Integrated Filing — IndAS



General information about company

Scrip Code 500378
NSE Symbol JINDALSAW
MSEI Symbol NOTLISTED
ISIN INE324A01032
Name of company Jindal Saw Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 14-07-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-07-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Iron and Steel
Start date and time of board meeting 14-07-2026   12:30:00
End date and time of board meeting 14-07-2026   15:00:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 4,45,231.00 4,45,231.00
Other income 2,367.00 2,367.00
Total income 4,47,598.00 4,47,598.00
2 Expenses
(a) Cost of materials consumed 2,71,126.00 2,71,126.00
(b) Purchases of stock-in-trade 72.00 72.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,626.00) (2,626.00)
(d) Employee benefit expense 42,761.00 42,761.00
(e) Finance costs 10,843.00 10,843.00
(f) Depreciation, depletion and amortisation expense 16,370.00 16,370.00
(f) Other Expenses
1 Other expenses 94,228.00 94,228.00
Total other expenses 94,228.00 94,228.00
Total expenses 4,32,774.00 4,32,774.00
3 Total profit before exceptional items and tax 14,824.00 14,824.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 14,824.00 14,824.00
6 Tax expense
7 Current tax 4,196.00 4,196.00
8 Deferred tax 1,012.00 1,012.00
9 Total tax expenses 5,208.00 5,208.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 9,616.00 9,616.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (537.00) (537.00)
16 Total profit (loss) for period 9,079.00 9,079.00
17 Other comprehensive income net of taxes (373.00) (373.00)
18 Total Comprehensive Income for the period 8,706.00 8,706.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 10,417.00 10,417.00
Total profit or loss, attributable to non-controlling interests (1,338.00) (1,338.00)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 10,044.00 10,044.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests (1,338.00) (1,338.00)
21 Details of equity share capital
Paid-up equity share capital 6,395.00 6,395.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.63 1.63
Diluted earnings (loss) per share from continuing operations 1.63 1.63
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.63 1.63
Diluted earnings (loss) per share from continuing and discontinued operations 1.63 1.63
24 Debt equity ratio 0.2900 0.2900
25 Debt service coverage ratio 1.6900 1.6900
26 Interest service coverage ratio 3.8300 3.8300
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1. Jindal ITF Limited (JITF), a Subsidiary of the Company, is in an appeal before the divisional bench of Hon’ble High Court of Delhi against the judgment of single judge setting aside the Arbitral Award of Rs. 1,891.08 crores plus interest and applicable taxes in favour of the Subsidiary, the matter has been heard and order is reserved by the divisional bench of Hon’ble High Court. Based on the advice received after due consideration and consultation with a reputed independent legal counsel on the matter, the management of the Holding Company believes that it has an extremely strong case leading to an ultimate favourable outcome, and the Subsidiary will be in a position to meet all its liabilities and is in a position to monetise all its assets at carrying values and accordingly, no adjustments are required to be made in the consolidated financial results as at and for the quarter ended June 30, 2026 and the Subsidiary is able to operate as a going concern. 2. The Group has only one reportable business segment i.e. “Iron & Steel products” and accordingly, no segment information is required to be disclosed. 3. Current tax expense for the quarter ended June 30, 2025 and year ended March 31, 2026 is net of tax refund receivable on account of additional claims pertaining to earlier years adjudicated to the Holding Company by the Appellate Authority amounting to Rs. 133.55 crores. 4. The Group consolidated financial results includes the results of the following entities: Relationship Name of the Entities Holding Company Jindal Saw Limited Trust Samruddhi Employees Trust Subsidiaries Direct Subsidiaries a) Jindal ITF Limited b) Jindal Metals & Alloys Limited c) S.V. Trading Limited, Nevis d) Ralael Holdings Limited, Cyprus e) Jindal Saw Holding FZE, UAE f) JITF Shipyards Limited Indirect Subsidiaries a) Jindal Saw USA LLC, USA b) Jindal Saw Middle East FZE, UAE c) Jindal Saw Gulf LLC, UAE d) Jindal Intellicom Limited e) iCom Analytics Limited f) World Transload & Logistics LLC, USA g) 5101 Boone LLP, USA h) Tube Technologies INC, USA i) Helical Anchors INC, USA j) Boone Real Property Holding LLC, USA k) Drill Pipe International LLC, USA l) Jindal X LLC, USA m) Jindal Seamless Pipe Manufacturing LLC, UAE Joint Ventures a) Jindal Hunting Energy Services Limited b) Jindal Saw and Buhur Altavision Company, KSA 5. The figures of the quarter ended March 31, 2026 are the balancing figures between the audited figures for the financial year ended March 31, 2026 and the published unaudited figures for the nine months ended December 31, 2025. 6. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on July 14, 2026. By Order of the Board For JINDAL SAW LIMITED Place: New Delhi Sminu Jindal Date: July 14, 2026 Managing Director DIN: 00005317



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement losses on defined benefit plans (127.00) (127.00)
Total Amount of items that will not be reclassified to profit and loss (127.00)
2 Income tax relating to items that will not be reclassified to profit or loss (32.00) (32.00)
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translating the financial statements of foreign operations (281.00) (281.00)
2 Debt instruments through other comprehensive income 3.00 3.00
Total Amount of items that will be reclassified to profit and loss (278.00)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (373.00) (373.00)