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JSW Cement Ltd Q2 FY27 results are out (Jul–Sep 2026) →Revenue ₹1,912 Cr +33.1% YoYSee revenue, profit and what management said. You are viewing Q3 FY26.
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JSW Cement Ltd

Q3 FY26Cement & Cement Products

JSW Cement Q3 FY26: Revenue ₹1,621 Cr

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Revenue
₹1,621Cr
+13.1% YoY
+12.9% QoQ
Net profit
₹131Cr
Turned profitable YoY
+74.7% QoQ
Margin
18%
+10 pp YoY
−1 pp QoQ
Price₹126
Market cap₹18.0K Cr
P/E27.6

The short version

Future growth expectations for JSW Cement based on the presentation are: - Sales Volume Growth: - Total volume sold grew 12.1% YoY to 9.98 mn MT in 9M FY26. JSW Cement shows strong volume growth: 12.1% YoY increase in total volume for 9M FY26.

From JSW Cement Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

Future growth expectations for JSW Cement based on the presentation are: - **Sales Volume Growth:** - Total volume sold grew 12.1% YoY to 9.98 mn MT in 9M FY26. - Medium-term cement demand CAGR projected at 7.5-8.5% (FY26-FY30). - Revenue growth driven by robust sales volume increase (+14% YoY in Q3 FY26). - **Revenue Growth:** - Revenue from operations increased by 7.9% YoY in 9M FY26. - Q3 FY26 revenue up 13.2% YoY to Rs 1,621 crore, primarily due to volume growth. - **Financial Performance:** - Operating EBITDA grew 12.5% YoY in 9M FY26, with significant margin improvements in recent quarters. - Growth strategy includes expanding grinding capacity from 21.6 MTPA to ~41.85 MTPA by CY 2028, and new projects in UAE. - **Sector Outlook:**

2 more points from JSW Cement Ltd's call on revenue

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Profitability & Margins

JSW Cement shows strong volume growth: 12.1% YoY increase in total volume for 9M FY26.

Locked: what JSW Cement Ltd said on margins

Also locked on this page: fundraising

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Capital Expenditure Plans

  • Approved Expansion Program in India targeting capacity growth to ~41.85 MTPA by CY 2028, involving both greenfield and brownfield projects across Odisha, Rajasthan, Punjab, Karnataka, Maharashtra, Madhya Pradesh, and Uttar Pradesh.
  • Planned clinker capacity expansion of 9.74 MTPA and grinding capacity additions in multiple locations.
  • New project approval for a 1.65 MTPA Grinding Unit in Fujairah, UAE via a wholly owned or subsidiary entity, at a capital cost of USD 39 million.

2 more points from JSW Cement Ltd's call on capex

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Top-ranked in Cement & Cement Products

Ranked on what management guided this quarter

Guidance-ranked
1Grasim Inds
Rev 1Mar 3
2J K Cements
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 3Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

In FY22, JSW Cement raised Rs 1,600 crore by issuing Compulsory Convertible Preference Shares (CCPS) to…

Locked: what JSW Cement Ltd said on fundraising

Also locked on this page: margins

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Order Book & Pipeline

For specific order book information, checking additional filings or disclosures beyond this investor presentation would be necessary.

JSW Cement Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

JSW Cement Ltd Q3 FY26 results — key figures

JSW Cement Ltd Q3 FY26 reported results vs Q3 FY25, ₹ crore
₹ CrQ3 FY26Q3 FY25YoYQ2 FY26QoQ
Revenue1,6211,433+13.1%1,436+12.9%
Operating profit (EBITDA)285116+145.7%268+6.3%
Operating margin18%8%+10 pp19%-1 pp
Profit before tax184-53—121+52.1%
Net profit (PAT)131-80—75+74.7%
EPS (₹)1.04-0.68—0.63+65.1%

Source: reported quarterly figures (Screener), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹1.9K Cr, net profit ₹78 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What JSW Cement's management said in earlier quarters

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Frequently Asked Questions

What were JSW Cement Ltd Q3 FY26 results?

Future growth expectations for JSW Cement based on the presentation are: - Sales Volume Growth: - Total volume sold grew 12.1% YoY to 9.98 mn MT in 9M FY26. JSW Cement shows strong volume growth: 12.1% YoY increase in total volume for 9M FY26.

What is JSW Cement Ltd share price analysis?

JSW Cement Ltd currently shows a neutral. The stock trades at a P/E of 27.6 with a market cap of ₹18,002 Cr. Investors should review the full earnings analysis for detailed insights.

Is JSW Cement Ltd planning capital expenditure?

Approved Expansion Program in India targeting capacity growth to ~41.85 MTPA by CY 2028, involving both greenfield and brownfield projects across Odisha, Rajasthan, Punjab, Karnataka, Maharashtra, Madhya Pradesh, and Uttar Pradesh.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.