JSW Cement Posts Strong Q3 FY26 Results with Profit of ₹130.62 Crore
JSW Cement Ltd, a key player in the Indian cement industry and part of the USD 23 billion JSW Group, has announced its financial results for the third quarter of the fiscal year 2025-26 (Q3 FY26). The company reported a significant turnaround, posting a profit of ₹130.62 crore for the December quarter, a notable improvement from the loss of ₹80.22 crore recorded in the same period last year.
Revenue Growth and Operational Highlights
Revenue from operations saw a robust increase of 13.15 per cent year-on-year, reaching ₹1,621.22 crore in Q3 FY26, compared to ₹1,432.74 crore in the corresponding quarter of FY25. This growth was primarily driven by an increase in sales volume, as highlighted in the company's earnings presentation.
Operating EBITDA improved substantially by 31.5 per cent year-on-year to ₹285.1 crore, equating to ₹802 per metric tonne (MT). This enhancement reflects the company's operational efficiency and cost management strategies.
Volume Sales and Cost Analysis
Total volume sales increased by 3.56 per cent to 3.56 million tonnes (MT) in Q3 FY26, up from 3.12 MT in the year-ago quarter. However, the company noted a decline in cement realization by 3.9 per cent on a quarter-on-quarter basis, indicating some pricing pressures in the market.
Total expenses for the quarter stood at ₹1,504.10 crore, marking a modest increase of 1.52 per cent. JSW Cement attributed this to a slight rise in combined input costs, primarily due to higher blended fuel consumption costs and an increase in inter-plant transfer of raw materials.
Exceptional Items and Financial Position
The company reported an exceptional item (net loss) of ₹33.66 crore in the December quarter, mainly resulting from the implementation of the new Labour Codes. Excluding this, the profit before exceptional items and tax was ₹217.95 crore for the quarter under review.
Total income, which includes other income, rose by 16.84 per cent to ₹1,707.36 crore in Q3 FY26. The net debt position was reported at ₹3,557 crore as of the December quarter.
Capital Expenditure and Capacity Expansion
In terms of capital expenditure, JSW Cement incurred ₹491 crore during Q3 FY26. As of December 31, 2025, the company had a cement grinding capacity of 21.60 million tonnes per annum (MTPA). Looking ahead, JSW Cement aims to expand its grinding capacity to 41.85 MTPA, along with achieving 13.04 MTPA of clinker capacity, to strengthen its pan-India presence.
These results underscore JSW Cement's resilience and strategic focus in a competitive market, positioning it for sustained growth in the coming quarters.
