ALFA Finder| Management target | Revenue 15.0% FY27 |
|---|
| Revenue growth | FY26 revenue up 12% YoY; Q4 revenue up 11% YoY. |
|---|---|
| Margins | EBITDA margin improved 460 bps YoY to 19.3% in Q4. |
| Demand visibility | Softness in April/May due to elections; recovery expected from June onwards. |
| Management confidence | Balanced; optimistic on long-term India growth despite near-term inflationary headwinds. |
Growth
FY26 revenue grew 12% YoY to ₹6,512 Cr; volumes up 11%. Operating EBITDA jumped 44% YoY.
Outlook
Targeting 43.5 MTPA capacity by FY30; Rajasthan expansion to 6 MTPA expected by Q4FY28.
Risks
Punjab EC delays forcing capex redirection; election-led labor shortages and West Asia fuel volatility impacting Q1FY27.
Last quarter's promises, checked
Delivered
- Guided Nagaur plant start March 2026 → Delivered March 30, 2026 (= BEAT)
- Guided FY26 Capex ~INR 2,468 Cr → Delivered INR 2,468 Cr (= BEAT)
- Guided 50% cost savings realization → Delivered >50% achieved (= BEAT)
Partly delivered
- Guided GGBS growth → Delivered 5.4% Q4 growth vs 12% FY average (= PARTIAL)
Missed
- Guided Punjab Mansa plant timeline → Delayed due to EC issues (= MISS)
Earnings Call Transcript filed with BSE, NSE: JSWCEMENT. Summary written with AI assistance from the document.
JSW Cement Ltd: key numbers
- Share price
- ₹125.07
- Market cap
- ₹17,052 Cr
- Revenue (annual)
- ₹6,512 Cr
- Net profit (annual)
- ₹-756.3 Cr
- P/E (TTM)
- 22.4×Sector 33.5×
- Promoter holding
- 72.02%+0.00% QoQ
- FII holding
- 4.59%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from JSW Cement Ltd
All →JSW Cement Earnings Call Transcript: Key Takeaways
Consolidated revenue ₹1,912 Cr (+33% YoY) was volume-led, while operating EBITDA rose only 4% YoY to ₹278 Cr on price softness and fuel inflation. North turned marginally EBITDA-positive.
JSW Cement Credit Rating
CRISIL reaffirmed JSW Cement's long-term rating at AA-/Stable and its short-term ratings at A1+. No new borrowing or fund raise is announced.
JSW Cement Investor Presentation: Key Takeaways
Q2 FY27: Revenue ₹1,912 cr (+33.1% YoY), Op. EBITDA ₹278 cr (+3.9%), PAT ₹77.6 cr (+3.0%). Volume-led growth; North (Nagaur) ramp-up; approved capacity to 43.3 MTPA grinding.
JSW Cement Results Update
Q2 FY27 revenue rose 33% YoY to ₹1,912 crore; PAT was ₹77.6 crore. Release also covers a proposed Shiva Cement amalgamation.
JSW Cement Q2 FY27 Results: Net Profit ₹77.6 Cr, Up 2.9% YoY
JSW Cement Ltd reported revenue from operations of ₹1,912 Cr (+33.1% YoY) and net profit of ₹77.6 Cr (+2.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹77.6 Cr · +2.9% YoY
JSW Cement Other Announcement
JSW Cement Ltd has submitted its quarterly shareholding pattern report for the period ended September 30, 2026. This filing is a routine regulatory disclosure.