JINDALSAW2024-07-012024-09-30 JINDALSAW2024-07-012024-09-30 JINDALSAW2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member JINDALSAW2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member JINDALSAW2024-09-30 JINDALSAW2024-07-012024-09-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JINDALSAW2024-07-012024-09-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member JINDALSAW2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member JINDALSAW2024-07-012024-09-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss02Member JINDALSAW2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member JINDALSAW2024-07-012024-09-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500378 JINDALSAW NOTLISTED Jindal Saw Limited Equity 2024-04-01 2025-03-31 2024-10-18 2024-10-10 INR Crores Half yearly 15:30:00 16:50:00 2024-10-18 2024-10-18 true Cash Flow Indirect Not applicable Single segment Iron and Steel Products 2024-07-01 2024-09-30 Unaudited Consolidated 55719200000.00 303800000.00 56023000000.00 28246400000.00 4200000.00 3965300000.00 3892400000.00 1576300000.00 1506900000.00 10469800000.00 49661300000.00 6361700000.00 0.00 6361700000.00 1637200000.00 39300000.00 1676500000.00 0.00 4685200000.00 0.00 0.00 0.00 67900000.00 4753100000.00 41600000.00 4794700000.00 4996100000.00 -243000000.00 41700000.00 -100000.00 639500000.00 1 7.85 7.81 0.00 0.00 7.85 7.81 0.00 0.02 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 Limited and consequently no adjustments have been made to the carrying values of loans and investments in the books of the Company. 2. The Hon’ble National Company Law Tribunal (NCLT), vide its order dated March 21, 2024, approved the Composite Scheme of Amalgamation (“the Scheme”) of Jindal Quality Tubular Limited (“JQTL”), Jindal Tubular (India) Limited (“JTIL”) ( Subsidiaries ) and Jindal Fittings Limited (“JFL”) (“Associate”) with the Company, the appointed date being April 01, 2022. JQTL and JTIL were in the business of pipe manufacturing and coating and JFL was in the business of manufacturing of Ductile Iron fittings. Consequently, the financial information of the Company, for the quarter and half year ended September 30, 2023 has been accordingly restated to give effect to the business combination. Further, the Company issued 34,19,638 number of 8% non-cumulative non-convertible unlisted Redeemable Preference Shares of face value Rs. 100 each redeemable at par on or before eight years from the date of issue to the erstwhile shareholders of JQTL and JFL on July 29, 2024 amounting to Rs. 34.19 Crores. 3. The Group had previously reported two primary business segments i.e. “Iron & Steel products” and “Others”. Whereas, “Others” no longer meets reporting criteria under Ind AS 108 - “Operating Segments”. Therefore, the Group now operates only one business segment i.e. “Iron & Steel products”. Accordingly, no segment information is required to be disclosed. 4. Tax expense are inclusive of prior period tax adjustments. 5. The Shareholders of the Company have approved the sub-division of one equity share of face value of Rs. 2 each into two equity shares of face value of Rs. 1 each. The record date for the said sub-division was October 09, 2024. The basic and diluted EPS for the prior periods have been restated considering the face value of Rs. 1 each in accordance with Ind AS 33 - Earnings Per Share on account of the abovementioned split of equity shares. 6. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on October 18, 2024. By Order of the Board For JINDAL SAW LIMITED Place: New Delhi Sminu Jindal Date: October 18, 2024 Managing Director DIN: 00005317 Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 105110000000.00 761100000.00 105871100000.00 57807200000.00 80100000.00 1621700000.00 7656600000.00 3118200000.00 2987900000.00 20407700000.00 93679400000.00 12191700000.00 0.00 12191700000.00 3413300000.00 -18800000.00 3394500000.00 0.00 8797200000.00 0.00 0.00 0.00 120200000.00 8917400000.00 -2800000.00 8914600000.00 9406700000.00 -489300000.00 -2700000.00 -100000.00 639500000.00 1 14.78 14.71 0.00 0.00 14.78 14.71 0.00 0.02 0.06 Other Expenses 10469800000.00 Other Expenses 20407700000.00 -7751100000.00 