Synopsis:
JSW Cement shares rose over 3.5% after reporting mixed Q1FY26 results with strong operational performance but a large exceptional loss impacting net profit.
One of India’s leading manufacturer of green cement is in the spotlight today after declaring financial results for Q1FY26. Check the article below to know about their performance and operational updates.
With a market capitalization of Rs. 21,517.99 crore, the shares of JSW Cement Ltd were trading at Rs. 159.20, up by 3.56 percent from its previous closing price of Rs. 153.73. The stock has reached a high of Rs. 159.45 in today’s trading session
Q1FY26 Results
In Q1FY26, the company’s revenue stood at Rs. 1,559.82 crore, marking a 7.8 percent YoY increase from Rs. 1,447.23 crore in Q1FY25, but a 8.7 percent decline QoQ from Rs. 1,709.39 crore in Q4FY25.
EBITDA grew significantly to Rs. 322.7 crore, up 38.7 percent YoY and 28.5 percent QoQ from Rs. 232.5 crore and Rs. 251.2 crore, respectively, reflecting operational improvement. Similarly EBITDA margin for the first quarter stands at 20.7 percent compared to 16.1 percent in Q1 FY25 and 14.7 percent in Q4 FY25.
However, the company reported a substantial loss of Rs. 1,366.4 crore in Q1FY26, compared with a loss of Rs. 23.9 crore in Q1FY25 and a profit of Rs. 16.21 crore in Q4FY25. This steep decline was largely due to exceptional item expenses amounting to Rs. 1,466.38 crore.
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Other Updates
JSW Cement reported a total volume sale of 3.31 million MT in the first quarter, up 7.8 percent YoY from 3.07 million MT but down 11.2 percent from QoQ from 3.73 million.
In Q1 FY26, cement sales rose 10 percent YoY from 1.68 million MT to 1.85 million MT but 12 percent down QoQ from 2.1 million MT whereas GGBS sales increased 5 percent YoY from 1.24 million MT to 1.30 million MT but decreased 12.6 percent on a QoQ basis from 1.49 million MT.
CAPEX
JSW Cement continues its expansion to achieve 41.85 MTPA grinding and 13.04 MTPA clinker capacity, with the 1 MTPA Sambalpur unit commissioning by September 2025 and the 3.3 MTPA clinker + 3.5 MTPA grinding Nagaur unit on schedule. Regulatory approvals are underway for the 2.75 MTPA Talwandi Sabo unit. The company spent ₹456 crore on capex, including maintenance, in Q1FY26.
About the company
JSW Cement is a leading Indian cement manufacturer with a 20.6 MTPA grinding capacity and 6.44 MTPA clinker capacity, operating across South, West, and East India. It is one of the fastest-growing cement companies in India, with a 12.96 percent CAGR in grinding capacity and 16.73 percent sales volume CAGR.
The company has an integrated manufacturing setup using slag, limestone, and clinker, and is the largest producer of GGBS in India, selling 5.18 MMT (41 percent of total volume). It focuses on low CO₂ emission and sustainable products, with 52 percent lower emission intensity than peers and 77.4 percent green cement sales of total sales.
JSW Cement has an extensive distribution network of more than 13,000 dealers and over 6,000 direct customers, enjoys 52.9 percent trade share, and benefits from strong JSW Group synergies and brand trust.
Written By Akshay Sanghavi
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