General Updates

July 14, 2026 BSE Limited National Stock Exchange of India Limited, Corporate Relation Department Listing Department, 1st Floor, New Trading Ring Exchange Plaza, Rotunga Building Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Stock code: 500378 Stock code: JINDALSAW Sub. : Financial / Operational Highlights – Quarter ended 30th June, 2026-Regulation 30 SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 Dear Sirs, The Board of Directors of the Company has approved the Unaudited (Standalone and Consolidated) Financial Results for the quarter ended 30th June, 2026. The highlights of financial and operational performance which will be circulated to the investors’ community and other stakeholders is attached for your reference. This is for your information and record. Thanking you, Yours faithfully, for JINDAL SAW LTD., SUNIL K. JAIN COMPANY SECRETARY FCS : 3056 Encl. : As above GOALS FOR A BETTER FUTURE Financial Highlights Q1 FY27 Results July 14, 2026 Disclaimer Statements made during today’s discussion and those contained in this document could constitute “forward looking statements” including, without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to our future business developments and economic performance. While these forward-looking statements represent our judgment and future expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that we have indicated could adversely affect our business and financial performance. Jindal Saw undertakes no obligation to publicly revise any forward looking statements to reflect future events or circumstances. Q1 FY27 Standalone Results Highlights Q1 FY27 Q4 FY26 Q1 FY26 FY26 Particulars (Rs in Million) (Rs in Million) (Rs in Million) (Rs in Million) Unaudited Unaudited Unaudited Audited Total Income (#) 37,557 38,517 33,268 1,47,445 EBITDA 3,410 4,131 5,596 18,346 Financial Costs (#) 707 1,273 1,310 4,702 Depreciation 1,253 1,295 1,216 4,944 Profit before Tax (PBT) 1,450 1,563 3,070 8,700 Provision for Tax* 352 423 (570) 860 Profit after Tax (PAT) 1,098 1,140 3,640 7,840 Ratios: EBITDA to total income 9.1% 10.7% 16.8% 12.4% PBT to total income 3.9% 4.1% 9.2% 5.9% PAT to total income 2.9% 3.0% 10.9% 5.3% Note : (#) Total Income and Financial Costs are net of the impact of foreign exchange fluctuations. The Company follows a policy and strategy of natural hedging of foreign exchange exposures. (*) Current tax expense for the quarter ended June 30, 2025 (Q1 FY 26) and year ended March 31, 2026 is net of tax refund receivable on account of additional claims pertaining to earlier years adjudicated by the Appellate Authority amounting to ₹ 1335 million Quarterly Financial Performance Trends – Standalone (Rs. In Mio.) Revenue EBITDA* EBITDA Margin (%) ** 41,570 38,517 37,557 16.8 12.7 33,268 34,091 10.7 9.8 9.1 5,596 5,271 4,131 3,349 3,410 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 *EBITDA: Earnings Before Interest, Tax, Depreciation & Amortization **Margin (%) rounded off to one decimal Term Debt-Institutional Working Capital Debt-Institutional # 5,778 27,568 5,536 26,199 5,339 5,293 5,257 25,103 19,239 18,199 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 # working capital debt is net of cash/cash equivalent balances Order Book Position (Standalone) The current order book for Pipes and Pellets is ~ US$ 1,171 million Iron & Steel Pipes For Q4 FY26, the Company reported order book of ~ $ 1,171 million for Iron & Steel Pipes and Pellets. Iron & Steel Pipes account for ~ $ 1,164 million and Pellets for ~ $ 7 million ~ $ 1,164 mn ❑ Highlights of order book for Iron & Steel Pipes: ➢ Order book is ~1.8 million MT. Order Book ➢ Export orders in term of volumes is ~0.75 million MT (~41% of total quantity of pipe order book). ~ $ 1,171 mn ➢ Export orders constitute ~30% of the total order book (in terms of value). Pellets ➢ An export job-work order for 0.62 million MT (for water sector) was secured in Q2 FY26. ~ $ 7 mn ➢ Execution of export orders to the Middle East are on hold due to Middle East conflict. ➢ Execution of balance order book is projected to span the next 9–12 months. ➢ Apart from the above order book, UAE Entity has an order book of ~USD 188 million (~ 1,77,000 Pellets (~ MT) Iron & Steel Pipe (~ MT) 19,25,000 19,64,000 19,00,000 * 17,80,000 * 3,25,000 15,60,000 2,90,000 1,81,000 70,000 60,000 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 Jun'25 Sep'25 Dec'25 Mar'26 Jun'26 *Including the export order of ~ 6,08,000 MT of pipe supply on job work basis Operational Highlights - Standalone Q1 FY27 Production Q1 FY27 Q4 FY26 Q1 FY26 FY26 Iron & Steel Pipes* 3,71,000 3,98,000 3,89,000 14,91,000 Pellets 2,90,000 3,56,000 3,21,000 14,58,000 Sales Q1 FY27 Q4 FY26 Q1 FY26 FY26 Iron & Steel Pipes* 3,62,000 3,87,000 3,26,000 13,76,000 Pellets 2,82,000 3,87,000 2,22,000 14,56,000 *Include Pig Iron and Job Work ❑The Company’s Q1 FY27 export operations remained impacted by the persistent geopolitical instability in the MENA region. ❑The water pipe business in India, primarily Ductile, continued to face challenges in FY 26 and Q1 FY27, despite the backlog of order book for over a year. ❑The Company is incurring capital expenditures in debottlenecking enhancing operational efficiency and productivity. We expect to seeincremental gains in efficiencyover a period. Q1 FY27 Consolidated Results Highlights Q1 FY27 Q4 FY26 Q1 FY26 FY26 Particulars (Rs in Million) (Rs in Million) (Rs in Million) (Rs in Million) Unaudited Unaudited Unaudited Audited 44,760 41,030 Total Income (#) 46,569 1,79,869 4,204 6,883 EBITDA 5,042 23,063 1,084 1,711 Financial Costs 1,627 6,195 1,637 1,533 Depreciation 1,667 6,304 1,483 3,639 Profit before Tax (PBT) 1,748 10,564 (54) 104 Share of profit/(loss) of JVs (32) 193 1,429 3,743 Profit before Tax (PBT) after Share of profit/(loss) of JVs 1,716 10,757 521 (412) Provision for Tax* 480 1,504 908 4,155 PAT 1,236 9,253 Note : (#) Total Income, Other Expenses and Finance Costs are net of the impact of foreign exchange fluctuations. The Company follows a policy and strategy of natural hedging of foreign exchange exposures. (*) Current tax expense for the quarter ended June 30, 2025 (Q1 FY 26) 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 ₹ 1335 million. Quarterly Financial Performance Trends – Consolidated (Rs. In Mio.) Revenue EBITDA* EBITDA Margin (%)** 49,630 41,030 42,640 46,569 44,760 16.8 12.7 11.3 10.8 6,883 6,322 4,816 5,042 4,204 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 * EBITDA: Earnings Before Interest, Tax, Depreciation & Amortization **margin (%) rounded off to one decimal # Incl. Jindal ITF write off Rs. 1,466 million Term Debt-Institutional Working Capital Debt-Institutional # 7,724 7,417 31,177 6,890 6,917 27,112 26,566 5,361 18,362 19,365 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 30 Jun '25 30 Sep '25 31 Dec '25 31 Mar '26 30 Jun '26 # working capital debt is net of cash/cash equivalent balances Key Corporate Updates CREDIT RATING: • In June 2026, CARE Ratings has reaffirmed “CARE A1+ (A One Plus)” for Short-term debt faci [Showing first 8,000 characters — download PDF for full document]