JINDAL STEEL & POWER LIMITED

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Bernard Brooks
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1 JINDAL STEEL & POWER LIMITED Registered Office : O.P. Jindal Marg, Hisar (Haryana) Corporate Office : Jindal Centre, 12, Bhikaiji Cama Place, New Delhi UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED ON 30 TH SEPTEMBER, (Rs. in Crores except for Shares and EPS) Unaudited Standalone Financial Results Unaudited Consolidated Financial Results Standalone Consolidated Audited Financial Results for the year ended 1 a) Net Sales / Income from Operations 2, , , , , , , , , , b) Other Operating Income Total 2, , , , , , , , , , Expenditure a) (Increase)/decrease in stock in trade and work in progress (32.65) (56.74) (183.05) (42.11) (41.09) (62.41) (215.68) (47.78) (19.91) (46.92) b) Consumption of raw materials , , , , c) Purchase of traded goods d) Employee cost e) Depreciation f) Stores & Spares consumed g) Power & Fuel h) Other Expenditure , Total 1, , , , , , , , , , Profit from Operations before Other Income, Interest and , , , , , , , Exceptional Items (1 2) Other Income Profit before Interest and Exceptional Items (3+4) , , , , , , , Interest and other Financial Expenses Profit after Interest but before Exceptional Items (5 6) , , , , , , Exceptional Items 9 Profit (+)/ Loss ( ) from ordinary activities before tax (7+8) , , , , , , Tax expense (Net of MAT Credit) Net Profit (+)/ Loss ( ) from ordinary activities after tax (9 10) , , , , Extraordinary item (net of tax expense Rs Nil) 13 Net Profit(+)/ Loss( ) for the period (11 12) , , , , Cash Profit , , , , , , , Paid up Equity Share Capital (Face Value Re. 1/ per share) Paid up Debt Capital of the Company* 2, , , , Reserves Excluding Revaluation Reserves as per Balance Sheet of previous accounting year 6, ,301.32

2 18 Debenture Redemption Reserve Earnings Per Share (EPS) a) Basic and diluted EPS before Extraordinary items for the period and for the previous year b) Basic and diluted EPS after Extraordinary items for the period and for the previous year Debt Equity Ratio** Debt Service Coverage Ratio*** Interest Service Coverage Ratio**** Public shareholding Number of shares 388,289, ,495, ,289, ,495, ,289, ,495, ,289, ,495, ,577, ,577,490 Percentage of shareholding Promoters and promoter group Shareholding a) Pledged/Encumbered Number of shares Percentage of shares (as a % of the total shareholding of promoter and promoter group) Percentage of shares (as a % of the total share capital of the company) b) Non encumbered Number of shares 545,653,842, 545,286,492, 545,653,842, 545,286,492, 545,653,842, 545,286,492, 545,653,842, 545,286,492, 545,656,592, 545,656,592, Percentage of shares (as a % of the total shareholding of promoter and promoter group) Percentage of shares (as a % of the total share capital of the company) 25 Share of profits from investments in Associates Minority Interest

3 STATEMENT OF ASSETS AND LIABILITIES AS ON 30 TH SEPTEMBER, Unaudited Standalone Financial Results (Rs. in Crores) Unaudited Consolidated Financial Results 1 Shareholders Funds a) Capital b) Reserves & Surplus 7, , , , c) Employee's Stock Options Outstanding d) Minority Interest Loan Funds 10, , , , Deferred Tax Liability (Net) Total 18, , , , Fixed Assets (including CWIP) 15, , , , Investments 1, , Goodwill on Consolidation Current Assets, Loans and Advances a) Inventories 1, , , , b) Sundry Debtors , c) Cash and Bank Balances d) Loans and Advances 4, , , , Less: Current Liabilities and Provisions a) Liabilities (3,239.10) (2,689.21) (3,734.74) (2,925.82) b) Provisions (1,449.49) (1,014.80) (2,420.65) (1,601.00) 8 Misc. Expenditure (not written off or adjusted) Total 18, , , ,926.00

4 1 2 3 SEGMENT WISE REPORTING OF REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED ON 30 TH SEPTEMBER, Unaudited Standalone Financial Results Unaudited Consolidated Financial Results Standalone Consolidated Audited Financial Results for the year ended (Rs. in Crores) Segment Revenue a) Iron & Steel 2, , , , , , , , , , b) Power , , , , , , c) Others Sub Total 2, , , , , , , , , , Less: Inter segment Revenue Net Sales/Income from Operations 2, , , , , , , , , , Segment Results (Profit(+)/Loss( ) before Tax and interest from each segment) a) Iron & Steel , , , , b) Power , , , c) Others (1.76) (0.96) 0.27 (1.19) 2.86 (3.30) (5.70) (3.53) (11.18) (52.92) Sub Total , , , , , , , , Less : Interest & Other Financial charges Other un allocable expenditure (net of un allocable income) Total Profit Before Tax , , , , , , Capital Employed (Segment Assets Segment Liabilities) a) Iron & Steel 6, , , , , , , , , , b) Power 1, , , , , , , , , , c) Others , , , , , Total Segment Capital Employed 9, , , , , , , , , ,650.99

5 Notes: Unit I of 135 MW was commissioned in September and presently running smoothly.unit II of 135 MW Power Plant being set up at Dongamahua, Raigarh, Chhattisgarh, was synchronised on and is under stabilization. During synchronisation it has achieved 100% Capacity Utilization. Consolidated profit for the quarter ended , includes net profit of Rs Crores in respect of Jindal Power Limited, a subsidiary company, as against Rs Crores for the corresponding quarter last year. During the quarter under review, two units of 250MW were under regular annual maintenance shutdown for 15 and 17 days. No investor complaint was pending on During the quarter ended , 12 (Twelve) complaints were received and resolved. Previous quarter/period figures have been regrouped and reclassified to make them comparable. The above results were reviewed by the Audit Committee and have been taken on record by the Board of Directors in their meeting held on The above standalone results have been reviewed by auditors as per clause 41 of the listing agreement. * ** *** **** Paid up Debt Capital represents Non Convertible Debentures Debt Equity Ratio: Net Debt / Net Worth (Net Debt: Secured Loan + Unsecured Loan Cash & Bank Current Investments) (Net Worth: Equity Share Capital + Reserves & Suplus Miscellaneous Expenditure to the extent not written off or adjusted Foreign Currency Translation Reserve) Debt Service Coverage Ratio: EBIT / (Net Finance Charges + Principal repayment during the year) (EBIT: Profit Before Taxes + Net Finance Charges) Interest Service Coverage Ratio: EBIT / Net Finance Charges Dated : October 26, Place : New Delhi By Order of the Board For JINDAL STEEL & POWER LIMITED NAVEEN JINDAL EXEC. VICE CHAIRMAN & MANAGING DIRECTOR

Accounting year ended

Accounting year ended WENDT (INDIA) LIMITED Regd. Office :105, 1st Floor, Cauvery Block,National Games Housing Complex,Koramangala, Bangalore- 560 047 Financial Results for the Quarter and Half Year ended 30th September 2011