JSW Cement Reports Strong Growth, Achieving ₹1,240.3 Crore Operating EBITDA for FY2026

JSW Cement Reports Strong Growth, Achieving ₹1,240.3 Crore Operating EBITDA for FY2026​

JSW Cement Limited announced its consolidated financial results for the fourth quarter and full year ended March 31, 2026. The company reported significant year-over-year growth across key operational metrics, driven by expansion and increased sales volumes.

The company reported a Q4 FY26 Revenue of ₹1,895 Crore, reflecting an 11% year-on-year (YoY) increase compared to ₹1,709 Crore in Q4 FY25. Operating EBITDA for the quarter stood at ₹365.0 Crore, a 46% YoY increase.

For the full fiscal year 2026, JSW Cement recorded Revenue from operations of ₹6,512 Crore, showing a 12% YoY jump. Operating EBITDA improved significantly to ₹1,240.3 Crore, marking a 44% YoY increase. The company also recommended a dividend of ₹0.5 per equity share of face value ₹10 each, based on the Adjusted Profit after Tax of ₹667.6 Crore for the year.

A detailed comparison of the key financial highlights for Q4 FY26 and FY2026 is provided below:

Operational Growth and Capacity Expansion​

During the fourth quarter, the Total Volume Sold increased by 7% YoY, reaching 3.99 Million Tonnes. Within this period, the cement volume sold saw an increase of 12% YoY to 2.35 Million Tonnes, while Ground Granulated Blast Furnace Slag (GGBS) sales rose by 5% YoY to 1.57 Million Tonnes.

For the entire fiscal year 2026, the company's total volume sold reached 13.96 Million Tonnes, an 11% increase YoY. Cement volume sold grew by 9% YoY to 7.73 Million Tonnes, and GGBS sales saw a robust increase of 12% YoY to 5.78 Million Tonnes.

In terms of expansion, JSW Cement is focused on developing a pan India presence aiming for 46.00 MTPA of grinding capacity and 13.04 MTPA of clinker capacity. The first phase of the Nagaur integrated unit in Rajasthan, featuring a 3.3 MTPA clinker capacity and 2.5 MTPA grinding capacity, was commissioned in Q4 FY26. The Board has also approved an additional 2.5 MTPA cement grinding capacity for the Nagaur unit, which will increase its total grinding capacity to 6.0 MTPA.

The company invested a total of ₹1,962 Crore in capex (including maintenance capex) during FY2026, compared to ₹506 Crore in Q4 FY26.

Business Developments and Sustainability​

The company has maintained a rapid pace of development, which included successfully completing its Initial Public Offering (IPO) on the NSE and the BSE in August 2025. Key operational milestones during FY2026 included launching super-premium cement in the Southern and Eastern regions in July 2025, and commencing production at the state-of-the-art, greenfield integrated cement plant in Nagaur, Rajasthan, in March 2026, marking its first facility in North India.

In terms of sustainability, JSW Cement continued to record the lowest carbon dioxide emission intensity in the industry, at 268 kg CO2 per ton of cementitious materials in FY2026. The group also received recognition for excellence, including the Distinction Award for Excellence in Safety Performance and Safety Practices from the British Safety Council and the Golden Peacock Award for Innovation Management.

JSWCEMENT Stock Price Movement​

As of 2:25 PM, shares of JSW Cement Limited are edging higher in live trading, rallying 6.94% and trading near ₹137.69. The stock is showing strong liquidity, with more than 20.21 million shares transacting in the volatile market session.