JSW Cement turns profitable in Q2 with Rs 75 crore net; sales, volumes rise sharply
JSW Cement Ltd has swung back to profitability in the September quarter of FY26, posting a net profit of Rs 75.36 crore compared with a loss of Rs 75.82 crore in the same quarter last year. The turnaround was driven by robust sales volumes and improved operational efficiencies, the company said in a regulatory filing on Friday.
Revenue from operations increased 17% from the year-ago period to Rs 1,436.43 crore, aided by higher demand and better price realisations. Total income, including other income, stood at Rs 1,460.06 crore, while total expenses rose to Rs 1,348.72 crore during the quarter.
Cement sales volumes grew to 3.11 million tonnes (MT) in Q2 FY26, up from 2.71 MT a year earlier. For the first half of the fiscal, the company’s consolidated income was Rs 3,041.93 crore.
JSW Cement also reported a significant reduction in net debt, which came down to Rs 3,231 crore as of September 30, 2025, from Rs 4,566 crore three months earlier. The decline was attributed mainly to the inflow of IPO proceeds.
This was JSW Cement’s second quarterly result since its stock market debut on August 14, 2025. The company said it spent Rs 509 crore in capital expenditure during the September quarter, taking total capex for the first half to Rs 964 crore, including maintenance projects.
In a separate filing, the board approved a Power Purchase Agreement with JSW Green Energy Fifteen Ltd, a subsidiary of JSW Energy, to buy solar power from a captive plant. As part of the deal, JSW Cement will acquire a 26% equity stake in the energy arm for Rs 21.78 crore.
JSW Cement currently operates with a grinding capacity of 21.6 million tonnes per annum (MTPA) and plans to nearly double it to 41.85 MTPA along with 13.04 MTPA of clinker capacity, expanding its manufacturing footprint across India.
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