South West Pinnacle Exploration Limited has informed the Exchange about Investor Presentation
South West Pinnacle Exploration Ltd (Formerly known as South West Pinnacle Exploration Pvt Ltd) CIN NO.: L13203HR2006PLC049480 Regd & Corp Office: Ground Floor, Plot No.15, Sector-44, Gurgaon 122003, Haryana, India. T: +91 124 4235400, 4235401 F: +91 124 4235402 E: info@southwestpinnacle.com W: www.southwestpinnacle.com
To, Listing Department Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Script Code: 543986
ISO 9001: 2015 Certified Company
Date: 29.10.2025
To, Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra- Kurla Complex Mumbai 400051 SYMBOL: SOUTHWEST
Subject: Updated Investor’s Presentation
Dear Sir/Madam,
Please find enclosed herewith copy of updated Investor’s Presentation for FY 2025-26.
This is for your information and record.
Thanking You,
For South West Pinnacle Exploration Limited
Vaishali Company Secretary & Compliance Officer
Investor Presentation
October 2025
Snapshot
30+ Lakhs Mtrs Drilled
150+ Successful Projects Deliveries
19 Ongoing Project
19+ Years of Experiences
INR 4,122 Mn Robust Order Book*
15% 3 Year PAT CAGR
12% ROCE
0.51 Debt/ Equity
* Order Book as of 30th September 2025
2
Company Overview
Company Overview
•
•
•
•
Established in 2006, South West Pinnacle is one of India's fastest-growing private exploration
companies, with a strong track record in mineral and unconventional energy resource exploration.
Backed by an experienced leadership team and dynamic workforce, ensuring efficient project execution
and timely delivery.
The company is an integrated service provider offering end-to-end drilling and exploration solutions
across coal, ferrous, non-ferrous, atomic minerals, as well as conventional & unconventional oil and gas
sectors.
Operating Revenue(INR Mn) & EBITDA Margins (%)
1,243
16.25%
1,334
18.52%
1,803
18.64%
1,027
19.77%
FY23
FY24
FY25
H1-FY26
Revenue
EBITDA Margins
It operates a fleet of 40 advanced drill rigs (with capabilities up to 2,500 meters), supported by 15
geoscientists and specialized logging and geophysical survey equipment.
Segment wise Operating Revenue FY25
• Over the past 19 years, the company has successfully completed 150+ projects for both government and
private sector clients, and currently is working on 19 active projects across India.
• With a strong emphasis on Health, Safety & Environment (HSE), it has drilled over 3.0 million meters
without a single Lost Time Injury (LTI) since inception.
Coal Business 25%
Coal Exploration Services 7%
Underground Drilling 1%
Seismic Exploration Services using PST 6%
Non Coal Exploration Services 15%
Aquifer Mapping 15%
•
Its marquee clientele including Reliance, Vedanta, Oil India, CMDI, CGWB, ONGC, Hindustan copper Ltd.
and Hindalco, with operations spanning both domestic and select international markets.
2D/3D Seismic Exploration 1%
CBM Production 30%
4
Journey So Far
• Entered the
• Entered Aquifer Mapping
• Incorporation of
Company
• Commencement of
Drilling operations for Core Drilling
• Kicked off 1st CBM Exploration project
• Entered into niche area of
LDC (Large Diameter Core Drilling - 8 inches core) for Diamond Exploration
• Commenced integrated exploration projects, including geology, geophysics, geological reporting, and drilling.
• Began overseas drilling operations in Oman.
unconventional oil & gas sector, including CBM production drilling.
• Completed 50+
exploratory projects across India.
• Entered the niche
• Submitted the first
segment of Reverse Circulation (RC) drilling.
detailed geological report for coal exploration.
services.
• Listed on NSE EMERGE in 2018; migrated to NSE Main Board in 2019.
• Formed JV in Oman with
35% stake in Alara Resources LLC.
• Entered 3D Seismic Data Acquisition for oil, gas & minerals.
• Entered oil & gas
exploration using Passive Seismic Tomography (PST) technology.
• Awarded a coal block in
Jharkhand with 84 Mn tons of geological reserves.
• Completed 150+ exploration
projects across diverse geographies.
• Executed an iron ore
exploration contract in Bangladesh.
• First company to win an
• Listed on both BSE
integrated coal exploration& seismic project from CMPDI.
and NSE.
