SOUTHWEST · Q1 FY27 · investor call
SOUTHWEST
Southwest Pinnacle Exploration Ltd reported strong financial performance in Q1 FY27, with revenue up 53.5% YoY and EBITDA margins improving significantly. The company highlighted a robust order book of INR 7,613 Mn, successful project deliveries, and strategic investments in Oman. Management emphasized growth opportunities in coal exploration and international expansion.




Key financials
| Revenue from Operations | ₹61.7 crore | YoY |
| EBITDA | ₹14.9 crore | YoY |
| PAT | ₹9.3 crore | YoY |
Segment commentary
CBM Production Services
The company secured an extension of a CBM contract from RIL, valued over INR 1,660 Mn.
Coal Exploration
Completed exploration activities at the Jharkhand coal block with geological reserves of 84 MT.
Guidance & outlook
- Targeting commencement of coal production by FY27-28.
- Continued focus on international expansion through joint ventures in Oman.
Notable quotes
“The company has a strong emphasis on Health, Safety & Environment (HSE), with zero Lost Time Injuries since inception.”— Vaishali
Key takeaways
- Strong financial performance in Q1 FY27 with significant YoY growth.
- Robust order book and successful project deliveries highlight operational efficiency.
- Strategic investments in international markets position the company for future growth.
Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/SOUTHWEST_21072026083518_presentation.pdf
Full transcript (5,215 words)
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
ISO 9001: 2015 Certified Company F: +91 124 4235402
E: info@southwestpinnacle.com
W: www.southwestpinnacle.com
Date: 21.07.2026
To, To,
Listing Department Listing Department
National Stock Exchange of India Ltd. Bombay Stock Exchange Limited
Exchange Plaza, Phiroze Jeejeebhoy Towers,
5th Floor, Plot No. C/1, G Block, Dalal Street, Mumbai-400001
Bandra- Kurla Complex Scrip Code: 543986
Mumbai 400051
SYMBOL: SOUTHWEST
Subject: Updated Investor’s Presentation
Dear Sir/Madam,
Please find enclosed herewith copy of updated Investor’s Presentation for Q1 FY 2026-27.
This is for your information and record.
Thanking You,
For South West Pinnacle Exploration Limited
Vaishali
Company Secretary & Compliance Officer
Snapshot
165+
33+ Lakhs 20 19+ Years
Successful Projects
MtrsDrilled Ongoing Project of Experiences
Deliveries
INR 7,613 Mn 54% 23% 0.39
Robust Order Book* 3 Year PAT CAGR ROCE Debt/ Equity
* Order Book as of 30thJune 2026
2
Company Overview
• Established in 2006, South West Pinnacle is one of India's fastest-growing private exploration
companies,with a strong track recordin mineral and unconventionalenergyresourceexploration.
• 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
Operating Revenue(INR Mn) & EBITDA
Margins (%)
across coal, ferrous, non-ferrous, atomic minerals, as well as conventional & unconventional oil and gas
2,430
sectors. 1,803
1,334
• It operates a fleet of 43 advanced drill rigs (with capabilities up to 2,500 meters), supported by 15 23.99% 24.15%
18.52% 18.64% 617
geoscientistsand specializedlogging and geophysicalsurvey equipment.
FY24 FY25 FY26 Q1-FY27
• Over the past 19 years, the company has successfully completed 165+ projects for both government
Revenue EBITDA Margins
and private sector clients,and currently is workingon 20 active projectsacross India.
• With a strong emphasis on Health, Safety & Environment (HSE), it has drilled over 3.2 million meters
withouta single LostTime Injury(LTI)sinceinception.
• Its marquee clientele including Reliance, Vedanta, Oil India, CMDI, CGWB, ONGC, Hindustan copper Ltd.
and Hindalco,with operationsspanningbothdomesticand selectinternational markets.
4
Journey So Far
• Incorporation of • Commenced • Entered the • Entered Aquifer Mapping • Entered oil & gas • Secured Aquifer • Made strategic investment in
exploration using Passive Mapping contracts Alara Resources Ltd, Australia.
