5003782026-01-012026-03-315003782026-03-315003782025-03-315003782025-04-012026-03-315003782026-01-012026-03-31in-capmkt:OtherExpenses1Member5003782025-04-012026-03-31in-capmkt:OtherExpenses1Member5003782026-03-31OtherNoncurrentFinancialAssetsDomain15003782026-03-31OtherNoncurrentAssetsDomain15003782026-03-31OtherNoncurrentAssetsDomain25003782026-03-31OtherCurrentFinancialAssetsDomain15003782026-03-31OtherCurrentFinancialAssetsDomain25003782026-03-31OtherCurrentAssetsDomain15003782026-03-31OtherNoncurrentFinancialLiabilitiesDomain15003782026-03-31OtherNoncurrentLiabilitiesDomain15003782026-03-31OtherCurrentFinancialLiabilitiesDomain15003782026-03-31OtherCurrentLiabilitiesDomain15003782026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15003782026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25003782026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35003782025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15003782025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25003782025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35003782026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15003782026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25003782025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15003782025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss25003782026-01-012026-03-31AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500378JINDALSAWNOTLISTEDINE324A01032JINDAL SAW LIMITEDMain BoardEquity2025-04-012026-03-312026-04-272026-04-20INRCroresQuarterlyFourth quarterSingle segmentIron & Steel Product2026-04-2714:00:002026-04-2717:40:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated4633480000023370000046568500000266137000009800000-23160000039879000001627000000166740000011146200000448204000001748100000017481000004445000003520000047970000001268400000000-31600000123680000072980000019666000001394300000-1575000002123000000-15640000063950000012.192.18002.192.180.00320.10140.0308Notes: <BR> <BR> 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. 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 and year ended March 31, 2026 and the Subsidiary is able to operate as a going concern. <BR> <BR> 2. The Group has only one reportable business segment i.e. “Iron & Steel products” and accordingly, no segment information is required to be disclosed. <BR> <BR> 3. Current tax expense for the 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. <BR> <BR> 4. With effect from November 21, 2025, the Government of India has consolidated existing labour legislations into a unified framework comprising of four Labour Codes collectively referred to as the 'New Labour Codes'. However, the corresponding Rules under these New Labour Codes are yet to be notified. The Group has estimated and recorded past service cost which is not material based on the best available information and review of the existing wage structure. The Group continues to monitor the finalisation of Central/State Rules and clarifications from the Government of India on several aspects of the New Labour Codes and would provide appropriate accounting effect based on such developments and consequent management decisions in this regard. <BR> <BR> 5. The Group consolidated financial results includes the results of the following entities: <BR> Relationship Name of the Entities <BR> Holding Company Jindal Saw Limited <BR> Trust Samruddhi Employees Trust <BR> Subsidiaries Direct Subsidiaries <BR> a) Jindal ITF Limited <BR> b) Jindal Metals & Alloys Limited <BR> c) S.V. Trading Limited, Nevis <BR> d) Ralael Holdings Limited, Cyprus <BR> e) Jindal Saw Holding FZE, UAE <BR> f) JITF Shipyards Limited <BR> Indirect Subsidiaries <BR> a) Jindal Saw USA LLC, USA <BR> b) Jindal Saw Middle East FZE, UAE <BR> c) Jindal Saw Gulf LLC, UAE <BR> d) Jindal Intellicom Limited <BR> e) iCom Analytics Limited <BR> f) World Transload & Logistics LLC, USA <BR> g) 5101 Boone LLP, USA <BR> h) Tube Technologies INC, USA <BR> i) Helical Anchors INC, USA <BR> j) Boone Real Property Holding LLC, USA <BR> k) Drill Pipe International LLC, USA <BR> l) Jindal X LLC, USA <BR> m) Jindal Seamless Pipe Manufacturing LLC, UAE (w.e.f. August 13, 2025) <BR> Joint Ventures a) Jindal MMG LLC, USA (liquidated on December 02, 2025) <BR> b) Jindal Hunting Energy Services Limited <BR> c) Jindal Saw and Buhur Altavision Company, KSA (w.e.f. November 10, 2025) <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> 6. The Board of Directors have recommended payment of dividend @ Rs. 2 per equity share of Rs. 1 each for the year ended March 31, 2026 aggregating to Rs. 127.90 crores. <BR> <BR> 7. The figures of the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the financial year and the published unaudited year to date figures upto third quarter of the respective financial year which were subject to limited review by the auditors. <BR> <BR> 8. