JSW Cement Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
JSW Cement reported consolidated revenue of Rs 1,896 crores for Q1 FY27, up 22% year-on-year, while operating EBITDA fell 7.5% year-on-year to Rs 299 crores due to fuel cost pressures and marketing investment in the newly launched North region. Total sales volume grew 15% year-on-year to 3.81 million tons, with cement volumes up 27% year-on-year including the North operations. Management discussed the ramp-up of North region utilization, GGBS volume weakness in the quarter, and capacity expansion plans including Nagaur, Punjab, Fujairah and Dolvi.
JSW Cement reported Q4 FY26 revenue of Rs 1,895 crores, up 11% year-on-year, with operating EBITDA of Rs 365 crores, up 46% year-on-year, and an operating EBITDA margin of 19.3%. The company commissioned its integrated Nagaur plant in Rajasthan in March 2026, marking its entry into North India, while flagging soft April demand due to inflationary pressures, labour shortages and elections in some states. Management also detailed capex plans, an additional 2.5 MTPA grinding capacity approval at Nagaur, and cost-saving progress across power, logistics and premiumization.