Company integrated unconventional oil & gas services.
exploration projects, sector, including CBM Seismic Tomography (PST) worth over INR 1,000 • Secured the largest-ever
• Commencement of including geology, production drilling. • Listed on NSE EMERGE in technology. Mn from CGWB. single order valued at INR 307
Drilling operations for 2018; migrated to NSE Main • Awarded a coal block in
geophysics, • Renewed CBM crore from a subsidiary of
Core Drilling • Completed 50+ Board in 2019. Jharkhand with 84 Mn tons
geological reporting, Production drilling Hindustan Zinc Ltd. for core
exploratory projects of geological reserves.
• Kicked off 1st CBM and drilling. • Formed JV in Oman with Contract drilling.
across India. • Completed 150+
Exploration project 35% stake in Alara
• Began overseas exploration projects across • Formed a second JV in • Notified as an accredited
• Submitted the first Resources LLC.
• Entered into niche area drilling operations in diverse geographies. Oman which was prospecting agency by the
detailed geological report
of LDC (Large Diameter Oman. • Entered 3D Seismic Data • Executed an iron ore awarded a mining block Ministry of Coal, Government
for coal exploration.
Core Drilling -8 inches Acquisition for oil, gas & exploration contract in comprising of copper of India, for undertaking coal
• Entered the niche
core) for Diamond minerals. Bangladesh. and gold etc. and lignite exploration
segment of Reverse
Exploration • Listed on both BSE • Exploration activities activities.
Circulation (RC) • First company to win an
and NSE. started in mining block • Coal block exploration work
drilling. integrated coal
• Awarded 11-year, USD125 in Oman. completed,
exploration& seismic
project from CMPDI. Mn Copper Mining contract • Raised capital through a • GR Preparation and other
via JV in Oman; operations preferential issue of development activities are
have commenced. equity/warrant in Feb progressing at full scale.
2025. • Secured extension of CBM
Production contract from RIL
valuing over Rs. 166 Cr.
2006-2009 2010-2012 2013-2015 2016-2019 2020-2023 2024-2025 2025-26 onwards
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. Jain primarily focuses on business development, finance, overall strategic planning for growth and
Mr. Vikas Jain, future prospects, client relationships, and administrative affairs.
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.
▪ He holds MSc in Management & Entrepreneurship from Nottingham Trent University, UK, and a BSc in
Mr. Piyush Jain,
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, Mrs. Meenakshi Anand, Mrs. Shivi Sabharwal, Mr. Hari Narain Singh Rajpoot,
Independent Director Independent Director Independent Director Independent Director
▪ Mr. Rajendra Prasad Ritolia has been ▪ Mrs. Meenakshi Anand has been ▪ Mrs. ShiviSabharwal has been appointed ▪ Mr. Hari NarainSingh Rajpoot has been
appointed as a Non-Executive Director appointed as an Independent Director of as an Independent Director of the appointed as an Independent Director
effective August 12, 2024. the Company effective August 14, 2023. Company effective August 14, 2023. effective June 30, 2024.
▪ He is a veteran mining professional, ▪ She is the Proprietor and Principal ▪ She is a Director at Wellness Mandala Pvt. ▪ A fellow member of the ICSI and Associate
honored with awards like the D.D.Thacker Consultant of Career Experts, a 16-year-old Ltd. (WelM), an organization focused on Of ICMAI. he holds degrees in Science,
Gold Medal and Indira Gandhi Memorial HR firm specializing in talent placement, promoting mental well-being for Law, and a Master’s in Economics With
Award (2007), sales and soft skills training, staffing, and individuals and businesses. over 44 + years of experience in corporate,
HR strategy. securities, and general laws, finance, and
▪ He holds a Postgraduate degree in Mining ▪ With over 15 years of diverse experience
management.
from Leoben, Austria (UNO scholarship) ▪ She holds a B.Techin Chemical across the music, media, fashion, and
and a PG Diploma in Management from Engineering from OraniaUniversity and a human resources industries, she brings a ▪ He previously led legal at CEAT Ltd, served
AIMA. PGDEM in Marketing. unique perspective to the board. Mrs. on the Audit Committee of its Sri Lankan
Sabharwal holds a Postgraduate degree in JV, and is now Managing Director of a
▪ Mr. Ritolia previously served as CMD of
Marketing from Lancaster University, UK. consulting firm and trustee of RPG
Central Coalfields Ltd and as Advisor (Coal)
Foundation. He also sits on the boards of
to the Managing Director of Tata Steel Ltd.
two listed companies and two NBFCs.