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on April 27, 2026. <BR> <BR> <BR> By Order of the Board <BR> For JINDAL SAW LIMITED <BR> <BR> <BR> <BR> <BR> Place: New Delhi Sminu Jindal <BR> Date: April 27, 2026 Managing Director <BR> DIN: 00005317 <BR> <BR> 2025-04-012026-03-31AuditedConsolidated17895170000091690000017986860000010636340000037100000-587220000016297300000619560000063049000003997870000016930480000010563800000010563800000116690000033690000015038000000906000000000019330000092533000001289000000105423000009733500000-48020000011022600000-480300000639500000112510290000015.2715.230015.2715.230.00320.03260.0375Other expenses11146200000Other expenses3997870000010343730000045288000000610500000375000000061980000030720000021100000777900000125850000023647000001142700000439500000011713630000052672900000123000000309355000004067200000136300000038720000023099000003918580000034640000075206000009972570000000216862000000639500000125102900000125742400000-2915300000122827100000212352000000002944000002152960000031140000093898000000927300000321581000002567220000057660000025654600000262312000001753000000536564000006522900000121020000048730000006187680000094034900000216862000000Notes: <BR> <BR> 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. 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 and year ended March 31, 2026 and the Subsidiary is able to operate as a going concern. <BR> <BR> 2. The Group has only one reportable business segment i.e. “Iron & Steel products” and accordingly, no segment information is required to be disclosed. <BR> <BR> 3. Current tax expense for the 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. <BR> <BR> 4. With effect from November 21, 2025, the Government of India has consolidated existing labour legislations into a unified framework comprising of four Labour Codes collectively referred to as the 'New Labour Codes'. However, the corresponding Rules under these New Labour Codes are yet to be notified. The Group has estimated and recorded past service cost which is not material based on the best available information and review of the existing wage structure. The Group continues to monitor the finalisation of Central/State Rules and clarifications from the Government of India on several aspects of the New Labour Codes and would provide appropriate accounting effect based on such developments and consequent management decisions in this regard. <BR> <BR> 5. The Group consolidated financial results includes the results of the following entities: <BR> Relationship Name of the Entities <BR> Holding Company Jindal Saw Limited <BR> Trust Samruddhi Employees Trust <BR> Subsidiaries Direct Subsidiaries <BR> a) Jindal ITF Limited <BR> b) Jindal Metals & Alloys Limited <BR> c) S.V. Trading Limited, Nevis <BR> d) Ralael Holdings Limited, Cyprus <BR> e) Jindal Saw Holding FZE, UAE <BR> f) JITF Shipyards Limited <BR> Indirect Subsidiaries <BR> a) Jindal Saw USA LLC, USA <BR> b) Jindal Saw Middle East FZE, UAE <BR> c) Jindal Saw Gulf LLC, UAE <BR> d) Jindal Intellicom Limited <BR> e) iCom Analytics Limited <BR> f) World Transload & Logistics LLC, USA <BR> g) 5101 Boone LLP, USA <BR> h) Tube Technologies INC, USA <BR> i) Helical Anchors INC, USA <BR> j) Boone Real Property Holding LLC, USA <BR> k) Drill Pipe International LLC, USA <BR> l) Jindal X LLC, USA <BR> m) Jindal Seamless Pipe Manufacturing LLC, UAE (w.e.f. August 13, 2025) <BR> Joint Ventures a) Jindal MMG LLC, USA (liquidated on December 02, 2025) <BR> b) Jindal Hunting Energy Services Limited <BR> c) Jindal Saw and Buhur Altavision Company, KSA (w.e.f. November 10, 2025) <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> <BR> 6. The Board of Directors have recommended payment of dividend @ Rs. 2 per equity share of Rs. 1 each for the year ended March 31, 2026 aggregating to Rs. 127.90 crores. <BR> <BR> 7. The figures of the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the financial year and the published unaudited year to date figures upto third quarter of the respective financial year which were subject to limited review by the auditors. <BR> <BR> 8. These results are reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on April 27, 2026. <BR> <BR> <BR> By Order of the Board <BR> For JINDAL SAW LIMITED <BR> <BR> <BR> <BR> <BR> Place: New Delhi Sminu Jindal <BR> Date: April 27, 2026 Managing Director <BR> DIN: 00005317 <BR> <BR> Other financial assets1258500000Current tax assets (net)3034300000Other non-current assets1360700000Other current financial assets354000000Contract assets1955900000Other current assets7520600000Other non-current financial liabilities294400000Other non-current liabilities927300000Other current financial liabilities1753000000Other current liabilities65229000006194100000-277700000072236000002500000-2349800000000013652000000-560620000006304900000099000000000-3958000003510000023210000019600000-800000-1933000000-87800000009917600000204814000000002767700000017713700000000000001082000001076010000000000000000265300000432000000022100000003510000018900000001018600000-955380000000000000087062000003218000001271200000529250000004859000000-10732700000-257280000085800000-248700000065542000004067200000Re-measurement losses on defined benefit plans-30500000Equity instruments through other comprehensive income800000Share of re-measurement gain/(loss) on defined benefit plans of joint ventures500000-29200000Re-measurement losses on defined benefit plans-45300000Equity instruments through other comprehensive income800000Share of re-measurement gain/(loss) on defined benefit plans of joint ventures500000-44000000-7000000-11200000Exchange differences on translating the financial statements of foreign operations752700000Debt instruments through other comprehensive income-800000751900000Exchange differences on translating the financial statements of foreign operations1323700000Debt instruments through other comprehensive income-22000001321500000-100000-3000007298000001289000000AuditedtruePrice Waterhouse Chartered Accountants LLPtrue2026-11-30