JSW Cement Ltd

JSW Cement has today signed a Securities Purchase Agreement amongst Nuvoco Vistas Corporation (Purchaser), JSW Cement (the Company - Seller 1 therein) and Alpha Alternatives Holdings (Seller 2 therein) (together, the Sellers) and Algebra Endeavour (Algebra) for the transfer of 100% of the securities of Algebra respectively held by the Sellers to the Purchaser. Powered by Capital Market - Live

JSW Cement has on 11 November 2025 signed a Power Purchase Agreement with JSW Green Energy Fifteen for purchase of solar power from captive solar energy power plant and for subscribing to 26% equity stake in JSW Green Energy Fifteen. Powered by Capital Market - Live

On a consolidated basis, its revenue rose 17.4% year-on-year to Rs 1,436.4 crore, compared with Rs 1,223.7 crore in Q2 FY25, supported by a 15% YoY rise in total sales volume to 3.11 million tonnes. Of this, cement sales stood at 1.64 million tonnes (up 7% YoY), while round Granulated Blast Furnace Slag (GGBS) volumes surged 21% YoY to 1.38 million tonnes. The company posted a sharp recovery at the bottom line, with profit before tax (PBT) turning positive at Rs 121.3 crore versus a pre-tax loss of Rs 74.5 crore in the year-ago period. Adjusted profit after tax (PAT) stood at Rs 75.4 crore, compared with a loss of Rs 39.9 crore in Q2 FY25. Operating EBITDA climbed 64.2% YoY to Rs 267.5 crore, while total EBITDA increased 53% to Rs 291.2 crore. Operating EBITDA per ton was Rs 860 in Q2 FY26 as against Rs 602 in Q2 FY25. Operating EBITDA margin was 18.6% in Q2 FY26, as against 13.3% in Q2 FY25. On the expense side, operating costs grew 10.2% YoY to Rs 1,168.9 crore, while finance costs declined 8.3% YoY to Rs 100.3 crore. Depreciation remained steady at Rs 79.5 crore as against Rs 76.8 crore in Q2 FY25. JSW Cement also reduced its net debt to Rs 3,231 crore from Rs 4,566 crore as of 30 June 2025, largely due to IPO proceeds. The company continues to advance its pan-India capacity expansion, targeting 41.85 MTPA of grinding capacity and 13.04 MTPA of clinker capacity, with Rs 509 crore capex incurred in Q2 and Rs 964 crore in H1 FY26. JSW Cement is a part of the JSW Group. As of 30 September 2025, the company had a cement grinding capacity of 21.60 MTPA. The company is among the top three fastest growing cement manufacturing companies in India in terms of increase in installed grinding capacity and sales volume from Fiscal 2015 to Fiscal 2025. The company's product portfolio consists of blended cement (including portland slag cement, portland pozzolana cement and portland composite cement), GGBS, ordinary portland cement, clinker and a range of allied cementitious products such as ready mix concrete, screened slag, construction chemicals and waterproofing compounds. Shares of JSW Cement fell 0.74% to settle at Rs 127.55 on 7 November 2025. Powered by Capital Market - Live

JSW Cement will hold a meeting of the Board of Directors of the Company on 7 November 2025.Powered by Capital Market - Live

JSW Cement has commissioned vide its subsidiary Shiva cement, a new state-of-the-art cement grinding unit at Sambalpur in Odisha. In keeping with the company's strategy to strengthen its market presence in eastern India with an objective of meeting the growing demand in the region, the new facility has been funded and supervised by its majority-owned subsidiary Shiva Cement, vide a commercial arrangement with Bhushan Power and Steel Limited ('BPSL'), with a capacity to produce 1.0 MTPA exclusively for use and consumption by Shiva Cement. With this, the total installed capacity of JSW Cement, including that of its subsidiaries goes up to 21.6 MTPA. Shiva Cement has its manufacturing facility strategically located at the geographical border of three Indian states - Odisha, Chhatisgarh and Jharkhand with close proximity to the raw materials required for the production.  JSW Cement continues to make progress on its approved expansion program to develop a pan India presence and reach 41.85 MTPA of grinding capacity along with 13.04 MTPA of clinker capacity. Work on the Nagaur integrated unit in Rajasthan, comprising 3.30 MTPA clinker capacity and 3.5 MTPA grinding capacity is expected to be commissioned as per plan. The Company continues to have lowest carbon dioxide emission intensity in the industry, with emission intensity of 277 kg CO2 per ton of cementitious materials in Q1 FY26. Powered by Capital Market - Live

JSW Cement will hold a meeting of the Board of Directors of the Company on 2 September 2025.Powered by Capital Market - Live

The scrip was listed at Rs 153, exhibiting a premium of 4.08% to the issue price. So far, the stock has hit a high of Rs 154.70 and a low of Rs 145.05. On the BSE, over 81.28 lakh shares of the company were traded in the counter so far. The initial public offer of JSW Cement was subscribed 7.77 times. The issue opened for bidding on 7 August 2025 and it closed on 11 August 2025. The price band of the IPO is fixed between Rs 139 and 147 per share. The IPO consists of a fresh issue of Rs 1600 crore and an offer for sale of Rs 2000 crore. The selling shareholders include AP Asia Opportunistic Holdings Pte, which will offload 63387755 equity shares at the upper price band, aggregating Rs 931.8 crore; Synergy Metals Investment Holding, which will offload 63843537 equity shares at the upper price band, aggregating Rs 938.5 crore; and State Bank of India, which will offload 8823129 equity shares at the upper price band, aggregating Rs 129.7 crore. Out of the proceeds from the fresh issue, Rs 800 will be used to partially finance the cost of establishing a new integrated cement unit in Nagpur, Rajasthan; Rs 520 crore will be used for repayment/prepayment/redemption, in full or in part, of certain borrowings availed of by the company; and the balance for general corporate purposes. JSW Cement (JSWCL) is a leading manufacturer of green cement in India and part of the diversified JSW Group. It operates seven plants across India with a total installed grinding capacity of 20.60 MMTPA and clinker capacity of 6.44 MMTPA as of 31 March 2025. The company produces eco-friendly cement products such as Portland slag cement, Portland composite cement, and GGBS, along with OPC, ready-mix concrete, and other allied products. JSWCL is expanding its footprint through greenfield and brownfield projects, aiming to double its grinding and clinker capacities. Ahead of the IPO, JSW Cement, on 4 August 2025, raised Rs 1,079.99 crore from anchor investors. The board allotted 73.46 lakh shares at Rs 147 each to 52 anchor investors. The firm reported a consolidated net loss of Rs 114.09 crore and sales of Rs 5,813.07 crore for the twelve months ended on 31 March 2025.Powered by Capital Market - Live

The equity shares of JSW Cement (Scrip Code: 544480) are listed effective 14 August 2025'and admitted to dealings on the Exchange in the list of ''B'' Group Securities.'In the pre-open session'on the BSE, the indicative price of the stock is at a premium of 4.15% over the IPO price of Rs 147. Powered by Capital Market - Live