TATA STEEL LTD.

BALANCE SHEET OF TATA STEEL Mar-23 Mar-22 Mar-21

******IN CRORES******
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 1,222.40 1,222.37 1,198.78
TOTAL SHARE CAPITAL 1,222.40 1,222.37 1,198.78
Reserves and Surplus 133,575.11 124,211.39 93,207.56
TOTAL RESERVES AND SURPLUS 133,575.11 124,211.39 93,207.56
TOTAL SHAREHOLDERS FUNDS 134,797.51 125,433.76 94,406.34
NON-CURRENT LIABILITIES
Long Term Borrowings 30,880.89 20,290.81 31,545.41
Deferred Tax Liabilities [Net] 8,684.15 8,087.57 8,517.78
Other Long Term Liabilities 10,436.32 11,824.25 12,602.79
Long Term Provisions 2,555.25 2,685.00 2,572.23
TOTAL NON-CURRENT LIABILITIES 52,556.61 42,887.63 55,238.21
CURRENT LIABILITIES
Short Term Borrowings 7,298.12 11,984.66 984.68
Trade Payables 18,082.40 21,091.14 13,426.21
Other Current Liabilities 19,975.84 19,506.61 14,579.80
Short Term Provisions 1,080.94 1,082.42 1,076.91
TOTAL CURRENT LIABILITIES 46,437.30 53,664.83 30,067.60
TOTAL CAPITAL AND LIABILITIES 233,791.42 221,986.22 180,490.93
ASSETS
NON-CURRENT ASSETS
Tangible Assets 90,422.42 93,484.40 96,287.55
Intangible Assets 763.87 806.03 855.73
Capital Work-In-Progress 21,091.92 14,159.32 10,499.49
Other Assets 0 0 0
FIXED ASSETS 112,793.17 108,832.39 108,051.56
Non-Current Investments 44,138.90 43,401.43 29,087.33
Deferred Tax Assets [Net] 0 0 0
Long Term Loans And Advances 32,779.08 30,195.27 7,570.10
Other Non-Current Assets 10,130.75 8,267.56 6,507.54
TOTAL NON-CURRENT ASSETS 199,841.90 190,696.65 151,216.53
CURRENT ASSETS
Current Investments 2,050.40 96.11 7,096.80
Inventories 20,795.56 19,942.94 12,857.51
Trade Receivables 3,351.72 3,280.30 2,878.58
Cash And Cash Equivalents 1,077.33 2,855.29 2,396.90
Short Term Loans And Advances 3,191.21 2,368.01 1,564.37
OtherCurrentAssets 3,483.30 2,746.92 2,480.24
TOTAL CURRENT ASSETS 33,949.52 31,289.57 29,274.40
TOTAL ASSETS 233,791.42 221,986.22 180,490.93

PROFIT & LOSS ACCOUNT OF TATA STEEL Mar-23 Mar-22 Mar-21

******IN CRORES******
INCOME
REVENUE FROM OPERATIONS [GROSS] 127,466.52 127,681.40 82,828.16
Less: Excise/Service Tax/Other Levies 0 0 0
REVENUE FROM OPERATIONS [NET] 127,466.52 127,681.40 82,828.16
TOTAL OPERATING REVENUES 129,006.62 129,021.35 84,132.92
Other Income 3,325.48 1,452.02 755.11
TOTAL REVENUE 132,332.10 130,473.37 84,888.03
EXPENSES
Cost Of Materials Consumed 54,011.50 35,256.98 20,757.04
Purchase Of Stock-In Trade 7,467.30 4,089.03 1,688.84
Operating And Direct Expenses 0 0 0
Changes In Inventories Of FG,WIP And Stock-In Trade -1,142.06 -1,820.87 2,176.56
Employee Benefit Expenses 6,616.29 6,365.80 5,741.94
Finance Costs 3,792.14 2,792.08 4,541.02
Depreciation And Amortisation Expenses 5,434.61 5,463.69 5,469.26
Other Expenses 38,870.96 36,458.65 27,966.07
TOTAL EXPENSES 110,531.40 86,147.27 67,019.49
PROFIT/LOSS BEFORE EXCEPTIONAL,
21,800.70 44,326.10 17,868.54
EXTRAORDINARY ITEMS AND TAX
Exceptional Items -778.78 -235.45 741.3
PROFIT/LOSS BEFORE TAX 21,021.92 44,090.65 18,609.84
TAX EXPENSES-CONTINUED OPERATIONS
Current Tax 4,928.05 11,611.94 -1,329.78
Less: MAT Credit Entitlement 0 0 0
Deferred Tax 598.76 -532.47 2,861.65
Tax For Earlier Years 0 0 0
TOTAL TAX EXPENSES 5,526.81 11,079.47 1,531.87
PROFIT/LOSS AFTER TAX AND BEFORE
15,495.11 33,011.18 17,077.97
EXTRAORDINARY ITEMS
PROFIT/LOSS FROM CONTINUING
15,495.11 33,011.18 17,077.97
OPERATIONS
PROFIT/LOSS FOR THE PERIOD 15,495.11 33,011.18 17,077.97
OTHER ADDITIONAL INFORMATION
EARNINGS PER SHARE
Basic EPS (Rs.) 12.68 270.33 145
Diluted EPS (Rs.) 12.67 270.13 144.99
VALUE OF IMPORTED AND INDIGENIOUS
RAW MATERIALS STORES, SPARES AND
LOOSE TOOLS
Imported Raw Materials 0 0 0
Indigenous Raw Materials 0 0 0
STORES, SPARES AND LOOSE TOOLS
Imported Stores And Spares 0 0 0
Indigenous Stores And Spares 0 0 0
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend 6,233.11 3,007.08 1,145.92
Tax On Dividend 0 0 0
Equity Dividend Rate (%) 360 510 250