87678500000.00 8643300000.00 0.00 610500000.00 59100000.00 0.00 0.00 0.00 1463800000.00 50100000.00 861700000.00 1256600000.00 3632200000.00 3299500000.00 2223400000.00 106146500000.00 50357200000.00 11500000.00 36783600000.00 5105500000.00 2154400000.00 543500000.00 279800000.00 44878300000.00 336900000.00 9439400000.00 105011800000.00 0.00 0.00 211158300000.00 639500000.00 108460000000.00 109099500000.00 101348400000.00 16021100000.00 0.00 320900000.00 16342000000.00 215200000.00 8797900000.00 0.00 923300000.00 26278400000.00 39237700000.00 25290000000.00 3905300000.00 68433000000.00 13127700000.00 1076900000.00 893900000.00 0.00 83531500000.00 0.00 0.00 109809900000.00 211158300000.00 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 Limited and consequently no adjustments have been made to the carrying values of loans and investments in the books of the Company. 2. The Hon’ble National Company Law Tribunal (NCLT), vide its order dated March 21, 2024, approved the Composite Scheme of Amalgamation (“the Scheme”) of Jindal Quality Tubular Limited (“JQTL”), Jindal Tubular (India) Limited (“JTIL”) ( Subsidiaries ) and Jindal Fittings Limited (“JFL”) (“Associate”) with the Company, the appointed date being April 01, 2022. JQTL and JTIL were in the business of pipe manufacturing and coating and JFL was in the business of manufacturing of Ductile Iron fittings. Consequently, the financial information of the Company, for the quarter and half year ended September 30, 2023 has been accordingly restated to give effect to the business combination. Further, the Company issued 34,19,638 number of 8% non-cumulative non-convertible unlisted Redeemable Preference Shares of face value Rs. 100 each redeemable at par on or before eight years from the date of issue to the erstwhile shareholders of JQTL and JFL on July 29, 2024 amounting to Rs. 34.19 Crores. 3. The Group had previously reported two primary business segments i.e. “Iron & Steel products” and “Others”. Whereas, “Others” no longer meets reporting criteria under Ind AS 108 - “Operating Segments”. Therefore, the Group now operates only one business segment i.e. “Iron & Steel products”. Accordingly, no segment information is required to be disclosed. 4. Tax expense are inclusive of prior period tax adjustments. 5. The Shareholders of the Company have approved the sub-division of one equity share of face value of Rs. 2 each into two equity shares of face value of Rs. 1 each. The record date for the said sub-division was October 09, 2024. The basic and diluted EPS for the prior periods have been restated considering the face value of Rs. 1 each in accordance with Ind AS 33 - Earnings Per Share on account of the abovementioned split of equity shares. 6. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on October 18, 2024. By Order of the Board For JINDAL SAW LIMITED Place: New Delhi Sminu Jindal Date: October 18, 2024 Managing Director DIN: 00005317 3118200000.00 -1404400000.00 -3739900000.00 -8300000.00 3112800000.00 0.00 0.00 0.00 0.00 -2658700000.00 0.00 610800000.00 0.00 2987900000.00 0.00 0.00 0.00 0.00 0.00 267700000.00 4000000.00 323600000.00 37300000.00 800000.00 120200000.00 0.00 253800000.00 0.00 0.00 2130200000.00 14321900000.00 0.00 0.00 0.00 2635100000.00 0.00 11686800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 48800000.00 7549300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 533600000.00 99200000.00 41800000.00 87000000.00 0.00 0.00 4000000.00 277500000.00 0.00 0.00 0.00 -6739400000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3844000000.00 6653000000.00 144900000.00 0.00 1271700000.00 3029800000.00 0.00 0.00 -7255400000.00 -2308000000.00 2700000.00 -2305300000.00 7410800000.00 5105500000.00 Re-measurement losses on defined benefit plans -13900000.00 Re-measurement losses on defined benefit plans -27800000.00 -13900000.00 -27800000.00 -3500000.00 -7000000.00 Exchange differences in translating the foreign operation 49900000.00 Debt Instruments through Other Comprehensive Income 2600000.00 Exchange differences in translating the foreign operation 13400000.00 Debt Instruments through Other Comprehensive Income 5500000.00 52500000.00 18900000.00 500000.00 900000.00