Analysts/Institutional Investor Meet/Con. Call Updates

22nd October, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, E x c h a n g e P l a z a , 5 t h Floor, 1st Floor, New Trading Ring, P l o t n o . C / 1 , G B l o c k Rotunda Building, P J Towers, B a n d r a - K u r l a C o m plex, Dalal Street, Fort, Bandra (E), Mumbai – 400 001 Mumbai-400051 Email: corp.relations@bseindia.com Email: cmlist@nse.co.in Security Code No.: 532508 Security Code No.: JSL Sub.: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Earnings Presentation Q2 & H1FY27 Dear Sir, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Q2 & H1FY27 earnings presentation of Jindal Stainless Limited (“the Company”). The same is also being uploaded on the website of the Company- www.jindalstainless.com. Please take the above information on record. Thanking you. For Jindal Stainless Limited Navneet Raghuvanshi Head-Legal, Company Secretary & Compliance Officer Encl: A/a JINDAL STAINLESS LTD Q2 & H1 FY27 Earnings Presentation October 22, 2026 Disclaimer Thispresentationandthe accompanyingslides(the“Presentation”),which hasbeen prepared byJindalStainless Limited(referredto“respectivecompany (ies)”)forthisjointearningpresentation,arepurelyforinformationpurposesonlyandisnot,andisnotintendedtobe,anoffer,orsolicitationofoffer,or invitationorrecommendationoradvisetobuyorsellordealwithanysecuritiesofthecompany,andshallnotconstituteanoffer,solicitationorinvitationor recommendationoradvisetobuyorsellordealwithanysecuritiesoftherespectiveCompanyinanyjurisdictioninwhichsuchoffer,solicitationorinvitation orrecommendationoradviseisunlawfulorincontraventionofapplicablelaws.Nopart,orall,ofthisPresentationshallbeusedorformthebasisof,orbe reliedonorreferredtoinconnectionwith,anycontractorinvestmentdecisioninrelationtoanysecuritiesoftherespectiveCompany.ThisPresentationis strictly informative and relating to the financial conditions, internal functioning, day to day operations, future events and projections etc. of the Company andthispresentationshallnotbeusedorrelieduponorreferredtoinwholeorinpart,foranypurposewhatsoever.TheinformationinthisPresentationis being provided by the respective company and is subject to change without any notice or liability. This Presentation has been prepared by the respective company based on information and data which it considers reliable, but it makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, veracity, fairness, integrity, sufficiency and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and exhaustive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This Presentation contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similarimport.AnystatementinthisPresentationthatisnotastatementofhistoricalfactisaforward-lookingstatementthatinvolvesknownandunknown risks, uncertainties, contingencies and other factors which may cause our actualresults, performance or achievements to bematerially differentfrom any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this Presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guaranteethattheassumptionsonwhichsuchfutureprojections,expectations,estimatesorprospectshavebeenpreparedarecorrectorexhaustiveor,in thecaseoftheassumptions,fullystatedinthePresentation.TherespectiveCompanyassumenoobligationsorresponsibilitytoupdatetheforward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. You unconditionally and irrevocable acknowledge and undertake that you will be solely responsible for your own assessment of the market, the market position, the business and financial condition of the respective company and that you will conduct your own analysis and be solely responsible for forming your own view of the potentialfutureperformanceofthebusinessoftherespectivecompany.Alltherisks,liabilitiesorconsequencesarisingoutoforconsequenttotheuseof or reliance on or reference to this Presentation and/or acting on the basis of the analysis/views formed by you, shall be solely borne by you. This Presentationspeaksasofthedatementioned herein.NeitherthedeliveryofthisPresentationnor anyfurther discussionsoftherespective Companywith anyoftherecipientsshall,underanycircumstances,createanyimplicationthattherehasbeennochangeintheaffairsoftherespectivecompanysincethat date. Q2 & H1 FY27 at a Glance Q2FY27 Revenue EBITDA PAT “ 12,874 Cr. 1,433 Cr. 898 Cr. We delivered growth in Q2, ▲18% YoY ▲3% YoY ▲11% YoY building on the recovery from Sales volume (KT) the geopolitical crisis that 664k impacted operations in Q1. ▲3% YoY Performance was underpinned by resilient domestic demand, H1FY27 supported by robust economic Revenue EBITDA PAT growth and improved sensitivity 24,152 Cr. 2,762 Cr. 1,666 Cr. towards lifecycle costing approach. ▲14% YoY ▲2% YoY ▲9% YoY Sales volume (KT) Net debt Net debt / Equity 1,245k 3,121 Cr. 0.15x Abhyuday Jindal Managing Director, Jindal Stainless ▼ -2 % YoY vs ₹3,040 Cr.in Mar'26 Consolidated Note: 3 Consolidated figures; All figures are in INR unless stated; KT: Thousand metric tones Business Highlights • CARE upgraded rating on the long-term borrowings to AA+ (Stable) from AA; reaffirmed rating on • short-term borrowingsat A1+ • Developed India's first high-aluminium stainless steel grade, for catalytic converters • Technical Assistance Agreement with JFE Steel, Japanto strengthen ferritic grades • Achieved a reduction of 12% in GHG Emission Intensity (Scope 1+2) from 1.76 tCO2/tcs in FY26 to 1.55 tCO2/tcs in Q2 FY27, supported by JSL’s investments in renewables and green hydrogen • Jindal Saathi Loyalty Programmecrossed 1.3 lakh members (19,000+ retailers, 1.13 lakh+ fabricators) with 7 lakh+ QR scans a month; Saathi Seal extended to water tanks • Stainless Academy is now recognized as an Awarding Body by NCVET (MSDE), enabling it to offer government- recognised qualification and certification programmes • The Academy conducted 205 Fabricator Training Programmes in Q2’27, reaching 12,165 independent fabricators Sales Volume Distribution Sales Volume (KT) Geography Mix Domestic Export +14% 91% 95% 93% 89% 89% 648 650 642 664 9% 5% 7% 11% 11% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 EBITDA & EBITDA/t Series Mix 34% 38% 38% 35% 37% 49% 45% 43% 47% 47% 17% 17% 19% 18% 17% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 200 Series 300 Series 400 Series 5 Note: KT - thousand metric tonnes Financial Performance Revenue & Avg. Realizations/t EBITDA & EBITDA/t 194.2k 193.8k 21.4k 21.7k 22.7k 22.9k 21.6k 176.7k 168.1k 161.8k 10,893 10,518 11,337 11,279 12,874 1,388 1,408 1,455 1,329 1,433 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 +11% +17% 808 828 834 769 898 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 6 Note: Consolidated figures; All figures are in INR Crore unless stated; #Net debt includes only bank and financial institute loans. Robust Financial Position Net Worth & Net Debt Net Debt Ratios Net Worth* Net Debt# Net Debt#/ EBITDA Net Debt#/Equity 0.86x 21,281 19,882 16,708 0.55x 0.55x 0.24x 3,991 0.15x 0.15x 3,040 3,121 Mar’25 Mar’26 Sep’26 Mar’25 Mar’26 Sep’26 17% 17% Mar’25 Mar’26 Sep’26 7 Note: #Net debt includes only bank and financial i [Showing first 8,000 characters — download PDF for full document]