7
Geographical Presence
Haryana
Rajasthan Uttar Pradesh Assam
INDIA
Jharkhand
Oman
Gujarat Madhya Pradesh
Chhattisgarh
Odisha
Maharashtra
Telangana
Andhra Pradesh
Karnataka
Tamil Nadu
Operations
8
Our Key Verticals
CBM EXPLORATION SERVICES UNDERGROUND DRILLING
CBM PRODUCTION SERVICES AQUIFER MAPPING
COAL & OTHER MINERALS GEOLOGICAL & GEOPHYSICAL
EXPLORATION SERVICES SERVICES
EXPLORATION USING PASSIVE
2D/3D SEISMIC EXPLORATION
SEISMIC TROMOGRAPHY
12
Business Segment
CBM EXPLORATION SERVICES CBM PRODUCTION SERVICES COAL & OTHER MINERALS EXPLORATION SERVICES
Specialising in identifying and evaluating CBM potential in Comprehensive solutions from exploration to processing,
Develop, operate, and maintain specialized infrastructure
coal-rich regions through a complete suite of geological and ensuring efficient, compliant, and sustainable mineral
to extract and produce methane gas from coal beds
technical services. recovery.
ensuring safe, continuous, and cost-efficient
Process : Process :
CBM output.
Including geological surveys, drilling exploratory wells, • Exploration & Planning: Surveying, sampling, geological
Process :
logging and testing to estimate gas content, and evaluating analysis, mine design
Involves dewatering coal seams to reduce pressure and
commercial viability. These services help determine
• Drilling & Extraction: Core, RC, DTH & mud rotary drilling
release methane gas, which is then collected through wells.
whether CBM extraction is feasible and profitable in a given
(~33 lakh meters), blasting, hauling
The gas is compressed, processed, and transported for
area.
end use, while production is monitored continuously. • Processing & Rehab: Safe resource development with
Highlights:
minimal environmental impact
Highlights:
• Over 200 CBM core wells completed –Highest in India
Highlights:
• 60+ CBM production wells drilled —depths up
• Trusted by industry leaders Reliance Industries, Oil India,
to 1,200 meters • Expertise in core drilling, large diameter core drilling,
Dart Energy
and non-core methods including reverse circulation
• CBM Production drilling contract renewed. Deployed two
• Proven capabilities in India's most challenging basins (RC), down-the-hole (DTH), and mud rotary drilling.
imported CBM rigs for this project
• Completed ~33 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 Studying the Earth’s structure and composition to locate natural resources,
formations crucial for identifying zones rich in oil, gas, or minerals. 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
• Seismic & resistivity surveys
• Analyze reflections to pinpoint resource-bearing formations
• Analyze data to interpret formation behavior and resource viability
Highlights:
Highlights:
• Proven capability in 2D/3D Land Seismic Exploration
• Team of 15 experienced geoscientists
• Serving sectors: Coal, Oil & Gas
• Proven expertise in coal, limestone, atomic minerals, and more
• Equipped with PST Technology for precision seismic mapping
• End-to-end on-site exploration services
• End-to-end solutions encompassing data acquisition, seamless data
• Integrated geological & geophysical capabilities tailored to client needs
processing, and insightful interpretation and reporting.
14
Business Segment
AQUIFER MAPPING UNDERGROUND DRILLING EXPLORATION USING PASSIVE SEISMIC
The process of creating boreholes below the Earth’s surface TROMOGRAPHY (PST)
Aquifer mapping involves identifying and visualizing
for mineral exploration, tunneling, or resource access in
underground water-bearing formations to evaluate
Passive seismic tomography is a geophysical method that
subsurface environments. It’s a foundational service for
groundwater availability, quantity, and quality a critical input
constructs 3D subsurface images by measuring natural or
mining, infrastructure, and utility projects.
for infrastructure, agriculture, and industrial planning.
ambient vibrations (like micro-earthquakes, ocean waves, or
Process :
Process : cultural noise) instead of using artificial sources.