• Awarded 11-year, USD125
Mn Copper Mining contract via JV in Oman; operations have commenced.
• Secured Aquifer Mapping
contracts worth over INR1,000 Mn from CGWB.
• Renewed CBM Production
Contract with RIL at twice the previous value.
• Formed a second JV in Oman
(17.5% stake), awarded a mining block.
• Exploration activities started in
mining block in Oman. • Raised capital through a preferential issue of equity/warrant in Feb 2025.
• Put in place second set of
equipment for CBM Production.
• Made strategic investment in Alara Resources Ltd, Australia.
2006-2009
2010-2012
2013-2015
2016-2019
2020-2023
2024 till date
5
Board of Directors
▪ Mr. Vikas Jain has been director on board since its inception and has been the guiding force behind the
strategic decisions, supported by industry experienced professionals to run the business diligently. He has over 22 years of experience in relevant field.
▪ He holds a Master’s in Business Administration from Johnson & Wales University, USA.
Mr. Vikas Jain,
future prospects, client relationships, and administrative affairs.
▪ Mr. Jain primarily focuses on business development, finance, overall strategic planning for growth and
Promoter, MD & Chairman
▪ Mr. Piyush Jain joined the Board of the company in 2009 and has since been directly involved in
developing, planning, scheduling and supervising the operations of the Company.
▪ He has over 15 years of experience in exploration and mining sector and has been efficiently
spearheading the operational responsibilities, including procurement, HSE and other key areas, while also supporting the Company’s business development initiatives.
Mr. Piyush Jain,
▪ He holds MSc in Management & Entrepreneurship from Nottingham Trent University, UK, and a BSc in
Business & Management Studies from IILM, New Delhi affiliated with University of Bradford, UK.
Co-Promoter & Joint Managing Director
6
Board of Directors
Mr. Rajendra Prasad Ritolia, Independent Director
Mrs. Meenakshi Anand, Independent Director
Mrs. Shivi Sabharwal, Independent Director
Mr. Hari Narain Singh Rajpoot, Independent Director
▪ Mr. Rajendra Prasad Ritolia has been
▪ Mrs. Meenakshi Anand has been
▪ Mrs. Shivi Sabharwal has been appointed
appointed as a Non-Executive Director effective August 12, 2024.
appointed as an Independent Director of the Company effective August 14, 2023.
as an Independent Director of the Company effective August 14, 2023.
▪ He is a veteran mining professional,
▪ She is the Proprietor and Principal
honored with awards like the D.D.Thacker Gold Medal and Indira Gandhi Memorial Award (2007),
▪ He holds a Postgraduate degree in Mining from Leoben, Austria (UNO scholarship) and a PG Diploma in Management from AIMA.
▪ Mr. Ritolia previously served as CMD of
Central Coalfields Ltd and as Advisor (Coal) to the Managing Director of Tata Steel Ltd.
Consultant of Career Experts, a 16-year-old HR firm specializing in talent placement, sales and soft skills training, staffing, and HR strategy.
▪ She holds a B.Tech in Chemical
Engineering from Orania University and a PGDEM in Marketing.
▪ She is a Director at Wellness Mandala Pvt. Ltd. (WelM), an organization focused on promoting mental well-being for individuals and businesses.
▪ With over 15 years of diverse experience across the music, media, fashion, and human resources industries, she brings a unique perspective to the board. Mrs. Sabharwal holds a Postgraduate degree in Marketing from Lancaster University, UK.
▪ Mr. Hari Narain Singh Rajpoot has been appointed as an Independent Director effective June 30, 2024.
▪ A fellow member of the ICSI and Associate Of ICMAI. he holds degrees in Science, Law, and a Master’s in Economics With over 44 + years of experience in corporate, securities, and general laws, finance, and management.
▪ He previously led legal at CEAT Ltd, served on the Audit Committee of its Sri Lankan JV, and is now Managing Director of a consulting firm and trustee of RPG Foundation. He also sits on the boards of two listed companies and two NBFCs.
