JINDALSAW2023-10-012023-12-31 JINDALSAW2023-10-012023-12-31 JINDALSAW2023-10-012023-12-31in-bse-fin:OneOperatingExpenses01Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourOperatingExpenses01Member JINDALSAW2023-12-31 JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue01Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue02Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentRevenue03Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue01Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue02Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourReportableSegmentRevenue03Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults01Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults02Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentResults03Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults01Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults02Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourReportableSegmentResults03Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets01Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets02Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentAssets03Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member JINDALSAW2023-12-31in-bse-fin:OneReportableSegmentLiabilities01Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member JINDALSAW2023-12-31in-bse-fin:OneReportableSegmentLiabilities02Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member JINDALSAW2023-12-31in-bse-fin:OneReportableSegmentLiabilities03Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member JINDALSAW2023-10-012023-12-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member JINDALSAW2023-10-012023-12-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500378 JINDALSAW NOTLISTED Jindal Saw Limited Equity 2023-04-01 2024-03-31 2024-01-16 2024-01-08 INR Crores Third quarter 12:30:00 13:50:00 2024-01-16 2024-01-16 Not applicable Multi segment 2023-10-01 2023-12-31 Unaudited Consolidated 56557900000.00 409700000.00 56967600000.00 31488800000.00 7000000.00 832800000.00 3867000000.00 1811900000.00 1485500000.00 10474700000.00 49967700000.00 6999900000.00 0.00 6999900000.00 457100000.00 1415300000.00 1872400000.00 0.00 5127500000.00 0.00 0.00 0.00 -10700000.00 5116800000.00 -69700000.00 5047100000.00 5315600000.00 -198800000.00 5245800000.00 -198700000.00 639500000.00 2 16.72 16.72 0.00 0.00 16.72 16.72 0.01 0.05 0.06 Notes: 1. Jindal ITF Limited, subsidiary of the company, had won an arbitral award allowing various claims to the tune of Rs. 1,891.08 crores plus interest and applicable taxes. During the financial year 2019-20, the subsidiary had filed enforcement application under section 36 of Arbitration and Conciliation Act, 1996, for the execution of arbitral award being pronounced in favour of the subsidiary whereas the customer had preferred appeal under Section 34 of Arbitration and Conciliation Act, 1996, challenging the said arbitral award. Both the aforesaid cases are presently sub-judice before Hon’ble High Court of Delhi. As per interim relief granted by Hon’ble High Court, the subsidiary received Rs. 856.31 crores on submission of bank guarantees. Based on the current status and the legal advice received, the company is expecting a favourable outcome which would cover all the investments, loans and advances in Jindal ITF and consequently no adjustments have been made to the carrying values of loans and investments in the books of the Company. 2. The Group has two primary business segments i.e. Iron & Steel products and Waterways Logistics. 3. Tax expense are inclusive of prior period tax adjustments. 4. The second motion application for approval of composite scheme of amalgamation of Jindal Quality Tubular Limited, Jindal Fittings Limited and Jindal Tubular India Limited with the Company, is pending with Hon’ble Allahabad Bench of NCLT. 5. The Hon’ble Hyderabad bench of NCLT vide its order dated March 31, 2023, approved the resolution plan submitted by the Company for Sathavahana Ispat Limited(SIL). The conditions precedents as per the said plan were achieved on April 26, 2023, by virtue of this, SIL stands merged with the Company on the said date. The cost to the Company for acquiring the assets net of assumed liabilities is Rs. 1,098.42 crores. As per Ind AS 103, purchase consideration has been allocated on a provisional basis, pending final determination of the fair value of the acquired assets and liabilities which resulted in recognizing a provisional capital reserve of Rs. 518.87 crores. 6. Exceptional item for the nine months December 31, 2022 and year ended March 31, 2023 represents the loss on sale of vessel in a subsidiary. 