• Mobilize drilling rigs to confined underground sites
Multidisciplinary Surveys : Geological, geophysical Process: It maps geological structures by analyzing the speed
& remote sensing techniques • Bore into rock or soil to collect geological core samples and paths of seismic waves as they travel through the earth.
Instead of using heavy equipment like dynamite or vibroseis
Field Validation : Drilling & testing to understand aquifer depth, • Create access holes for mining, pipelines, or
trucks to create vibrations, this technique uses a portable
thickness & yield structural development
network of seismometers or nodal geophones to listen to
Data Integration : Hydrogeology, hydrochemistry & • Conduct detailed subsurface evaluation to guide the ambient noise of the Earth.
groundwater modeling future extraction
Highlights: :
Outcome : Detailed maps and models for water Highlights:
Successfully completed two large projects of Oil India over a
resource planning
• Entered a new domain underground Drilling period of last three years .
Highlights:
• Order secured from Hindustan Copper Ltd.
• Delivered aquifer studies for state & national water resource
• Commissioned 4 advanced rigs, now operational
departments
• Expanding capabilities to support deep-access mining
• Proven capability to quantify groundwater potential across
and critical infrastructure projects
diverse terrains
• Tailored solutions based on demand scale & hydrogeological
behavior
15
Project and order book Details
Number of Q1-FY27 Order book: Type (%)
Segment wise ongoing projects
Projects
Survey And Exploration of Mineral 12
Government
AQUAFIR MAPING 6 23%
CBM Production 1
Seismic Exploration Services using by Passive Seismic Tomography 1
Private
77%
Total 20
Segment wise –Order book Value (INR Mn) Order book (INR Mn)
CBM Production 2,222
8000 7,613
AQUAFIR MAPING 575
5,812
Seismic Exploration Services using by Passive Seismic Tomography 72 6000
Seismic& Coal Drilling 238 4000 3,287
2,157
Survey And Exploration of Mineral 4,506
2000
Total 7,613
0
FY24 FY25 FY26 Q1-FY27
16
Infrastructure
Total Drilling Rigs: Seismic Equipment: Geophysical Units:
• 43 state-of-the-art Top Drive Hydrostatic • 3 digital 2D/3D Seismic recording systems • 4 Geophysical Logging Units
Drilling Rigs • Approximately 8,000–8,500 seismic channels • DGPS & total Stations
• 2 best-in-class Schramm rigs for CBM production • 1 Vibroseisunits for seismic excitation • Specialized geological data processing software
g
n
illir
D 3,200 3,300
e 2,800
v 2,600
a t i M ) 1,850 2,000 2,130 2,280
ul
K 1,400
m(
1,050
u 796
C
al
t
o
T
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Q1-FY27
SWPE completed 33 Lakh meters of drilling, 6.5 Lakhmeters of Geophysical Logging, 515 sq.km. of 3D Seismic surveys, 411 LKMof2D seismicSurvey forexplorationofCoal,Minerals,Oil&Gas
17
Various Projects Handled
CBMProductionDrillingAt Sohagpur, CBM Production Drilling for CBM Exploratory Drilling at Large Diameter Kimberlite core (8”) for Rio
MP ForReliance Industries Reliance Industries–completion Satpura, MP for Dart Energy Tinto at Bunder, MP – Drilled by BLY LF230
of100wells upto a depth of 352 Meters. Largest coring
done in India till date
CBM Production Drilling for Reliance CBM Production Drilling for Reliance CoredrillingforChromitefor Seismic Project for Coal Exploration
Industries –Multi-Lateral Well
Industries –Multi-Lateral Well TataSteel Limited
18
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.
1
The Omani government, aiming to diversify the
economy and reduce dependence on oil, established a
2
public authority under the Ministry of Commerce and
Industry named Mining Development Oman (MDO)to
regulate and expand mining activities, as well as to 5 The first joint venture was formed in 2018, and
strengthen private sector involvement in the sector.
the second was established in 2024.
3
4
The move would alsocreate employment The company, recognizing the opportunity, has established
opportunitiesfor Omani nationals twojoint venture companies over time to tap into the
potential in Oman.