7
Geographical Presence
INDIA
Oman
Haryana
Rajasthan
Uttar Pradesh
Assam
Gujarat
Madhya Pradesh
Chhattisgarh
Jharkhand
Maharashtra
Odisha
Telangana
Andhra Pradesh
Karnataka
Tamil Nadu
Operations
8
Awards
9
Marquee Clients
10
10
Business Overview
Our Key Verticals
CBM EXPLORATION SERVICES
UNDERGROUND DRILLING
CBM PRODUCTION SERVICES
AQUIFER MAPPING
COAL & OTHER MINERALS EXPLORATION SERVICES
GEOLOGICAL & GEOPHYSICAL SERVICES
2D/3D SEISMIC EXPLORATION
12
Business Segment
CBM EXPLORATION SERVICES
CBM PRODUCTION SERVICES
Specialising in identifying and evaluating CBM potential in coal-rich regions through a complete suite of geological and technical services. Process : Including geological surveys, drilling exploratory wells, logging and testing to estimate gas content, and evaluating commercial viability. These services help determine whether CBM extraction is feasible and profitable in a given area. Highlights: • Over 100 CBM core wells completed – Highest in India • Trusted by industry leaders Reliance Industries, Oil India,
Dart Energy
Develop, operate, and maintain specialized infrastructure to extract and produce methane gas from coal beds ensuring safe, continuous, and cost-efficient CBM output. Process : Involves dewatering coal seams to reduce pressure and release methane gas, which is then collected through wells. The gas is compressed, processed, and transported for end use, while production is monitored continuously. Highlights: • 200+ CBM production wells drilled — depths up
to 1,200 meters
• Exclusive partner to Reliance Industries for
• Proven capabilities in India's most challenging basins
CBM production
• CBM Production contract renewed by RIL – Deployed
two imported CBM rigs for this project
COAL & OTHER MINERALS EXPLORATION SERVICES
Comprehensive solutions from exploration to processing, ensuring efficient, compliant, and sustainable mineral recovery. Process : • Exploration & Planning: Surveying, sampling, geological
analysis, mine design
• Drilling & Extraction: Core, RC, DTH & mud rotary drilling
(~30 lakh meters), blasting, hauling
• Processing & Rehab: Safe resource development with
minimal environmental impact
Highlights: • Expertise in core drilling, large diameter core drilling, and non-core methods including reverse circulation (RC), down-the-hole (DTH), and mud rotary drilling.
• Completed ~30 lakh meters of drilling using these
technologies
• Proven expertise in coal (incl. OB removal), ferrous, and non-ferrous mining, with operations across India and a global footprint via a copper/gold JV in Oman
13
Business Segment
2D/3D SEISMIC EXPLORATION
GEOLOGICAL & GEOPHYSICAL SERVICES
A geophysical technique that uses sound waves to map subsurface rock formations crucial for identifying zones rich in oil, gas, or minerals.
Studying the Earth’s structure and composition to locate natural resources, assess ground conditions, and support mining and infrastructure planning.
Process :
Process :
• Generate and send sound waves into the ground
• Collect surface and subsurface data through:
• Capture echoes via sensors to create 2D/3D images of underground
• Geological mapping
structures
• Analyze reflections to pinpoint resource-bearing formations
Highlights:
• Proven capability in 2D/3D Land Seismic Exploration
• Serving sectors: Coal, Oil & Gas
• Equipped with PST Technology for precision seismic mapping
• End-to-end solutions encompassing data acquisition, seamless data
processing, and insightful interpretation and reporting.
• Seismic & resistivity surveys
• Analyze data to interpret formation behavior and resource viability
Highlights:
• Team of 15 experienced geoscientists
• Proven expertise in coal, limestone, atomic minerals, and more
• End-to-end on-site exploration services
• Integrated geological & geophysical capabilities tailored to client needs
14
Business Segment
AQUIFER MAPPING
UNDERGROUND DRILLING
Aquifer mapping involves identifying and visualizing underground water-bearing formations to evaluate groundwater availability, quantity, and quality a critical input for infrastructure, agriculture, and industrial planning.
The process of creating boreholes below the Earth’s surface for mineral exploration, tunneling, or resource access in subsurface environments. It’s a foundational service for mining, infrastructure, and utility projects.
Process :
Multidisciplinary Surveys : Geological, geophysical & remote sensing techniques
Field Validation : Drilling & testing to understand aquifer depth, thickness & yield
Process :
• Mobilize drilling rigs to confined underground sites
• Bore into rock or soil to collect geological core samples
• Create access holes for mining, pipelines, or
Data Integration : Hydrogeology, hydrochemistry & groundwater modeling
structural development
Outcome : Detailed maps and models for water resource planning
Highlights:
• Conduct detailed subsurface evaluation to guide
future extraction
Highlights:
• Delivered aquifer studies for state & national water resource departments
• Entered a new domain underground Drilling
• Proven capability to quantify groundwater potential across diverse terrains
• Order secured from Hindustan Copper Ltd.