7. The consolidated financial results include the financials information of the step-down subsidiary, Derwent Sand SARL which is under liquidation. 8. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 16, 2024. By Order of the Board For JINDAL SAW LIMITED Place: New Delhi Sminu Jindal Date: January 16, 2024 Managing Director DIN : 00005317 Multi segment 2023-04-01 2023-12-31 Unaudited Consolidated 155319500000.00 1016500000.00 156336000000.00 93564900000.00 302400000.00 -4378300000.00 11238400000.00 5294300000.00 4242800000.00 30583500000.00 140848000000.00 15488000000.00 0.00 15488000000.00 616400000.00 3749300000.00 4365700000.00 0.00 11122300000.00 0.00 0.00 0.00 -15200000.00 11107100000.00 228300000.00 11335400000.00 11704500000.00 -597400000.00 11932500000.00 -597100000.00 639500000.00 2 36.82 36.82 0.00 0.00 36.82 36.82 0.01 0.04 0.05 Other expenses 10474700000.00 Other expenses 30583500000.00 Iron & Steel 56246900000.00 Others 252800000.00 Waterways Logistics 64600000.00 Iron & Steel 154387400000.00 Others 759500000.00 Waterways Logistics 199600000.00 56564300000.00 155346500000.00 6400000.00 27000000.00 56557900000.00 155319500000.00 Iron & Steel 8587700000.00 Others 17500000.00 Waterways Logistics -400000.00 Iron & Steel 20123300000.00 Others 21400000.00 Waterways Logistics -11300000.00 8604800000.00 20133400000.00 1811900000.00 5294300000.00 -207000000.00 Notes: 1. Jindal ITF Limited, subsidiary of the company, had won an arbitral award allowing various claims to the tune of Rs. 1,891.08 crores plus interest and applicable taxes. During the financial year 2019-20, the subsidiary had filed enforcement application under section 36 of Arbitration and Conciliation Act, 1996, for the execution of arbitral award being pronounced in favour of the subsidiary whereas the customer had preferred appeal under Section 34 of Arbitration and Conciliation Act, 1996, challenging the said arbitral award. Both the aforesaid cases are presently sub-judice before Hon’ble High Court of Delhi. As per interim relief granted by Hon’ble High Court, the subsidiary received Rs. 856.31 crores on submission of bank guarantees. Based on the current status and the legal advice received, the company is expecting a favourable outcome which would cover all the investments, loans and advances in Jindal ITF and consequently no adjustments have been made to the carrying values of loans and investments in the books of the Company. 2. The Group has two primary business segments i.e. Iron & Steel products and Waterways Logistics. 3. Tax expense are inclusive of prior period tax adjustments. 4. The second motion application for approval of composite scheme of amalgamation of Jindal Quality Tubular Limited, Jindal Fittings Limited and Jindal Tubular India Limited with the Company, is pending with Hon’ble Allahabad Bench of NCLT. 5. The Hon’ble Hyderabad bench of NCLT vide its order dated March 31, 2023, approved the resolution plan submitted by the Company for Sathavahana Ispat Limited(SIL). The conditions precedents as per the said plan were achieved on April 26, 2023, by virtue of this, SIL stands merged with the Company on the said date. The cost to the Company for acquiring the assets net of assumed liabilities is Rs. 1,098.42 crores. As per Ind AS 103, purchase consideration has been allocated on a provisional basis, pending final determination of the fair value of the acquired assets and liabilities which resulted in recognizing a provisional capital reserve of Rs. 518.87 crores. 6. Exceptional item for the nine months December 31, 2022 and year ended March 31, 2023 represents the loss on sale of vessel in a subsidiary. 7. The consolidated financial results include the financials information of the step-down subsidiary, Derwent Sand SARL which is under liquidation. 8. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on January 16, 2024. By Order of the Board For JINDAL SAW LIMITED Place: New Delhi Sminu Jindal Date: January 16, 2024 Managing Director DIN : 00005317 -648900000.00 6999900000.00 15488000000.00 Iron & Steel 190362800000.00 Others 739700000.00 Waterways Logistics 11421100000.00 202523600000.00 9511000000.00 212034600000.00 Iron & Steel 45280500000.00 Others 405900000.00 Waterways Logistics 8991100000.00 54677500000.00 68437600000.00 123115100000.00 Re-measurement losses on defined benefit plans 15900000.00 Re-measurement losses on defined benefit plans 47600000.00 15900000.00 47600000.00 4000000.00 12000000.00 Exchange differences in translating the foreign operation -80800000.00 Debt Instruments through Other Comprehensive Income -1200000.00 Exchange differences in translating the foreign operation 190500000.00 Debt Instruments through Other Comprehensive Income 2500000.00 -82000000.00 193000000.00 -400000.00 300000.00