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JSW Cement Ltd reported a sharp rise in consolidated net profit for the March quarter, supported by strong cement and GGBS sales growth. The company posted a profit of INR 361.65 crore compared to INR 16.21 crore in the year-ago period, while revenue from operations also increased. Sales volumes across cement and slag segments remained strong during both the quarter and FY26. Despite the quarterly growth, the company reported a higher annual net loss due to exceptional financial expenses. JSW Cement also approved a new capacity expansion project at its Nagaur plant in Rajasthan to strengthen its production footprint in North India.
JSW Cement Ltd reported a strong increase in consolidated net profit for the quarter ended March 31, helped by higher cement demand, improved sales volumes and growth in its slag business. Advertisement
The company posted a consolidated net profit of INR 361.65 crore during the March quarter compared to INR 16.21 crore in the corresponding period of the previous financial year, according to a regulatory filing released on Thursday.
Consolidated revenue from operations rose to INR 1,894.99 crore from INR 1,709.39 crore in the year-ago period, reflecting steady growth in cement dispatches and infrastructure-linked demand. Total expenses during the quarter increased to INR 1,702.3 crore compared to INR 1,661.85 crore a year earlier due to higher operational activity and input costs.
The company said total sales volumes during the quarter increased 7 per cent to 3.99 million tonnes. Cement sales volumes rose 12 per cent to 2.35 million tonnes from 2.10 million tonnes recorded in the same quarter last year.
Ground granulated blast furnace slag (GGBS) sales volumes grew 5 per cent to 1.57 million tonnes against 1.49 million tonnes a year ago. GGBS demand has remained supported by infrastructure projects and blended cement usage, particularly in urban construction and industrial developments.
The board of directors recommended a dividend of 50 paise per equity share of face value INR 10 for FY26.
For the full financial year, the company reported a consolidated net loss of INR 798.78 crore, higher than the INR 163.76 crore loss recorded in FY25. JSW Cement said the annual loss was mainly impacted by an exceptional item outgo of INR 1,504.48 crore related to fair value expenses arising from financial instruments.
Despite the annual loss, the company reported growth in topline performance. Consolidated revenue from operations during FY26 increased to INR 6,512.46 crore from INR 5,813.07 crore in the previous financial year.
Total volumes sold during FY26 increased 11 per cent to 13.96 million tonnes. Cement volumes grew 9 per cent to 7.73 million tonnes, while GGBS volumes increased 12 per cent to 5.78 million tonnes. The company has been focusing on expanding its blended cement portfolio as demand for sustainable and cost-efficient building materials continues to rise in India’s infrastructure and housing sectors.
JSW Cement also approved an expansion at its Nagaur integrated unit in Rajasthan. The board cleared an additional cement grinding capacity of 2.5 million tonnes per annum (MTPA) at an estimated investment of INR 430 crore. After the expansion, the total grinding capacity at the Nagaur facility will increase to 6 MTPA.
The Rajasthan expansion comes as several cement manufacturers continue to increase capacities across northern and western India to meet rising demand from roads, urban housing, industrial parks and government infrastructure projects. JSW Cement has also been strengthening its regional presence over the last few years through capacity additions and operational expansion in key markets.
Source PTI
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