• Tailored solutions based on demand scale & hydrogeological behavior
• Commissioned 4 advanced rigs, now operational
• Expanding capabilities to support deep-access mining and critical
infrastructure projects
15
Segmental Revenue Performance
FY-2024
FY-2025
Coal Exploration Services 8%
Coal Business 31%
Underground Drilling 5%
2D/3D Seismic Exploration 4%
CBM Production 20%
Non Coal Exploration Services 32%
Coal Business 25%
Seismic Exploration 6%
Underground Drilling 1%
2D/3D Seismic Exploration 1%
Coal Exploration Services 7%
Non Coal Exploration Services 15%
CBM Production 30%
Aquifer Mapping 15%
Operating Revenue: 1,334 Mn
Operating Revenue: 1,803 Mn
16
Project and order book Details
Segment wise ongoing projects
Aquifer Mapping
Non Coal Exploration Services
Coal Exploration Services
2D/3D Seismic Exploration
CBM Production
Seismic Exploration Services using by Passive Seismic Tomography
Geological & Geophysical Services
Total
Segment wise – Order book
CBM Production
Aquifer Mapping
Seismic Exploration Services using by Passive Seismic Tomography
Non Coal Exploration Services
2D/3D Seismic Exploration
Coal Exploration Services
Total
H1-FY26 Order book: Type (%)
Private 48%
Government 52%
No
7
5
3
1
1
1
1
19
Value (INR Mn)
Order book (INR Mn)
1,364
877
445
825
86
525
4,122
4500 4000 3500 3000 2500 2000 1500 1000 500 0
4,122
3,287
2,607
2,157
FY23
FY24
FY25
H1 FY26
17
Infrastructure
Total Drilling Rigs:
Seismic Equipment:
Geophysical Units:
• 40 state-of-the-art Top Drive Hydrostatic
Drilling Rigs
• 2 best-in-class Schramm rigs for CBM production • 4 newly acquired rigs for underground drilling
• 3 digital 2D/3D Seismic recording systems • Approximately 8,000–8,500 seismic channels • 7 Vibroseis units for seismic excitation
• 3 Geophysical Logging Units • DGPS & total Stations • Specialized geological data processing software
g n
i l l i r D e v i t a u m u C
l
)
M K (
l
a t o T
796
1,050
1,400
1,850
2,000
2,130
2,280
2,600
2,800
3,000
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026 (E)
SWPE completed 29 Lakh meters of drilling, 6.5 Lakh meters of Geophysical Logging, 515 sq.km. of 3D Seismic surveys, 411 LKM of 2D seismic Survey for exploration of Coal, Minerals, Oil & Gas
18
Various Projects Handled
CBM Production DrillingAt Sohagpur, MP For Reliance Industries
CBM Production Drilling for Reliance Industries – completion of 100 wells
CBM Exploratory Drilling at Satpura, MP for Dart Energy
Large Diameter Kimberlite core (8”) for Rio Tinto at Bunder, MP – Drilled by BLY LF230 upto a depth of 352 Meters. Largest coring done in India till date
CBM Production Drilling for Reliance Industries – Multi-Lateral Well
CBM Production Drilling for Reliance Industries – Multi-Lateral Well
Core drilling for Chromitefor Tata Steel Limited
Seismic Project for Coal Exploration
19
Operations in Oman
Rationale
Oman is the second-largest country in the GCC region after Saudi Arabia and is endowed with significant mineral resources including copper, gold, silver, chromite, lead, nickel, manganese, and zinc. However, these reserves remain largely undeveloped due to a historical preference for the oil sector.
The Omani government, aiming to diversify the economy and reduce dependence on oil, established a public authority under the Ministry of Commerce and Industry named Mining Development Oman (MDO) to regulate and expand mining activities, as well as to strengthen private sector involvement in the sector.
The move would also create employment opportunities for Omani nationals
1
4
2
3
The first joint venture was formed in 2018, and the second was established in 2024.
5
The company, recognizing the opportunity, has established two joint venture companies over time to tap into the potential in Oman.
20
Operations in Oman
1st Joint Venture
•
•
This joint venture was formed with Alara Resources, a renowned Australian exploration and mining company, in 2018.