CASH FLOW STATEMENT:

CASH FLOW OF TATA STEEL Mar-23 Mar-22 Mar-21

******IN CRORES******
NET PROFIT/LOSS BEFORE
21,021.92 44,090.65 18,609.84
EXTRAORDINARY ITEMS AND TAX
Net Cash Flow From Operating Activities 14,226.93 41,986.12 37,554.77
Net Cash Used In Investing Activities -11,060.61 -34,167.79 -13,665.22
Net Cash Used From Financing Activities -4,978.93 -7,368.05 -23,385.49
Foreign Exchange Gains / Losses 0 0 0
Adjustments On Amalgamation Merger Demerger
0 0 0
Others
NET INC/DEC IN CASH AND CASH
-1,812.61 -1,812.61 -1,812.61
EQUIVALENTS
Cash And Cash Equivalents Begin of Year 2,671.59 2,221.31 1,717.25
Cash And Cash Equivalents End Of Year 858.98 2,671.59 2,221.31

(B) JINDAL STEEL AND POWER LTD.:

BALANCE SHEET:

BALANCE SHEET OF JINDAL STEEL &

Mar-23 Mar-22 Mar-21
POWER

EQUITIES AND LIABILITIES ******IN CRORES******

SHAREHOLDER'S FUNDS
Equity Share Capital 100.5 101.07 102
TOTAL SHARE CAPITAL 100.5 101.07 102
Reserves and Surplus 40,456.35 40,259.41 32,540.11
TOTAL RESERVES AND SURPLUS 40,456.35 40,259.41 32,540.11
TOTAL SHAREHOLDERS FUNDS 40,556.85 40,360.48 32,642.11
NON-CURRENT LIABILITIES
Long Term Borrowings 7,081.75 8,364.95 13,959.75
Deferred Tax Liabilities [Net] 3,985.12 6,683.06 6,238.01
Other Long Term Liabilities 954.33 3,801.30 3,806.06
Long Term Provisions 155.41 138.38 95.71
TOTAL NON-CURRENT LIABILITIES 12,176.61 18,987.69 24,099.53
CURRENT LIABILITIES
Short Term Borrowings 4,793.63 4,960.88 2,750.57
Trade Payables 4,460.50 5,290.48 3,808.86
Other Current Liabilities 4,978.84 5,503.44 5,769.48
Short Term Provisions 63.2 59.28 60.73
TOTAL CURRENT LIABILITIES 14,296.17 15,814.08 12,389.64
TOTAL CAPITAL AND LIABILITIES 67,029.63 75,162.25 69,131.28
ASSETS
NON-CURRENT ASSETS
Tangible Assets 39,511.45 40,975.99 42,649.60
Intangible Assets 572.04 382.27 71.92
Capital Work-In-Progress 2,090.58 731.43 572.41
Other Assets 0 0 0.14
FIXED ASSETS 42,202.22 42,117.84 43,325.68
Non-Current Investments 4,931.55 5,988.56 4,557.32
Deferred Tax Assets [Net] 0 0 0
Long Term Loans And Advances 5,446.69 7,842.35 4,039.38
Other Non-Current Assets 965.34 1,432.32 764.96
TOTAL NON-CURRENT ASSETS 53,545.80 57,381.07 52,687.34
CURRENT ASSETS
Current Investments 761.13 327.42 1,000.21
Inventories 5,463.09 7,050.51 4,591.67
Trade Receivables 1,130.50 1,210.47 1,960.75
Cash And Cash Equivalents 4,022.96 3,055.82 5,687.40
Short Term Loans And Advances 50.19 3,973.70 105.41
Other Current Assets 2,055.96 2,163.26 3,098.50
TOTAL CURRENT ASSETS 13,483.83 17,781.18 16,443.94
TOTAL ASSETS 67,029.63 75,162.25 69,131.28

