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United Drilling Tools announced that the 41th Annual General Meeting (AGM) of the company will be held on 26 September 2023.

United Drilling Tools schedules AGM

United Drilling Tools announced that the Board of Directors of the Company at its meeting held on 14 August 2023, has recommended a First Interim dividend of Rs.0.60 per share (i.e.6%), subject to the approval of the shareholders.

Board of United Drilling Tools recommends First Interim Dividend

United Drilling Standalone June 2023 Net Sales at Rs 20.88 crore, down 43.01% Y-o-Y

United Drilling Consolidated June 2023 Net Sales at Rs 17.59 crore, down 52.63% Y-o-Y

The said offers a significant opportunity to UNDTL to pursue for its product line in near future.  Earlier, UDTL has also supplied wireline winches in some other countries such as Malaysia, Nigeria & Vietnam etc. Further, UDTL has bid for orders in the overseas market and has commenced bidding in the oil & gas sector and negotiations are underway with multiple entities.Pramod Kumar Gupta, chairman-cum-managing director, said, “It is a delight to get one of the best overseas order form Mexicos state-owned Ms PEMEX, intergrated oil & gas company. We are expecting some other substantial orders from the international market which will help increase our global market share as well as presence in these untapped markets. This is a major breakthrough in the international market for UDTL and it will help in introducing further products in international markets, resulting in higher growth of UDTL in the forthcoming years. The company continues to strengthen its position as a trusted oil drilling equipment company and still focuses on broadening it product portfolio by reguIar R&Ds and to stay competitive in international markets.” United Drilling Tools is a leading manufacturer of Oil Drilling related Equipments in the country. The company has obtained Global quality standards for its major products.The companys consolidated net profit declined 60.3% to Rs 2.85 crore on 44.8% fall in net sales to Rs 22.42 crore in Q4 FY23 over Q4 FY22.

United Drilling Tools spurts on bagging overseas order 

Kacholia had held 5.7 lakh shares or 2.81 percent stake in the company as of March 2023. The stock fell 2.5 percent to Rs 190.

Bulk deals | Ashish Kacholia pares his stake by 0.78% stake in United Drilling Tools

United Drilling Consolidated March 2023 Net Sales at Rs 22.42 crore, down 44.78% Y-o-Y

United Drilling Standalone March 2023 Net Sales at Rs 21.93 crore, down 44.8% Y-o-Y

United Drilling Tools announced that the Board of Directors of the Company at its meeting held on 11 February 2023, has recommended a Second Interim dividend of Rs.0.60 per share (i.e.6%), subject to the approval of the shareholders.

Board of United Drilling Tools recommends Second Interim Dividend

United Drilling Consolidated December 2022 Net Sales at Rs 26.51 crore, down 49.16% Y-o-Y

United Drilling Tools Ltd. manufactures drilling tools and equipment. The firm’s product portfolio includes Casing Pipe with connectors, Wireline Winches, Gas Lift Equipment and Stabilizer. Its products include Wireline Winch, Artificial Gas Lift Equipment, Down Hole Tools and High Performance Connectors. The company was founded on May 24, 1985 and is headquartered in Noida, India.

Watchers	5
52-Wk Low	168.35
52-Wk High	360.45

Market Cap	5.16B
Volume (M)	46,637.00
52-Wk High	360.45
52-Wk Low	168.35

UNIDT.NSE United Drilling Tools Ltd.

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