The JV company was awarded an 11-year copper mining contract in 2021–22, with a total contract value of USD 125 million.
• Mining operations commenced in February 2022 and are progressing well.
•
The JV company is also executing various drilling and exploration contracts, generating sizeable revenues and profits.
•
•
•
•
•
Another joint venture was established in 2024, comprising four partners, including Alara Resources Ltd., Australia.
In January 2025, the JV company was awarded Exploration and Mining Block 22-B in Oman, which contains geological reserves
of copper, gold, silver, chromite, and basalt.
As per the agreement executed with the Ministry of Energy and Minerals, Sultanate of Oman, the JV company has been
granted the right to first explore and subsequently exploit the mining block, in accordance with the terms set out in the
agreement.
Exploration activities have since been started and a contract for Airborne geological survey is getting awarded to accelerate the
process.
Given the size of the block and the presence of high-value minerals, the project holds significant potential for the future.
2nd Joint Venture
21
Coal Block Acquisition
Jharkhand
Coal Block Win: Awarded a coal block for commercial mining in Jharkhand
Block Area: Spread across 2.66 sq. km
Estimated Geological Reserves: 84 Million Tonnes (MT)
Coal Grade: W-IV grade coal
Regulatory Progress: DGPS survey completed; PL-cum-ML application submitted which is presently under active consideration
Next Steps: Mine development to accelerate post-license issuance
Production Timeline: Target to commence coal production by FY 2027–28
22
Industry Overview
Industry Overview
The global mineral and energy exploration industry is entering a supercycle, fueled by the rapid transition to clean energy, reindustrialization, and the race to secure critical raw materials. From copper and coal to lithium and rare earths, exploration has become a strategic priority for nations and corporations alike.
Global Market Momentum
The global exploration services industry is projected to cross USD 20.1 billion by 2032, driven by decarbonization, electrification. Global mining giants and national governments are scaling investments to secure long-term reserves of copper, cobalt, gold, and battery minerals. Regions such as Africa, GCC, Central Asia, and South America are emerging as high-priority zones for greenfield exploration.
India’s Untapped Geological Potential
South West Pinnacle’s Strategic Advantage
India has one of the largest unexplored geological basins globally — rich in coal, iron ore, bauxite, and polymetallic deposits. Despite vast reserves, exploration depth remains low, offering strong upside for drilling, seismic surveys, and geophysical studies. Growing domestic demand for power, infrastructure, EVs, and renewables is accelerating the need for reliable mineral sourcing.
Among the few Indian companies with a fully integrated portfolio: CBM production, aquifer mapping, seismic surveys, mineral drilling, and mining services. International presence through joint ventures in Oman, executing large-scale copper and polymetallic mining contracts. Proven execution across 150+ projects, with over 2.8 million meters drilled, and a zero Lost Time Injury (LTI) record – a rare operational benchmark.
Key Industry Tailwinds
Global policy shift toward resource nationalism and localization is pushing early-stage exploration to the forefront. Rising ESG and environmental due diligence standards are boosting demand for structured, scientific exploration. Advancements in seismic imaging, AI-based geological modeling, and precision drilling are transforming the cost-efficiency of exploration.
Market Outlook
The total value of mineral production in India (excluding atomic minerals, minor minerals, and hydrocarbon energy minerals) was estimated at INR 1.41 lakh crore in FY 2023-24. The Indian mineral exploration equipment market was valued at USD 6.73 billion in 2024 and is expected to reach USD 13.45 billion by 2033, registering a CAGR of 7.40% during 2025–2033.
www.wiseguyreports.com, mines.gov.in, www.imarcgroup.com
24
Composition of India’s Metals and Mining Sector
Production of metalic and Non-metallic minerals ( USD Billion)
Share of states in mineral production FY24 (%)
2 4 8
.
6 9 8
.
7 4 9
.
8 2 1
.
5 2 1
.
9 1 Y F
0 2 Y F
1 2 1
.
1 2 Y F
6 9 6
.
6 1 1
.
8 1 Y F
.
2 0 6 1
.
9 6 4 1
.
6 7 2 1
9 3 1
.
7 4 1
.
7 5 1
.
2 2 Y F
P 3 2 Y F
P 4 2 Y F
Metalic Minerals
Non-Metalic Minerals
11
16
1 1
4
1
4
14
45
Odisha
Chhattisgarh
Rajasthan
Karnataka
Jharkhand
Maharashtra
Andhra Pradesh
Gujarat
• The country has large reserves of iron ore, bauxite, chromium, manganese ore, baryte, rare earth and mineral salts.
