Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year Ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Submission of Unaudited Financial Results (Standalone & Consolidated) pursuant to SEBI Listing Regulations 30, 33 & 52

Audit Opinion:

Limited Review Report by Price Waterhouse Chartered Accountants LLP issued an unmodified conclusion. The report is not an audit opinion.

Auditor’s Comment:

The auditors drew attention to Note 1 regarding an appeal filed by subsidiary Jindal ITF Limited (JITF) before the divisional bench of the Delhi High Court concerning an arbitral award of ₹1,891.08 crore. The management believes in a favorable outcome and that no adjustment to the investment carrying value is required. The conclusion on the financial results is not modified in respect of this matter.

Key Financial Highlights [₹ crores]

Standalone Results:

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹3,823.80 (vs. ₹3,371.85 in Q2 FY26; +13.4% YoY)
  • Total Income: ₹3,881.36
  • Net Profit: ₹70.69 (vs. ₹79.29 in Q2 FY26; -10.8% YoY)
  • EPS: ₹1.11 (Basic and Diluted, not annualized)

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹7,545.24 (vs. ₹6,672.22 in H1 FY26; +13.1% YoY)
  • Total Income: ₹7,637.02
  • Net Profit: ₹180.46 (vs. ₹443.23 in H1 FY26; -59.3% YoY)
  • EPS: ₹2.83 (Basic), ₹2.82 (Diluted, not annualized)

Standalone Balance Sheet (as of September 30, 2026):

  • Cash and Cash Equivalents: ₹214.66
  • Other Equity: ₹12,563.04
  • Total Debt (Borrowings): ₹2,514.53 (Non-current: ₹524.01, Current: ₹1,990.52)

Consolidated Results:

Quarter Ended September 30, 2026 (Q2 FY27):

  • Revenue from Operations: ₹4,471.79 (vs. ₹4,233.60 in Q2 FY26; +5.6% YoY)
  • Total Income: ₹4,523.06
  • Net Profit after tax: ₹35.28
  • Net Profit Attributable to Owners of the Holding Company: ₹47.04 (vs. ₹151.89 in Q2 FY26; -69.0% YoY)
  • EPS: ₹0.74 (Basic and Diluted, not annualized)

Half Year Ended September 30, 2026 (H1 FY27):

  • Revenue from Operations: ₹8,924.10 (vs. ₹8,318.28 in H1 FY26; +7.3% YoY)
  • Total Income: ₹8,999.04
  • Net Profit after tax: ₹126.07
  • Net Profit Attributable to Owners of the Holding Company: ₹151.21 (vs. ₹575.93 in H1 FY26; -73.7% YoY)
  • EPS: ₹2.37 (Basic and Diluted, not annualized)

Consolidated Balance Sheet (as of September 30, 2026):

  • Cash and Cash Equivalents: ₹387.16
  • Other Equity: ₹12,547.85
  • Non-controlling interest: ₹(316.68)
  • Total Debt (Borrowings): ₹3,494.88 (Non-current: ₹1,278.39, Current: ₹2,216.49)

Segment-wise Performance:

The Company has one primary reportable business segment on both a standalone and consolidated basis: "Iron & Steel products." Accordingly, no separate segment information is disclosed.

Corporate Actions:

Not Specified

Other Significant Information:

Trust Performance: The Samruddhi Employees Trust, included in the results, had net assets of ₹(3.48) Crores as of September 30, 2026.

Approval: The results were reviewed by the Audit Committee and approved by the Board of Directors on October 16, 2026.

Signatories: The submission was signed by Sunil K. Jain, Company Secretary. The financial statements were signed by Sminu Jindal, Managing Director (DIN: 00005317). The auditor's report was signed by Sandeep Chaddha, Partner.