Results for quarter ended 30th September, 2026

October 16, 2026 BSE Limited National Stock Exchange of India Limited, Corporate Relation Department Listing Department, 1st Floor, New Trading Ring Exchange Plaza, Rotunga Building P. J. Towers Bandra Kurla Complex Dalal Street, Bandra (East) Mumbai - 400 001 Mumbai – 400 051 Stock code: 500378 Stock code: JINDALSAW Sub: Information pursuant to Regulations 30 read with Regulation 33 & 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Dear Sir, This is with reference to the captioned subject, we wish to inform you that pursuant to Regulation 30(2) read with Schedule III Part A Para A and Regulations 33 & 52 of the Listing Regulations, please find enclosed herewith the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter/half year ended 30th September, 2026 along with the Limited Review Report thereon by Price Waterhouse Chartered Accountants LLP, Statutory Auditors. The Board Meeting commenced at 2:30 p.m. and concluded 3:50 p.m. This is for your information and record. Thanking you, Yours faithfully, For JINDAL SAW LTD., SUNIL K. JAIN COMPANY SECRETARY FCS- 3056 Price Waterhouse Chartered Accountants LLP Review Report The Board of Directors Jindal Saw Limited Jindal Centre, 12, Bhikaji Cama Place, New Delhi - 110066 1. We have reviewed the unaudited standalone financial results of Jindal Saw Limited (the “Company”) (refer paragraph 6 below) for the quarter ended September 30, 2026 and the year to date results for the period April 01, 2026 to September 30, 2026, which are included in the accompanying ‘Statement of unaudited standalone financial results for the quarter and half year ended September 30, 2026’, the ‘Statement of unaudited standalone assets and liabilities as on that date’ and the ‘Unaudited standalone statement of cash flows for the half year ended on that date’ (the “Statement”). The Statement has been prepared by the Company pursuant to Regulation 33 and Regulation 52 read with Regulation 63 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”). The Statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. 3. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above and based on the consideration of the review report of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 read with Regulation 63 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to note 1 to the Statement relating to the appeal filed by Jindal ITF Limited (“JITF”), a Subsidiary of the Company, before the divisional bench of the Delhi High Court and the Company’s assessment of the expected outcome of the matter and its impact on the carrying value of the investment in JITF. Our conclusion on the Statement is not modified in respect of this matter. 6. The interim financial results of the Samruddhi Employees Trust (the “Trust”) included in the unaudited standalone financial results of the Company reflect total assets of Rs. 6.98 Crores and net assets of Rs. (3.48) Crores as at September 30, 2026, total income of Rs. Nil and Rs. 0.35 Crores, total excess of income over expenditure of Rs. (0.02) Crores and Rs. (0.35) Crores for the quarter and half year ended September 30, 2026, respectively, and cash flows (net) of Rs. 0.28 Crores for the period from April 01, 2026 to September 30, 2026. These interim financial results of the Trust have been reviewed by other auditors and their report dated October 10, 2026 vide which they have issued unmodified conclusion on financial results, has been furnished to us by the Company’s Management and our conclusion on the Statement, in so far as it relates to Price Waterhouse Chartered Accountants LLP, Building No. 8, 8th Floor, Tower - B, DLF Cyber City, Gurugram - 122 002 T: +91 (124) 6169910 Registered office and Head office: 11-A, Vishnu Digamber Marg, Sucheta Bhawan, New Delhi - 110002 Price Waterhouse (a Partnership Firm) converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPIN AAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N) the amounts and disclosures included in respect of the Trust, is based on the report of the other auditors and the procedures performed by us. Our conclusion on the Statement is not modified in respect of this matter. For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Sandeep Chaddha Partner Membership Number: 096137 UDIN: 26096137BHCSZX9964 Place: New Delhi Date: October 16, 2026 JINDAL SAW LIMITED Regd. Off.: A-1, UPSIDC Indl. Area, Nandgaon Road, Kosi Kalan, Distt. Mathura (U.P.)-281403 Corp. Office: Jindal Centre, 12, Bhikaiji Cama Place, New Delhi- 110066 CIN- L27104UP1984PLC023979 Statement of unaudited standalone financial results for the quarter and half year ended September 30, 2026 ( ₹ c r o r e s ) Quarter ended Half year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Income Revenue from operations 3,823.80 3,721.44 3 ,371.85 7 ,545.24 6 ,672.22 14,620.13 Other income 57.56 34.22 3 7.21 9 1.78 6 3.65 124.40 Total income (I) 3,881.36 3,755.66 3 ,409.05 7 ,637.02 6,735.87 14,744.53 II Expenses Cost of materials consumed 2,125.52 2,388.46 2 ,057.43 4 ,513.98 4 ,766.38 9 ,153.88 Purchases of stock-in-trade - - - - - - Changes in inventories of finished goods, work-in-progress and scrap 4 26.16 (49.40) (67.70) 376.76 (984.68) ( 543.33) Employee benefits expense 3 16.07 3 12.10 318.01 628.17 630.58 1 ,229.76 Finance costs 92.03 70.72 108.35 162.75 239.37 470.15 Depreciation and amortisation expense 1 29.43 1 25.30 121.72 254.73 243.34 494.44 Other expenses 7 48.22 7 63.47 766.49 1 ,511.69 1 ,429.15 3 ,069.67 Total expenses (II) 3,837.43 3,610.65 3 ,304.30 7 ,448.08 6,324.14 13,874.57 III Profit before tax (I-II) 4 3.93 145.01 1 04.75 1 88.94 411.73 8 69.96 IV Tax expense (Refer note 3): Current tax [expense/(credit)] ( 22.20) 26.68 2 3.80 4.48 ( 39.86) 5 8.34 Deferred tax [expense/(credit)] (4.56) 8 .56 1.66 4.00 8.36 2 7.64 Total tax expense (IV) (26.76) 3 5.24 25.46 8.48 (31.50) 85.98 V Net profit after tax (III-IV) 7 0.69 109.77 79.29 1 80.46 443.23 7 83.98 VI Other comprehensive income (OCI): Items that will not be reclassified to profit or loss: (i) Re-measurement gain/(loss) on defined benefit plans (1.24) (1.24) ( 2.16) ( 2.48) (4.33) ( 4.97) (ii) Income tax effect on above item 0 .32 0 .31 0.54 0.63 1.09 1.25 Tot [Showing first 8,000 characters — download PDF for full document]