India's South West Pinnacle surges to 20-month high on quarterly profit jump

South West Pinnacle Exploration

30/10/2025 04:35

** Shares of South West Pinnacle Exploration SWPI.NS surge 20% to 172.38 rupees apiece, highest in 20 months

** Drilling and exploration services provider posts consolidated net profit of 83.57 million rupees ($950,793.56) in the September quarter, compared to 4.03 million rupees in the year-ago period

** Revenue from operations more than doubles to 624.45 million rupees from 273.6 million rupees

** During the quarter, SWPI bagged new orders worth 850 million rupees and added two new clients

** Current order-book is at 4.12 billion rupees, providing a clear road map for earnings in the next two to three quarters, SWPI's management says

** SWPI's shares are down 4.4% in 2025 so far, exchange data shows

($1 = 87.8950 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))