19
Operations in Oman
• 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.
1st Joint
• Mining operations commenced in February 2022 and are progressing well.
Venture
• The JV company is also executing various drilling and exploration contracts with 4 rigs, generating sizeable revenue and profit.
• 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
2nd Joint
granted the right to first explore and subsequently exploit the mining block, in accordance with the terms set out in the
Venture
agreement.
• Exploration activities have since been started and a contract for Airborne geological survey has since been completed. The data
analysis & report is under preparation.
• Given the size of the block and the presence of high-value minerals, the project holds significant potential for the future.
20
Coal Block Acquisition
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. The company has been notified as an
accredited prospecting agency by the Ministry of Coal, Government of India, for carrying
Jharkhand
out prospecting operations for coal and lignite exploration during the year. Accordingly,
exploration activities at coal blocks have since been completed.
GR is being finalised for its early submission.
Mining plan preparation, along with other related activities, shall be put on fast track post
completion of exploration.
Production Timeline: Target to commence coal production by FY 2027–28
21
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.
The Mineral Exploration Services Market was valued at USD 10.31 billion in 2024, expected to grow from USD 10.84 billion in 2025to USD 18 billion by 2035, at a CAGR
Global Market of approximately 5.2%.
Momentum 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
India has one of the largest unexplored geological basins globally —rich in coal, iron ore, bauxite, and polymetallic deposits.
Untapped
Despite vast reserves, exploration depth remains low, offering strong upside for drilling, seismic surveys, and geophysical studies.
Geological
Growing domestic demand for power, infrastructure, EVs, and renewables is accelerating the need for reliable mineral sourcing.
Potential
South West
Among the few Indian companies with a fully integrated portfolio: CBM production, aquifer mapping, seismic surveys, mineral drilling, and mining services.
Pinnacle’s
International presence through joint ventures in Oman, executing large-scale copper and polymetallic mining contracts.
Strategic
Proven execution across 165+ projects, with over 3.3 million meters drilled, and a zero Lost Time Injury (LTI) record –a rare operational benchmark.
Advantage
Global policy shift toward resource nationalism and localization is pushing early-stage exploration to the forefront.
Key Industry
Rising ESG and environmental due diligence standards are boosting demand for structured, scientific exploration.
Tailwinds
Advancements in seismic imaging, AI-based geological modeling, and precision drilling are transforming the cost-efficiency of exploration.
India’s mining sector is poised for sustained growth, supported by rising demand for critical minerals, infrastructure expansion, and policy-led acceleration in
Market exploration activity.
Outlook The mining equipment market is projected to grow from ~USD 6.4 billion in 2024 to ~USD 11.34 billion by 2033 (CAGR ~6.05%), driving strong demand for exploration
and drilling services.
www.wiseguyreports.com, mines.gov.in, www.imarcgroup.com
23
Composition of India’s Metals and Mining Sector
Share of states in mineral production FY26 (%)
Production of metalicand Non-metallic minerals ( USD Billion)
2 5 6
0
. 6 9 3 0 4
1
6
6
.4
1
.5
1
Odisha
7 .2 38 Chhattisgarh
1 10
Rajasthan
7
6 4
6
2 4
.8
9 .8 .9 2 2
.8
Karnataka
9
Jharkhand
.6
6 1 .1 8 2 .1 5 2 .1 1 2 .1 9 3 .1 7 4 .1 7 5 .1 5 .1 9 7
.0
Maharashtra
Others
23
8 9 0 1 2 3 4 5 *
1 1 2 2 2 2 2 2 6
Y F Y F Y F Y F Y F Y F Y F Y F 2 Y 14
F
Metalic Minerals Non-Metalic Minerals
*Until September 2025; Source: Ministry of Mines
• India has significant reserves of iron ore, bauxite, chromite, manganese, and rare earth minerals, supporting long-term mining growth.
• Mineral production continues to scale, led by iron ore output of ~289 million tonnes in FY2024–25, with iron ore contributing ~70% of total mineral
production by value.
• Odisha remains the largest mining state, contributing ~38% of India’s mineral production value and over 50% of iron ore output.
www.ibef.org
24
Coal Momentum: Powering India’s Energy Core
Coal Production (million tonnes)
• India’s coal production reached a record 1,047.52 MT in FY2024–25, growing ~5% YoY
from 997.83MT,marking the highesteveroutput.
