Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of JSW Cement Ltd
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 1,447 | 1,224 | 1,433 | 1,709 | 1,560 | 1,436 | 1,621 | 1,895 |
| Expenses + | 1,279 | 1,139 | 1,317 | 1,469 | 1,237 | 1,169 | 1,336 | 1,530 |
| Operating Profit | 168 | 84 | 116 | 240 | 323 | 268 | 285 | 365 |
| OPM % | 12% | 7% | 8% | 14% | 21% | 19% | 18% | 19% |
| Other Income + | 24 | 27 | 28 | 28 | -1,444 | 34 | 67 | 22 |
| Interest | 110 | 109 | 116 | 114 | 102 | 100 | 87 | 89 |
| Depreciation | 74 | 77 | 81 | 79 | 78 | 80 | 81 | 84 |
| Profit before tax | 8 | -75 | -53 | 76 | -1,302 | 121 | 184 | 215 |
| Tax % | 394% | 2% | 51% | 79% | 5% | 38% | 29% | -68% |
| Net Profit + | -24 | -76 | -80 | 16 | -1,366 | 75 | 131 | 362 |
| EPS in Rs | -0.15 | -0.63 | -0.68 | 0.34 | -13.31 | 0.63 | 1.04 | 2.72 |
Financials of JSW Cement Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 2,897 | 3,853 | 4,634 | 5,810 | 6,002 | 5,785 | 6,512 |
| Expenses + | 2,294 | 3,024 | 3,878 | 5,147 | 5,149 | 5,169 | 5,272 |
| Operating Profit | 603 | 829 | 756 | 663 | 853 | 617 | 1,240 |
| OPM % | 21% | 22% | 16% | 11% | 14% | 11% | 19% |
| Other Income + | 39 | 20 | 195 | 145 | 85 | 100 | -1,321 |
| Interest | 268 | 291 | 315 | 310 | 435 | 450 | 378 |
| Depreciation | 145 | 179 | 238 | 373 | 278 | 310 | 322 |
| Profit before tax | 230 | 379 | 398 | 125 | 224 | -44 | -781 |
| Tax % | 33% | 34% | 41% | 17% | 72% | 275% | 2% |
| Net Profit + | 154 | 250 | 233 | 104 | 62 | -164 | -799 |
| EPS in Rs | 1.56 | 2.53 | 2.48 | 1.39 | 0.91 | -1.12 | -5.55 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | -9% |
Financials of JSW Cement Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 986 | 986 | 986 | 986 | 986 | 986 | 1,341 |
| Reserves | 540 | 839 | 1,144 | 1,306 | 1,478 | 1,366 | 5,209 |
| Borrowings + | 2,969 | 3,189 | 4,622 | 5,641 | 6,254 | 6,563 | 4,464 |
| Other Liabilities + | 1,675 | 1,895 | 2,468 | 2,203 | 2,498 | 2,966 | 3,521 |
| Total Liabilities | 6,169 | 6,909 | 9,221 | 10,136 | 11,216 | 11,881 | 14,535 |
| Fixed Assets + | 3,293 | 4,224 | 4,573 | 4,645 | 6,189 | 6,785 | 8,498 |
| CWIP | 920 | 294 | 876 | 1,591 | 770 | 1,038 | 958 |
| Investments | 320 | 354 | 484 | 714 | 759 | 345 | 290 |
| Other Assets + | 1,636 | 2,036 | 3,288 | 3,186 | 3,498 | 3,714 | 4,789 |
| Total Assets | 6,169 | 6,909 | 9,221 | 10,136 | 11,216 | 11,881 | 14,535 |
Financials of JSW Cement Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 723 | 783 | 339 | 653 | 1,408 | 737 | 1,170 |
| Cash from Investing Activity + | -765 | -686 | -1,530 | -1,808 | -1,120 | -558 | -1,649 |
| Cash from Financing Activity + | 119 | -95 | 1,260 | 1,041 | -221 | -232 | 861 |
| Net Cash Flow | 77 | 1 | 69 | -114 | 67 | -53 | 382 |
| Free Cash Flow | 169 | 170 | -715 | -979 | 476 | -409 | -791 |
| CFO/OP | 127% | 101% | 54% | 115% | 177% | 125% | 95% |
Financials of JSW Cement Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 53 | 59 | 60 | 45 | 48 | 49 | 48 |
| Inventory Days | 261 | 128 | 143 | 104 | 132 | 105 | 135 |
| Days Payable | 448 | 334 | 336 | 253 | 339 | 305 | 322 |
| Cash Conversion Cycle | -134 | -147 | -133 | -103 | -159 | -150 | -140 |
| Working Capital Days | -115 | -106 | -24 | -29 | -116 | -95 | -90 |
| ROCE % | 15% | 12% | 6% | 8% | 5% | 11% |