United Drilling Tools Ltd. to hold 44th AGM on Sep 23, 2026, releases Annual Report FY26
United Drilling Tools Ltd. will hold its 44th AGM on September 23, 2026. The company released its FY26 Annual Report showing revenue of ₹181.96 crore and PAT of ₹18.76 crore, a 25.74% increase. EBITDA margin improved to 18.49%. A dividend of 18% was declared. UDTL also successfully deployed premium casing pipes and secured new orders.
The announcement includes the Annual Report and AGM details, which are routine but important for shareholders. The financial performance and new developments suggest a positive outlook, impacting investor confidence.
The company reported strong financial performance with increased revenue and significant profit growth, alongside successful product deployment and securing new orders, indicating positive business momentum.
United Drilling Tools Limited (UDTL) has announced its 44th Annual General Meeting (AGM) will be held on Wednesday, September 23, 2026, at 11:30 AM IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The company has also attached its Annual Report for the financial year 2025-26, including the Notice of the AGM and financial statements. This report covers the period from April 1, 2025, to March 31, 2026, and has been audited by M/s A P U & Company, Chartered Accountants. The Annual Report is being sent electronically to all registered members. For FY26, UDTL reported revenue from operations of ₹181.96 crore, a 5.7% increase from FY25. Profit after tax grew by 25.74% to ₹18.76 crore. EBITDA margin improved to 18.49% from 15.25% in the previous year. The company also declared a dividend of 18% for FY26.
During FY26, UDTL successfully deployed its Premium Connection Casing Pipes, supplying 7-inch Premium Production Casing to Oil India Limited (OIL) for a gas well in Assam. This marks a significant entry into the premium Oil Country Tubular Goods (OCTG) market. The company also secured significant orders post-financial year-end from ONGC, Vedanta Limited, and Shivganga Drillers Limited, and export opportunities from Brazil, Russia, Taiwan, and Uzbekistan.
UDTL's vision is to be a globally competitive and trusted engineering company for the oil and gas drilling and production industry, focusing on technological innovation, geographical diversification, operational excellence, and financial discipline.
A plain-language summary of a public exchange filing by United Drilling Tools Limited. Read the original for the full detail.