong Q3 And Nine Month Results

10 Mar 2026 CW Team

United Drilling Tools Limited (UDTL) reported financial results for the third quarter and nine months ended 31 December 2025, with marked year-on-year improvement in revenue and margins. Revenue from operations for the quarter stood at Rs. 504.394 million (mn), compared to Rs. 347.76 mn in the corresponding quarter a year earlier, registering growth of 45.04 per cent. The company attributed the increase to higher execution of orders and an improving demand environment across key markets.

For the nine months ended FY26 Profit Before Tax was Rs. 198.128 mn, up from Rs. 158.366 mn in the comparable period, reflecting a rise of 25.11 per cent. EBITDA for the nine months rose to Rs. 254.412 mn from Rs. 202.773 mn, with EBITDA margins expanding to 18.10 per cent from 14.24 per cent in the prior year. The company reported that margin expansion was supported by cost optimisation and enhanced operational efficiencies.

EBITDA for the third quarter reached Rs. 93.213 mn, versus Rs. 52.001 mn in the same quarter of the prior year, and quarterly EBITDA margins improved to 18.19 per cent from 14.75 per cent. Management indicated that a better product mix, investments in manufacturing and research and development, and expansion into export markets were the primary drivers of the improved profitability. The company noted that a healthy order book and ongoing focus on technology-driven products are expected to sustain momentum.

United Drilling Tools, which has operated since 1985 from Noida, Uttar Pradesh, manufactures large outside diameter casing pipe and a range of downhole and well service equipment that meet ISO and API standards. The company reported 32 registered trademarks, of which 24 are registered in India and eight are registered abroad, and 14 design patents with nine registered in India and five in the United Kingdom. The company said it remains confident of delivering enhanced value to shareholders through continued operational improvement and market expansion.

Infrastructure Urban

03 Apr 2026

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..

Centre Releases Over Rs 15 bn as XV FC Grants to Rural Bodies

The Union Government has released over Rs 15 bn in grants recommended by the Fifteenth Finance Commission (XV FC) to strengthen Panchayati Raj Institutions (PRIs) and Rural Local Bodies (RLBs) in six states. The funds comprise tied and untied grants disbursed in FY 2025–26. Telangana received Rs 2.48 bn as the first instalment of untied grants for FY 2025–26, benefitting 12600 Gram Panchayats (GPs). Uttarakhand received Rs 913.1 mn as the second instalment and an additional Rs 18.4 mn of a withheld first instalment was released to a further 216 GPs. Mizoram is included among beneficiary st..

Government Assures Fuel Supplies And Seafarer Safety Amid West Asia Developments

The Government of India has stepped up coordinated measures to maintain stability in critical sectors as developments in West Asia continue to unfold. It has prioritised uninterrupted energy supplies, safeguarded maritime operations and extended consular assistance to nationals. Central authorities are working with State and Union territory administrations to ensure timely information dissemination and operational continuity. Refineries are reported to be operating at high capacity with adequate inventories of petrol and diesel, and domestic LPG production has been increased to support consump..