Shares of South West Pinnacle Exploration Ltd hit the 20% upper circuit on Wednesday, October 30, climbing to a fresh 52-week high of Rs 172.38 on the NSE. The stock traded at Rs 171.00, up 19.04%, supported by robust Q2 FY26 earnings and strong operational momentum in its drilling and exploration business.
The surge came after the company reported a sharp improvement in profitability and margins for the September quarter. South West Pinnacle posted a 3x jump in revenue YoY, alongside a significant expansion in EBITDA and PAT margins, reflecting stronger utilisation and order execution.
Q2 FY26 performance highlights
The company’s consolidated revenue for Q2 FY26 stood at Rs 624 million, up from Rs 274 million YoY. EBITDA rose more than four-fold to Rs 144 million versus Rs 34 million in Q2 FY25, taking the EBITDA margin to 23.08% from 12.41% a year ago.
Net profit surged to Rs 84 million, compared with Rs 4 million YoY, translating into a PAT margin of 13.46% versus 1.46% in the same period last year. For the first half of FY26, PAT stood at Rs 108 million, significantly higher than Rs 23 million in H1 FY25.
Stock performance
The counter has shown sustained strength over time, gaining 6.74% in the past week and 9.20% over the last month. On a one-year basis, the stock has advanced 23.64%, while its five-year return stands at a notable 265.89%.
With improving earnings visibility and a healthy margin profile, market participants continued to show confidence in the stock post the quarterly update.
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