5 Years CAGR 7.5%
• Coal remains central to India’s energy ecosystem, contributing ~55% of total energy mix
5
and ~70%ofpowergeneration,with demandexpectedat ~1.5–1.8billiontonnesby2030. 8 .7
.7 4
2 9 0
• Improved domestic production has reduced import dependence, with coal imports .3 9 ,1
2 9
declining~7.9%in FY2024–25. 9 1 .8 8
.0 .6 7
3 1 7
7 7
• Policy reforms including commercial mining, 100% FDI, and faster approvals are
accelerating private sector participation.
• The Government of India targets coal production of ~1,404 MT by 2027 and ~1,577 MT by
2030,ensuring long-termsupplyvisibility.
FY 20 FY 21 FY 22 FY 23 FY 24 FY 25
Coal
Coal continues Coal is preferred
India has
production
to be biggest energy Total installed for its affordability
estimated
in India has
source – >70% of capacity of power and abundance,
geological coal
crossed 1
power generation generation expected supporting key non-
reserves
Billion Tons
comes from coal- to more than double power industries like
of 344 Billion
mark during FY
based plants by 2029-30 cement, fertilizer,
Tons
2024-25.
presently and aluminum.
www.ibef.org
25
Key Strengths
01
02
03
04
05
06
PresenceAcrossVarious
Client
Qualification
Domains OfDrilling
Retention
Credentials
& Exploration
Capability of
Successful
ProjectsDeliveries Experienced Robust
ManagementTeam OrderBook
27
Growth Opportunities
Coal & Mineral Exploration Oil & Gas Exploration Aquifer Mapping & Groundwater Management
• Over 500 mineral blocksare up for auction by the
Government of India. • 100% FDI allowed in upstream oil & gas sector • National Project on Aquifer Management
• Increased focus on domestic exploration to • Government initiatives like OLAP and Mission initiated by CGWB
reduce import dependency Anveshanto boost exploration • High demand for groundwater studies for
• Large unexplored reserves of coal, iron ore, • Push toward discovery of new oil-bearing blocks infrastructure, agriculture, and urban development
bauxite, copper, and rare earths through seismic surveys • Growing need for hydrogeological surveys,
• Policy shift enabling private sector participation • Fiscal incentives to attract investment and modeling, and sustainable resource planning
and commercial mining advanced technology
• Government of India is giving lots of impetus for
exploration of rare earth and critical minerals in wake
of present geo political situation globally.
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
• Copper is now viewed as new oil of electrification, will
have robust demand in coming decade.
28
Strategic Overseas Investments
Expanding in Middle East Asia
Investment A:
• AUD 0.5 Million investment in ARL, an exploration and mining company listed on the Australian Stock Exchange.
Alara Resources Ltd
• To Reinforce strategic investment, company is participating in on going rights issue of ARL.
(ARL)
• 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.
Investment B:
• The block contains reserves of copper & many other precious minerals.
Al Hadeetha Mining LLC
(AHML) • 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.
Strategic Outlook
• Both the above recent investments along with the earlier investment in Alara Resources LLC, are considered cornerstones with huge potentials.
• 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.
29
Financial & Operational Highlights
Operational Highlights
• Company commences operations to execute single largest order
value ofINR3,070 Mn.in the State of Rajasthan.
• Company wins extension of CBM contract from RIL valuing over INR
Q1-FY27 Financial Performance
1,660 Mn.
• Orderbookstandsat all time high at INR7,613 Mn.
• To cope up with the enhanced business requirement, company has
INR 617 Mn INR 149 Mn INR 24.15%
placedordersfor newrigs andotherequipments.
Operational Revenue EBITDA EBITDA Margin
• Company empaneled by Oil India Limited for providing 2D/3D Seismic
+53.5% YoY +156.9% YoY +972 Bps YoY
Data AcquisitionServices across OIL'sonshore.
• Jharkhand coal block exploration completed , definitive GR under
INR 93 Mn INR 15.07% INR 3.06/Share
preparation.