STATEMENT OF PROFIT AND LOSS:

PROFIT & LOSS ACCOUNT OF JINDAL STEEL

Mar-23 Mar-22 Mar-21
& POWER
******IN CRORES******
INCOME
REVENUE FROM OPERATIONS [GROSS] 58,392.01 54,764.13 32,802.10
Less: Excise/Service Tax/Other Levies 7,789.55 5,752.80 0
REVENUE FROM OPERATIONS [NET] 50,602.46 49,011.33 32,802.10
TOTAL OPERATING REVENUES 51,180.08 49,431.45 33,307.83
Other Income 48.91 102.01 666.11
TOTAL REVENUE 51,228.99 49,533.46 33,973.94
EXPENSES
Cost Of Materials Consumed 22,643.82 19,059.58 8,751.83
Purchase Of Stock-In Trade 1,782.02 1,714.82 1,545.65
Operating And Direct Expenses 1,352.70 1,143.87 821.27
Changes In Inventories Of FG, WIP And Stock-In
-45.03 -711.42 183.04
Trade
Employee Benefit Expenses 874.21 724.59 675.86
Finance Costs 1,285.78 1,414.79 2,186.54
Depreciation And Amortisation Expenses 2,165.94 2,232.16 2,243.45
Other Expenses 15,539.56 12,543.36 8,313.63
TOTAL EXPENSES 45,098.66 38,041.67 24,682.91
PROFIT/LOSS BEFORE EXCEPTIONAL,
6,130.33 11,491.79 9,291.03
EXTRAORDINARY ITEMS AND TAX
Exceptional Items -3,258.26 -323.71 -171.81
PROFIT/LOSS BEFORE TAX 2,872.07 11,168.08 9,119.22
TAX EXPENSES-CONTINUED OPERATIONS
Current Tax 2,596.54 2,449.48 0
Less: MAT Credit Entitlement 0 0 0
Deferred Tax -2,151.30 435.18 2,040.18
Tax For Earlier Years 0 0 -75.27
TOTAL TAX EXPENSES 445.24 2,884.66 1,964.91
PROFIT/LOSS AFTER TAX AND BEFORE
2,426.83 8,283.42 7,154.31
EXTRAORDINARY ITEMS
PROFIT/LOSS FROM CONTINUING
2,426.83 8,283.42 7,154.31
OPERATIONS
PROFIT/LOSS FOR THE PERIOD 2,426.83 8,283.42 7,154.31
OTHER ADDITIONAL INFORMATION
EARNINGS PER SHARE
Basic EPS (Rs.) 24.11 81.21 70.14
Diluted EPS (Rs.) 24.11 81.21 70.14
VALUE OF IMPORTED AND INDIGENIOUS
RAW MATERIALS STORES, SPARES AND
LOOSE TOOLS
Imported Raw Materials 0 0 0
Indigenous Raw Materials 0 0 0
STORES, SPARES AND LOOSE TOOLS
Imported Stores And Spares 0 0 0
Indigenous Stores And Spares 0 0 0
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend 201.01 102.01 0
Tax On Dividend 0 0 0
Equity Dividend Rate (%) 200 300 0

CASH FLOW STATEMENT:

CASH FLOW OF JINDAL STEEL & POWER Mar-23 Mar-22 Mar-21

NET PROFIT/LOSS BEFORE

2,872.07 11,168.08 9,119.22
EXTRAORDINARY ITEMS AND TAX
Net Cash Flow From Operating Activities 6,351.03 14,185.27 9,760.12
Net Cash Used In Investing Activities -3,778.47 -9,406.63 -3,508.73
Net Cash Used From Financing Activities -1,849.79 -7,427.72 -1,080.01
Foreign Exchange Gains / Losses 0 0 0
Adjustments On Amalgamation Merger Demerger
0 0 0
Others
NET INC/DEC IN CASH AND CASH
722.77 -2,649.08 5,171.38
EQUIVALENTS
Cash And Cash Equivalents Begin of Year 2,903.29 5,552.37 380.99
Cash And Cash Equivalents End Of Year 3,626.06 2,903.29 5,552.37
 Mar-20 Mar-19
CRORES******

