Jindal Saw Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Revenue	183,083	208,289	209,577	178,681	132,984	106,636	Upgrade
Revenue Growth (YoY)	-13.67%	-0.61%	17.29%	34.36%	24.71%	-8.29%	Upgrade
Cost of Revenue	104,945	119,761	122,566	113,324	79,584	60,774	Upgrade
Gross Profit	78,138	88,528	87,011	65,356	53,400	45,862	Upgrade
Selling, General & Admin	16,574	15,756	15,369	12,197	10,394	9,237	Upgrade
Other Operating Expenses	36,938	38,553	39,781	37,005	29,419	24,730	Upgrade
Operating Expenses	59,655	60,310	60,809	53,885	44,525	38,543	Upgrade
Operating Income	18,483	28,218	26,202	11,471	8,876	7,319	Upgrade
Interest Expense	-4,408	-4,686	-5,716	-4,730	-3,710	-3,920	Upgrade
Interest & Investment Income	429.39	429.39	835.48	961.64	1,115	1,176	Upgrade
Earnings From Equity Investments	293.45	262.75	-8.09	-4.56	-	-	Upgrade
Currency Exchange Gain (Loss)	-239.46	-239.46	1,169	-138.76	190.44	774.36	Upgrade
Other Non Operating Income (Expenses)	-956.1	-658.7	-564.93	-325.11	-348.65	-428.44	Upgrade
EBT Excluding Unusual Items	13,602	23,326	21,917	7,235	6,122	4,921	Upgrade
Gain (Loss) on Sale of Investments	7.16	7.16	9.7	151.29	7.8	7.33	Upgrade
Gain (Loss) on Sale of Assets	-146.11	-146.11	-61.78	-79.53	25.9	-7.27	Upgrade
Other Unusual Items	-	-	-	-250.45	-	-	Upgrade
Pretax Income	13,766	23,490	22,157	7,195	6,215	4,993	Upgrade
Income Tax Expense	4,880	8,909	6,228	2,677	2,456	1,715	Upgrade
Earnings From Continuing Operations	8,886	14,580	15,929	4,518	3,759	3,277	Upgrade
Net Income to Company	8,886	14,580	15,929	4,518	3,759	3,277	Upgrade
Minority Interest in Earnings	2,366	2,803	841.56	1,922	358.59	-89.01	Upgrade
Net Income	11,252	17,384	16,770	6,439	4,117	3,188	Upgrade
Net Income to Common	11,252	17,384	16,770	6,439	4,117	3,188	Upgrade
Net Income Growth	-42.28%	3.66%	160.43%	56.39%	29.14%	-42.53%	Upgrade
Shares Outstanding (Basic)	637	637	636	635	636	636	Upgrade
Shares Outstanding (Diluted)	638	639	637	635	636	636	Upgrade
Shares Change (YoY)	-0.18%	0.31%	0.22%	-0.03%	-0.10%	-0.51%	Upgrade
EPS (Basic)	17.67	27.31	26.38	10.14	6.48	5.01	Upgrade
EPS (Diluted)	17.63	27.22	26.33	10.13	6.48	5.01	Upgrade
EPS Growth	-42.17%	3.38%	159.79%	56.44%	29.31%	-42.25%	Upgrade
Free Cash Flow	-	13,038	17,299	12,927	-3,800	11,663	Upgrade
Free Cash Flow Per Share	-	20.41	27.17	20.35	-5.98	18.33	Upgrade
Dividend Per Share	-	2.000	2.000	1.500	1.000	1.000	Upgrade
Dividend Growth	-	-	33.33%	50.00%	-	-	Upgrade
Gross Margin	42.68%	42.50%	41.52%	36.58%	40.16%	43.01%	Upgrade
Operating Margin	10.10%	13.55%	12.50%	6.42%	6.67%	6.86%	Upgrade
Profit Margin	6.15%	8.35%	8.00%	3.60%	3.10%	2.99%	Upgrade
Free Cash Flow Margin	-	6.26%	8.25%	7.23%	-2.86%	10.94%	Upgrade
EBITDA	24,539	34,028	31,684	15,991	13,319	11,619	Upgrade
EBITDA Margin	13.40%	16.34%	15.12%	8.95%	10.02%	10.90%	Upgrade
D&A For EBITDA	6,056	5,810	5,482	4,520	4,443	4,300	Upgrade
EBIT	18,483	28,218	26,202	11,471	8,876	7,319	Upgrade
EBIT Margin	10.10%	13.55%	12.50%	6.42%	6.67%	6.86%	Upgrade
Effective Tax Rate	35.45%	37.93%	28.11%	37.21%	39.52%	34.36%	Upgrade
Revenue as Reported	183,975	209,478	211,259	180,609	134,510	108,732	Upgrade
Advertising Expenses	-	13.55	13.3	12.97	4.36	5.22	Upgrade

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.