JSW Cement Ltd

JSW Cement announced that Sudhir Maheshwari (DIN:02376365) Non - Executive - Non Independent Director, has tendered his resignation from the Board of Directors of the Company with effect from the close of business hours on 14 April 2026.

The key equity benchmarks traded with significant gains in early afternoon trade aided by short-covering after sharp losses in the previous session. Sentiment was also supported by easing in crude oil prices. Investors will monitor the ongoing Middle East conflict. The Nifty traded above 23,150 mark. IT stocks rebounded after witnessing selling pressure in the previous session. At 12:25 IST, the barometer index, the S&P BSE Sensex advanced 446.07 points or 0.60% to 74,653.31. The Nifty 50 index rose 152.65 points or 0.67% to 23,155.25. In the broader market, the BSE 150 MidCap Index added 0.83% and the BSE 250 SmallCap Index gained 0.55%. The market breadth was strong. On the BSE, 2,724 shares rose and 1,331 shares fell. A total of 167 shares were unchanged. The rupee hit a record low of 93.3800 against the U.S. dollar, as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict. In the commodities market, Brent crude for May 2026 settlement fell 81 cents or 0.75% to $107.84 a barrel. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.46% to 22.70. The Nifty 30 March 2026 futures were trading at 23,199, at a premium of 43.75 points as compared with the spot at 23,155.25 The Nifty option chain for the 30 March 2026 expiry showed a maximum call OI of 46.7 lakh contracts at the 24,000 strike price. Maximum put OI of 48.4 lakh contracts was seen at the 22,000 strike price. Buzzing Index: The Nifty IT index jumped 1.63% to 29,045.85. The index tumbled 3.31% in the past trading session. Oracle Financial Services Software (up 3.63%), Tech Mahindra (up 3.31%), Persistent Systems (up 2.65%), HCL Technologies (up 2.49%), Infosys (up 1.69%), Mphasis (up 1.6%), Wipro (up 0.91%), Tata Consultancy Services (up 0.83%) and Coforge (up 0.43%) advanced. Stocks in Spotlight: JSW Cement rose 1.22% after the company commissioned its greenfield integrated cement plant in Nagaur, Rajasthan, marking its entry into North India. Indian Renewable Energy Development Agency (IREDA) rose 0.64%. The company's board approved borrowing programme upto Rs 40,000 crore for financial year 2026-27.Powered by Capital Market - Live

The plant comprises a 3.30 MTPA clinkerization unit and a 2.50 MTPA grinding unit. With this, total grinding capacity stands at 24.1 MTPA, while clinker capacity (including JV) is at 9.74 MTPA. An additional 1 MTPA grinding unit is under construction at the site. The project has been funded through a mix of equity and long-term debt, including Rs 800 crore from fresh issue proceeds. JSW Cement is a part of the JSW Group. 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. The company reported a pre-tax profit of Rs 130.62 crore in Q3 FY26 as against a loss of Rs 80.22 crore in Q3 FY25. Net sales rose 13.2% year-on-year to Rs 1,621.22 crore.Powered by Capital Market - Live

JSW Cement will hold a meeting of the Board of Directors of the Company on 4 February 2026.Powered by Capital Market - Live

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