• Production of metallic minerals in the country was US$ 14.69 billion in FY24P. In the same period, production of non-metallic minerals US$ 1.57 billion in FY24P.
• Odisha was the leading producer of minerals with 45% market share, followed by Chhattisgarh at 14% and Rajasthan at 16%.
www.ibef.org
25
Coal Momentum: Powering India’s Energy Core
•
India’s coal production rose from 728.72 MT in FY19 to 893.08 MT in FY23 (22.6% growth). In FY25 (till Jan), output reached 997.80 MT, with 104.43 MT produced in January alone, up 4.4% y-o-y.
• The power sector consumed 678.54 MT in FY24, a 5.97% increase. However, with demand expected to hit
1,290 MT and production estimated at 1,111 MT by FY25-end, a supply gap remains.
• Captive mining grew due to reforms allowing sale of up to 50% output in the open market, improving
utilization and private sector participation.
• Coal imports rose 7.7% to 268.24 MT in FY24, despite production growth, reflecting the continuing supply-
demand imbalance.
• The government is boosting domestic output through commercial coal block auctions, 100% FDI, and
upgrades in mine evacuation infrastructure like rail and conveyor systems.
• A committee has been formed by the Ministry of Coal to review and speed up project execution timelines,
especially for tendering and approvals.
Coal Production (million tonnes)
5 Years CAGR 6.48%
.
1 9 2 7
.
5 9 9 1 7
.
1 3 7 7 7
.
8 0 3 9 8
.
5 2 7 9 8
.
8 7 9 9
• The GoI targets coal production of 1.40 BT by 2027 and 1.58 BT by 2030, supported by faster clearances,
FY 20
FY 21
FY 22
FY 23
FY 24
FY 25
private investment, and digitized monitoring systems.
India has estimated geological coal reserves of 344 Billion Tons
Coal production in India has crossed 1 Billion Tons mark during FY 2024-25.
Coal continues to be biggest energy source – >70% of power generation comes from coal-based plants presently
Coal is preferred source of energy due to its abundance & affordability
Total installed capacity of power generation expected to more than double by 2029-30
www.ibef.org
Coal is preferred for its affordability and abundance, supporting key non- power industries like cement, fertilizer, and aluminum.
26
Strategic Overview
Key Strengths
01
02
03
04
05
06
Presence Across Various Domains Of Drilling & Exploration
Qualification Credentials
Client Retention
Capability of Successful Projects Deliveries
Experienced Management Team
Robust Order Book
28
Growth Opportunities
Coal & Mineral Exploration
Oil & Gas Exploration
Aquifer Mapping & Groundwater Management
• Over 500 mineral blocks to be auctioned by 2026 • Increased focus on domestic exploration to reduce import dependency
• Large unexplored reserves of coal, iron ore,
bauxite, copper, and rare earths
• 100% FDI allowed in upstream oil & gas sector • Government initiatives like OLAP and Mission
Anveshan to boost exploration
• National Project on Aquifer Management
initiated by CGWB
• High demand for groundwater studies for
• Push toward discovery of new oil-bearing blocks
infrastructure, agriculture, and urban development
• Policy shift enabling private sector participation
• Fiscal incentives to attract investment and
and commercial mining
advanced technology
through seismic surveys
• Growing need for hydrogeological surveys,
modeling, and sustainable resource planning
Unconventional Sources of Energy
International Exploration & Mining
• Significant potential in Coal Bed Methane (CBM),
• Emerging opportunities in mineral-rich regions like
shale gas, and geothermal energy
Africa, Middle East, and Central Asia
• Most unconventional sources in India remain
• Governments abroad increasingly opening up their
underexplored
mining sectors to foreign participation
• Growing energy demand and policy support
• High potential in copper, gold, rare earths, and
accelerating exploration in this space
strategic minerals
29
Strategic Overseas Investments
Expanding in Middle East Asia
•
•
•
•
•
•
• •
Investment A: Alara Resources Ltd (ARL)
Investment B: Al Hadeetha Mining LLC (AHML)
Strategic Outlook
AUD 0.5 Million investment in ARL, an exploration and mining company listed on the Australian Stock Exchange.
ARL holds a 51% share in a JV company in Oman.