PAT PAT Margin Diluted EPS
• Balance 75% amount of warrants , issued on preferential basis
+287.5% YoY +910 Bps YoY +287.3% YoY
receivedand convertedintoequityshares.
• 20 Operations across 8 States running smoothly with Zero (0) LTIs
(LossTimeInjuries).
• Air borne survey (a latest technique for faster exploration in large
mining blocks ) completed under Oman second JV , GR under
preparation.
• To reinforce its Strategic investment , company is participating in
ongoingRights issueof Alara ResourcesLtd , Australia.
31
Quarterly Consolidated Income Statement
Particulars(inINRMn) Q1 FY27 Q1 FY26 Y-o-Y
Revenue from Operations 617 402 53.5%
Total Expenses 468 344 36.0%
EBITDA 149 58 NA
EBITDA Margins (%) 24.15% 14.43% 972 Bps
Other Income 4 11 (63.6)%
Depreciation 30 21 42.9%
Finance Cost 17 20 (15.0)%
Profit Before Share of Profit from JVs 106 28 NA
Share of Profit/(Loss) from JVs 13 3 NA
PBT 119 31 NA
Tax 26 7 NA
PAT 93 24 NA
PAT Margins (%) 15.07% 5.97% 910 Bps
Other Comprehensive Income 6 - NA
Total Comprehensive Income 99 24 NA
Diluted EPS (INR) 3.06 0.79 NA
32
Historical Consolidated Income Statement
Particulars(INRMn) FY24 FY25 FY26 Q1-FY27
Revenue from Operations 1,334 1,803 2,430 617
Total Expenses 1,087 1,467 1,847 468
EBITDA 247 336 583 149
EBITDA Margins (%) 18.52% 18.64% 23.99% 24.15%
Other Income 24 48 36 4
Depreciation 88 96 114 30
Finance Cost 85 87 84 17
Profit Before Share of Profit from JVs 98 201 421 106
Share of Profit/(Loss) from JVs 11 13 14 13
PBT 109 214 435 119
Tax 26 50 105 26
PAT 83 164 330 93
PAT Margins (%) 6.22% 9.10% 13.58% 15.07%
Other Comprehensive Income - (1) (1) 6
Total Comprehensive Income 83 163 329 99
Diluted EPS (INR) 2.96 5.83 10.82 3.06
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Historical Consolidated Balance Sheet
ASSETS(INRMn) FY24 FY25 FY26 EQUITYANDLIABILITIES(INRMn) FY24 FY25 FY26
Total Non Current Assets 1,003 970 1,378 Shareholders Funds 1,215 1,706 2,035
Property, plant & equipment 725 625 918
Share Capital 279 298 298
Capital Work-in-progress - 7 4
Other Equity 936 1,408 1,737
Right of use assets 17 14 11
Non Controlling Interest - -
Investment property 31 28 26
Intangible assets under development 108 143 193 Non Current Liabilities 359 203 229
Goodwill 1 1 1 Long Term Borrowings 257 122 160
Financial assets
Lease Liability 18 15 13
(i) Investments 41 53 90
Provisions 7 8 4
(ii) Loans 4 9 26
Other Financial Liabilities 7 4 3
(iii) Other financial assets 71 57 86
Other non-current assets 5 33 23 Deferred tax liabilities 47 51 47
TotalCurrentAssets 1,346 1,791 1,943 Other non-current liabilities 23 3 2
Inventories 434 462 509
Current Liabilities 775 852 1,057
Financial assets
Short term Borrowings 650 507 626
(i)Trade Receivable 574 763 1,166
Trade Payables 65 187 232
(ii)Cash and cash equivalents 6 194 13
Lease Liability 2 2 3
(iii)Other bank balances 83 216 104
(iv)Loans - - Other Financial Liabilities 29 54 60
(v) Other financial assets 19 17 32 Other Current Liabilities 15 74 60
Current tax assets (net) 2 2 4
Short term Provisions 14 15 20
Other current assets 159 137 115
Current Tax Liability (Net) - 13 56
Assets classified as held for sale 69 -
TotalAssets 2,349 2,761 3,321 TotalEquity& Liabilities 2,349 2,761 3,321
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Consolidated Financial Performance
Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margins (%)
PAT (INR Mn) & PAT Margins (%)
2,430 330
583
1,803
15.07%
1,334 336 24.15% 164
247
617 149 83 13.58% 93
23.99%
18.52% 18.64% 9.10%
6.22%
