| Revenue growth | Revenue +33.1% YoY to ₹1,912 cr |
|---|---|
| Margins | Op. EBITDA margin 14.5% vs 18.6% YoY; ₹708/MT |
| Demand visibility | Cement volumes +39.5% YoY; GST collections steady |
Growth
Revenue +33.1% YoY, volumes +26.1%, cement volumes +39.5%. H1 revenue +27.1%, but H1 Op. EBITDA -2.3% YoY.
Outlook
Approved expansion to 43.3 MTPA grinding and 13.0 MTPA clinker; future potential 68.3 MTPA. No numeric growth guidance.
Risks
Op. EBITDA/t fell to ₹708 from ₹860 YoY; power, fuel and packing costs rising; below-normal monsoon; RBI hiked 25bps in Oct'26.
Last quarter's promises, checked
Delivered
- Guided ~high-teens FY27 volume growth → Q2 volume +26.1% YoY (Q2 only) (= BEAT)
- Guided Q2 GGBS better than Q1 (+2.6%) → +6.5% YoY (= BEAT)
Partly delivered
- Guided Nagaur 1 MTPA grinding by end-Q2 → commissioned 6 Oct 2026 (= PARTIAL)
- Guided FY27 GGBS high-single-digit growth → Q2 +6.5% YoY, FY unknown (= PARTIAL)
Missed
- Guided board net debt/EBITDA <3.0x → 3.26x TTM (= MISS)
- Guided Q2 fuel ≈ Q1 ₹1.80/Mcal → fuel/power/packing rising; Op. EBITDA/t ₹784 → ₹708 (= MISS)
Investor Presentation filed with BSE, NSE: JSWCEMENT. Summary written with AI assistance from the document.
JSW Cement Ltd: key numbers
- Share price
- ₹115.03
- Market cap
- ₹15,683 Cr
- Revenue (annual)
- ₹6,512 Cr
- Net profit (annual)
- ₹-756.3 Cr
- P/E (TTM)
- 20.6×Sector 31.7×
- 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 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 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.
JSW Cement Legal & Regulatory
The High Court of Orissa allowed JSW Cement's writ petition regarding IPR 2015, directing the determination and release of the company's SGST reimbursement claims within four weeks.
JSW Cement Board Meeting Date
JSW Cement Limited will hold a board meeting on October 27, 2026. The board will consider and approve unaudited financial results for the quarter ended September 2026.