This JV is successfully owning and operating a copper and gold mine.
Investment in AHML, a second JV company in Oman, with a 17.50% share.
AHML has been awarded a large mining block by the Ministry of Energy and Minerals, Sultanate of Oman.
The block contains reserves of many precious minerals.
The award is for mining activities including exploration followed by exploitation. Exploration activities have since been started and a contract for Airborne geological survey is getting awarded to accelerate the process.
• Both investments are considered cornerstones with huge potential. • With confirmed allocation of mining blocks, one is already operating commercially and the other is progressing well. •
The future of both investments is very promising.
30
Financial Highlights
Financial & Operational Highlights
Q2-FY26 Financial Performance
Q2/H1-FY26 Financial Performance
INR 624 Mn
INR 145 Mn
INR 23.24%
Operational Revenue
EBITDA
EBITDA Margin
• The Company delivered its best-ever Q2 and H1 performance, recording revenue of INR 624 million and INR 1,027 million, and PAT of INR 84 million and INR 108 million, respectively.
• During this period, the Company secured new orders worth INR 850
INR 84 Mn
INR 13.46%
INR 2.74 /Share
million.
PAT
PAT Margin
Diluted EPS
H1-FY26 Financial Performance
INR 1,027 Mn
INR 203 Mn
INR 19.77%
Operational Revenue
EBITDA
EBITDA Margin
INR 108 Mn
INR 10.52%
INR 3.52 /Share
PAT
PAT Margin
Diluted EPS
• Company has started second phase of CBM Production owing to the revised contract of INR 1.53 billion issued by Reliance Industries Ltd & revenue generation started during Q2.
• The company added two new clients during Q2, expanding its
customer base.
• The current order book of INR 4.12 billion is at all time high & provide
clear road map for next two to three Quarters.
• The Company has participated in several new tenders during the Quarter, which are expected to further strengthen the order book.
• With this strong order book, the Company’s performance is expected to improve further, as Q3 and Q4 are typically the best-performing quarters for the Company.
• Most of the exploration domains are currently operational.
32
Quarterly Consolidated Income Statement
Particulars(in INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Profit Before Share of Profit from JVs
Share of Profit/(Loss) from JVs
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR)
Q2 FY26
Q2 FY25
624
479
145
274
240
34
23.24%
12.41%
9
29
23
102
8
110
26
84
16
25
21
4
1
5
1
4
13.46%
1.46%
1
85
2.74
-
4
0.14
Y-o-Y
128%
NA
NA
NA
(44)%
16%
10%
NA
NA
NA
NA
NA
NA
NA
NA
NA
Q1 FY26
402
344
58
14.43%
11
21
20
28
3
31
7
24
Q-o-Q
55.2%
39.2%
NA
881 Bps
(18.2)%
38.1%
15.0%
NA
NA
NA
NA
NA
5.97%
749 Bps
-
24
0.79
NA
NA
NA
33
Half Yearly Consolidated Income Statement
Particulars(in INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Profit Before Share of Profit from JVs
Share of Profit/(Loss) from JVs
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR)
H1 FY26
1,027
824
203
19.77%
20
51
42
130
11
141
33
108
10.52%
-
108
3.52
H1 FY25
568
486
82
Y-o-Y
81%
70%
NA
14.44%
533 Bps
42
49
44
31
-
31
8
23
4.05%
-
23
0.81
(52)%
4%
(5)%
NA
NA
NA
NA
NA
647 Bps
NA
NA
NA
34
Financial Overview
Historical Consolidated Income Statement
Particulars(INR Mn)
Revenue from Operations
Total Expenses
EBITDA
EBITDA Margins (%)
Other Income
Depreciation
Finance Cost
Profit Before Share of Profit from JVs
Share of Profit/(Loss) from JVs
PBT
Tax
PAT
PAT Margins (%)
Other Comprehensive Income
Total Comprehensive Income
Diluted EPS (INR)
FY23
1,243
1,041
202
FY24
1,334
1,087
247
FY25
1,803
1,467
336
16.25%
18.52%
18.64%
42
72
59
113
4
117
27
90
7.24%
1
91
3.21
24
88
85
98
11
109
26
83
6.22%
-
83
2.96
48
96
87
201
13
214
50
164
9.10%
(1)
163
5.83
H1-FY26
1,027
824
