JSW Cement Reports Q4 FY26 Results And FY2026 Performance

25 May 2026 CW Team

JSW Cement reported consolidated results for the quarter and year ended 31 March 2026, with total volume sold rising to 3.99 million (mn) tonne (t) in Q4 FY26 from 3.73 mn t a year earlier, a seven per cent increase.

Quarterly revenue was Rs 18,950 mn, up 11 per cent, while operating EBITDA increased to Rs 3,650 mn, a 46 per cent rise, taking the operating EBITDA margin to 19.3 per cent.

Profit after tax for the quarter was Rs 3,617 mn and net debt stood at Rs 36,350 mn.

For FY2026, total volumes sold rose to 13.96 mn t, up 11 per cent, with cement sales of 7.73 mn t and GGBS sales of 5.78 mn t.

Annual revenue was Rs 65,120 mn and operating EBITDA was Rs 12,403 mn, a 44 per cent year on year improvement with a 19.0 per cent margin.

Adjusted profit after tax for the year was Rs 6,676 mn and the board proposed a dividend of Rs 0.5 per equity share of face value Rs 10, subject to approval.

The company completed its listing on the NSE and BSE in August 2025 and recorded a non?cash fair value expense of Rs 14,664 mn arising from CCPS conversion earlier in the year, with no CCPS expense in Q4.

Shiva Cement commissioned a 1.0 MTPA grinding unit at Sambalpur and the Nagaur integrated plant began production with a 3.3 MTPA clinkerisation unit and initial 2.5 MTPA grinding capacity.

Capital expenditure in Q4 and for FY2026 totalled Rs 5,060 mn and Rs 19,620 mn respectively.

The board approved an additional 2.5 MTPA grinding expansion at Nagaur at an estimated investment of Rs 4,300 mn, raising Nagaur grinding capacity to 6.0 MTPA.

The company recognised a Rs 2,112.1 mn reduction in net deferred tax liabilities in Q4 FY26 on adopting the new tax regime and plans a pan?India footprint with planned grinding capacity of 46.00 MTPA and clinker capacity of 13.04 MTPA.

JSW Cement reported an industry?low carbon dioxide emission intensity of 268 kg CO2 per t and received several safety and innovation awards.

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