1,146.13 1,146.12
1,146.13 1,146.12
73,416.99 69,308.59
73,416.99 69,308.59
74,563.12 70,454.71

31,381.96 26,651.19
5,862.28 7,807.00
3,325.34 2,798.63
2,113.56 1,918.18
42,683.14 39,175.00

7,857.27 8.09
10,600.96 10,969.56
11,749.21 13,837.77
663.86 778.23
30,871.30 25,593.65
150,392.56 137,498.36

70,505.66 70,416.82
727.72 805.2
8,070.41 5,686.02
0 0
79,480.43 77,018.31
46,860.91 38,929.25
0 0
199.26 231.16
3,842.77 4,284.06
130,383.37 120,462.78

3,235.16 477.47
10,716.66 11,255.34
1,016.73 1,363.04
1,226.87 718.11
1,607.32 55.92
2,206.45 3,165.70
20,009.19 17,035.58
 150,392.56 137,498.36

Mar-20 Mar-19
CRORES******

58,815.57 68,923.36
0 0.21
58,815.57 68,923.15
60,435.97 70,610.71
404.12 2,405.08
60,840.09 73,015.79

17,407.03 19,840.29
1,563.10 1,807.85
0 0
-564.4 -554.33
5,036.62 5,131.06
3,031.01 2,823.58
3,920.12 3,802.96
23,803.18 24,622.60
52,525.53 56,674.31
8,314.56 16,341.48
-1,703.58 -114.23
6,610.98 16,227.25

1,787.95 6,297.11
0 0
-1,920.77 -603.05
0 0
-132.82 5,694.06
6,743.80 10,533.19

6,743.80 10,533.19
6,743.80 10,533.19

57.11 90.41
57.11 90.4
 0 0
0 0

0 0
0 0

1,489.67 1,145.92
297.71 224.86
100 130

Mar-20 Mar-19
CRORES******
6,610.98 16,227.25
13,453.66 15,193.11
-17,634.66 -16,349.98
4,629.79 -2,887.17
0 0
0 0

-1,812.61 -1,812.61
544.85 4,588.89
993.64 544.85

Mar-20 Mar-19

CRORES******

102 96.79
102 96.79
 23,607.07 22,446.97
23,607.07 22,446.97
23,709.07 22,548.56

12,029.62 12,338.00
3,670.35 3,366.47
3,816.32 3,194.21
75.95 67.96
19,592.24 18,966.64

3,175.47 5,257.37
4,623.90 4,181.88
7,725.49 6,674.12
48.68 43.67
15,573.54 16,157.04
58,874.85 57,672.24

44,406.25 44,293.04
65.55 69.68
810.43 1,584.10
0.14 0.14
45,323.40 45,986.98
1,698.85 1,692.92
0 0
3.42 103.67
337.67 466.89
47,363.34 48,250.46

0 0
3,886.96 3,893.18
963.23 903.6
515.59 100.8
2,427.79 1,619.52
3,717.94 2,904.68
11,511.51 9,421.78
58,874.85 57,672.24

Mar-20 Mar-19
CRORES******
26,057.95 27,431.50
0 0
26,057.95 27,431.50
26,228.24 27,715.97
0 14.45
26,228.24 27,730.42

10,687.67 11,902.71
882.46 1,124.57
0 0
-198.06 -109.71
678.67 619.77
2,610.61 2,895.76
2,287.08 2,307.06
8,495.56 8,309.02
25,348.62 26,901.82
879.62 828.6
0 -1,398.38
879.62 -569.78

0 0
-795.01 0
-491.44 -306.88
-41.62 0
261.95 -306.88
617.67 -262.9

617.67 -262.9
617.67 -262.9

6.09 -2.72
6.09 -2.72

0 0
0 0
 0 0
0 0

0 0
0 0
0 0

Mar-20 Mar-19

879.62 -569.78
7,060.98 6,987.51
-1,366.33 -1,346.56
-5,380.22 -5,675.58
0 0
0 0

314.43 -34.63
66.56 101.19
380.99 66.56