203
19.77%
20
51
42
130
11
141
33
108
10.52%
-
108
3.52
36
EQUITY AND LIABILITIES (INR Mn) Shareholders Funds
FY24 1,215
FY25 1,706
298
1,408
H1-FY26 1,814
298
1,516
Historical Consolidated Balance Sheet
ASSETS (INR Mn) Total Non Current Assets Property, plant & equipment Capital Work-in-progress Right of use assets Investment property Intangible assets under development Goodwill Financial assets (i) Investments (ii) Loans (iii) Other financial assets Other non-current assets Total Current Assets Inventories Financial assets (i)Trade Receivable (ii)Cash and cash equivalents (iii)Other bank balances (iv)Loans (v) Other financial assets Current tax assets (net) Other current assets Assets classified as held for sale Total Assets
FY24 1,003 725 - 17 31 108 1
41 4 71 5 1,346 434
574 6 83 - 19 2 159 69 2,349
FY25 970 625 7 14 28 143 1
53 9 57 33 1,791 462
763 194 216 - 17 2 137 - 2,761
H1-FY26 1,288 901 - 13 27 162 1
92 24 54 14 1,927 483
991 32 228 18 30 2 143 0 3,215
Share Capital
Other Equity
Non Controlling Interest
Non Current Liabilities
Long Term Borrowings
Lease Liability
Provisions
Other Financial Liabilities
Deferred tax liabilities
Other non-current liabilities
Current Liabilities
Short term Borrowings
Trade Payables
Lease Liability
Other Financial Liabilities
Other Current Liabilities
Short term Provisions
Current Tax Liability (Net)
Total Equity & Liabilities
279
936
-
359
257
18
7
7
47
23
775
650
65
2
29
-
203
122
15
8
4
51
3
852
507
187
2
54
297
214
14
9
4
54
2
1104
711
246
2
56
42
15
32
15 74
14
-
15
13
2,349
2,761
3,215
37
EBITDA (INR Mn) & EBITDA Margins (%)
PAT (INR Mn) & PAT Margins (%)
Consolidated Financial Performance
Revenue (INR Mn)
1,803
1,243
1,334
1,027
336
247
18.52%
18.64%
203
19.77%
202
16.25%
FY23
FY24
FY25
H1-FY26
FY23
FY24
FY25
H1-FY26
EBITDA
EBITDA Margins
Net Worth (INR Mn)
1,706
1,814
Debt to Equity
0.75
1,137
1,215
0.55
0.51
0.37
90
7.24%
FY23
83
6.22%
FY24 PAT
164
9.10%
108
10.52%
FY25
H1-FY26
PAT Margins
ROE & ROCE (%)
10%
8%
FY23
12%
7%
FY24
12%
8%
FY25
FY23
FY24
FY25
H1-FY26
FY23
FY24
FY25
H1-FY26
ROE
ROCE
38
Capital Market Information
Share Price Data As on 30th September, 2025
30.0%
20.0%
10.0%
0.0%
-10.0%
-20.0%
-30.0%
Oct-24
Nov-24
Dec-24
Jan-25
Feb-25
Mar-25
Apr-25
May-25
Jun-25
Jul-25
Aug-25
Sep-25
South West pinnacle Exploration Ltd.
Sensex
Price Data (As on 30th September 2025)
Face Value
CMP
52 Week H/L
Market Cap (INR Mn)
No. of Share outstanding (Mn)
1 Year Avg. Trading Volume ('000)
INR
10.00
132.05
167.95/95.60
3,939.05
29.83
79.40
Shareholding Pattern as on 30th September 2025
Public 31.15%
Promoter 68.85%
39
Disclaimer
South west Pinnacle Limited: This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.
Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes (e) investment income, (f) cash flow projections, and (g) other risks.
This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person.
The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.
Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data provided by the Company, which it believes to be reliable. However, Valorem Advisors and the Company expressly disclaim any and all liability for, and do not make any representation or warranty, express or implied, as to, the accuracy, completeness, or fairness of the information contained in this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.
For further details, please feel free to contact our Investor Relations Representatives:
Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: southwest@valoremadvisors.com Investor Kit Link: https://www.valoremadvisors.com/southwest
South West Pinnacle Exploration Ltd. CIN: L13203HR2006PLC049480 Mr. Dinesh Agarwal, CFO dinesh.agarwal@southwestpinnacle.com Tel: +91 124 4235402 www.southwestpinnacle.com
40
Thank You