FY24 FY25 FY26 Q1-FY27 FY24 FY25 FY26 Q1-FY27
FY24 FY25 FY26 Q1-FY27
PAT PAT Margins
EBITDA EBITDA Margins
Net Worth (INR Mn) Debt to Equity ROE & ROCE (%)
23%
0.75
2,035
16%
1,706
12%
1,215 0.37 0.39 16%
10%
7%
FY24 FY25 FY26
FY24 FY25 FY26 FY24 FY25 FY26 ROE ROCE
36
Capital Market Information
100.0%
Share Price Data As on 30thJune, 2026
80.0%
60.0%
40.0%
20.0%
0.0%
-20.0%
-40.0%
Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26
South West pinnacle Exploration Ltd. Sensex
Price Data (As on 30thJune 2026) INR
Shareholding Pattern as on 30thJune2026
Face Value 10.00
CMP 216.30
52 Week H/L 287.95/120.55
Public
35.19% Promoter
Market Cap (INR Mn) 6,452.23
64.81%
No. of Share outstanding (Mn) 29.83
1 Year Avg. Trading Volume ('000) 249.02
37
Disclaimer
South west Pinnacle Limited:
Thispresentationdoesnotconstituteorformpartofanyofferorinvitationorinducementtosellorissue,oranysolicitationofanyofferorrecommendationtopurchaseorsubscribe for,anysecuritiesoftheCompany,
norshallitoranypartofitorthefactofitsdistributionformthebasisof,orbereliedoninconnectionwith,anycontractorcommitmentthereof.In particular,thispresentationisnotintendedtobeaprospectusoroffer
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
correctnessoftheinformationoropinionscontainedinthispresentation.Such informationandopinionsareinalleventsnotcurrentafterthedateofthispresentation.Thereisnoobligationtoupdate,modifyoramend
thiscommunicationortootherwisenotify therecipientiftheinformation,opinion,projection,forecastorestimatesetforthherein,changesorsubsequentlybecomesinaccurate.
Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” Youcan generally identify forward looking statementsby 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.
Theseforward-lookingstatementsinvolveknownandunknownrisks,uncertainties,assumptionsand otherfactorsthatmaycausetheCompany’sactualresults,performanceorachievementstobemateriallydifferentfrom
any futureresults, performance or achievements expressed or implied by such forward-lookingstatements or otherprojections. Important factors that could cause actual results, performanceor 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)
investmentincome,(f)cashflowprojections,and(g)otherrisks.
Thispresentation isforgeneral information purposes only,withoutregardtoanyspecificobjectives,financialsituationsorinformationalneedsofanyparticularperson.
TheCompanymayalter,modifyorotherwisechangeinanymannerthecontentofthispresentation,withoutobligationtonotifyanypersonofsuchchangeorchanges.
ValoremAdvisorsDisclaimer:
ValoremAdvisorsisanIndependentInvestorRelationsManagementServicecompany.ThisPresentationhasbeenpreparedbyValoremAdvisorsbasedoninformationanddataprovidedbytheCompany,whichitbelieves
tobereliable.However,ValoremAdvisorsandtheCompanyexpresslydisclaimanyandallliabilityfor,anddonotmakeanyrepresentationorwarranty,expressorimplied,asto,theaccuracy,completeness,orfairnessof
theinformationcontainedinthisPresentation.ThisPresentationmaynotbeallinclusiveandmaynotcontainalloftheinformationthatyoumayconsidermaterial.Anyliabilityinrespectofthecontentsof,oranyomission
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: South West Pinnacle Exploration Ltd.
CIN:L13203HR2006PLC049480
Mr. Anuj Sonpal Mr. Dinesh Agarwal, CFO
Valorem Advisors dinesh.agarwal@southwestpinnacle.com
Tel:+91-22-3507 5100
Tel:+911244235402
Email: southwest@valoremadvisors.com
www.southwestpinnacle.com
Investor Kit Link: https://www.valoremadvisors.com/southwest
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