Jindal Steel FY26 Tax Contribution ₹11,348 Crore

Key Financial & Operational Performance (FY 2025-26)

The company reported the following operational and financial metrics for the fiscal year:

• Crude Steel Production: 9.25 million tonnes
• Sales: 8.68 million tonnes
• Gross Revenue: ₹62,412 crore
• EBITDA: ₹9,660 crore
• Profit After Tax: ₹3,361 crore

Total Fiscal Contribution

Jindal Steel Limited contributed a total of ₹11,348 crore to the public exchequer on a cash-payment basis for FY 2025-26.

Breakdown of Fiscal Contributions

Direct Contributions (Taxes Borne) - ₹7,757 crore

This represents taxes paid directly from the company's cash flows:

• Corporate Income Tax Paid: Amount not separately quantified in the breakdown.
• Indirect Taxes (Customs): Amount not separately quantified in the breakdown.
• Mining Royalty & Bid Premiums: Amount not separately quantified in the breakdown.
• Other Taxes Borne: Includes Electricity Duty/Cess, Property Tax, and Stamp Duty. Amount not separately quantified.
• Social Contribution (Employer): Comprises employer's share of Provident Fund and Employee State Insurance (ESI). Amount not separately quantified.

Indirect Contributions (Taxes Collected) - ₹3,591 crore

This represents taxes collected and remitted on behalf of others:

• Net GST: ₹3,179 crore (Net cash outflow after adjusting Input Tax Credits)
• Withholding Taxes / TDS: ₹357 crore
• Social Contribution (Employee): ₹55 crore (Comprises employee contributions to PF, ESI, and Professional Tax)

Comparative Figures (FY 2024-25)

The report provides comparative figures for the previous year's contributions:

• Total Direct Contributions (FY 2024-25): ₹5,922 crore
• Indirect Contributions (FY 2024-25): Net GST: ₹3,600 crore, Withholding Taxes: ₹365 crore, Social Contribution (Employee): ₹55 crore

Basis of Preparation

The report is prepared on a cash-payment basis, reflecting actual cash outflows made during the financial year (1 April 2025 to 31 March 2026) for both current and prior period liabilities. It covers Jindal Steel Limited and its subsidiaries. The figures are derived from the same records used for audited financial statements.

Tax Governance and Strategy

The document details the company's structured approach to tax:

• Oversight by a dedicated in-house tax team and senior management.
• Tax strategy is aligned with the company's Code of Conduct and emphasizes compliance with the letter and spirit of the law.
• The company states it does not engage in aggressive tax planning or artificial structures lacking commercial substance.
• Adherence to the arm's length principle for related-party transactions, following OECD Transfer Pricing Guidelines.
• Robust internal controls and a framework for managing tax risks and disputes.

Disclaimer

The information in the report has not been subject to independent external assurance. It involves estimates and judgments and may be revised if additional information becomes available or circumstances change. The report is for informational purposes only and does not constitute legal, tax, or investment advice.

Availability

The full Tax Transparency Report is available on the company's website at www.jindalsteel.in.