JSW Cement shares surge over 9% on reporting profit of ₹142 crore in December quarter

JSW Cement post market hours on Wednesday reported net profit of ₹142 crore in the third quarter of current financial year (Q3FY26) compared with a loss of ₹69 crore in the same period last year.

JSW Cement's revenue from operations advanced 13% in October-December period to ₹1,621 crore from ₹1,433 crore a year earlier.

The company reported strong operational performance as its EBITDA (earnings before interest, taxes, depreciation, and amortization) also known as operating profit jumped 93% to ₹285 crore and its EBITDA margin improved by 730 basis points to 17.6%.

"During the quarter, Total volume sold increased by 14% YoY to 3.56 million Tonnes. Of this, Cement volume sold was 1.89 million tonnes representing an increase of 7% YoY, versus 1.77 million tonnes in Q3 FY25. The volume sold of Ground Granulated Blast Furnace Slag (“GGBS”) was 1.53 million tonnes representing an increase of 17% YoY, versus 1.31 million tonnes in Q3 FY25," JSW Cement said in a press release.

“The Company 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. Commissioning of the first phase of the Nagaur integrated unit in Rajasthan, comprising 3.3 MTPA clinker capacity and 2.5 MTPA grinding capacity, is expected in Q4 FY26,” JSW Cement added.

During Q3FY26 and first nine months of current fiscal year, JSW Cement incurred capex (including maintenance capex) of ₹491 crore and ₹1,455 crore respectively.

The company also said that it will avail a loan for setting up a cement grinding unit (GU) of 1.65 million tonnes per annum (MTPA) in Fujairah, UAE.

Meanwhile, JSW Cement shares were witnessing higher than usual trading activity as trading volume spiked by 22 times on the NSE to 2.51 crore shares compared with an average trading volume of 11.55 lakh shares.

On the BSE, as many as 24.79 lakh shares changed hands compared with an average of 1.17 lakh shares traded daily in the past two weeks.

As of 10:46 am, JSW Cement shares traded 8.56% higher at ₹126.08, outperforming the NIFTY 500 index which was down 0.7%.