JSW Cement Ltd. delivered exceptional financial performance in Q4FY26, with consolidated net profit surging to ₹362 crore compared to just ₹16 crore in the corresponding quarter of the previous year. According to The Economic Times, this dramatic improvement was primarily driven by the absence of exceptional items that had significantly impacted the company's performance in Q4FY25. The cement giant's Q4FY25 had been affected by exceptional items amounting to more than ₹1,500 crore for the full financial year. The strong surge in profit was mainly due to the lower base of last year, which occurred due to a non-cash, exceptional expense. JSW Cement shares jumped 9% on BSE following the strong quarterly results, with the stock reaching an intraday high of ₹131.7 per share before paring some gains to trade 7.56% higher at ₹130 per share.
The company's strong profitability was supported by robust operational performance, with total volume sold during the quarter increasing 7% YoY to 3.99 million tonnes from 3.73 million tonnes last year. As reported by The Economic Times, cement sales volume rose 12% to 2.35 million tonnes compared with 2.10 million tonnes in Q4 FY25, while ground granulated blast furnace slag (GGBS) volume increased 5% year-on-year to 1.57 million tonnes. Operating EBITDA per tonne came in at ₹916 during the quarter, with adjusted figures showing ₹950 per tonne after accounting for forex losses. The company's operational efficiency improved significantly, with operating EBITDA rising 46% YoY to ₹365 crore compared with ₹250 crore in Q4 FY25, and operating EBITDA margins expanding to 19.3% from 14.6% a year earlier.
JSW Cement achieved significant capacity expansion during FY26, commissioning its greenfield integrated cement plant at Nagaur in Rajasthan during March 2026. The Nagaur facility includes a 3.3 million tonne clinkerisation unit and an initial cement grinding capacity of 2.5 million tonnes. The company also commissioned a 1 million tonne grinding unit at Sambalpur, Odisha, through subsidiary Shiva Cement. As per The Economic Times, JSW Cement plans to further expand the Nagaur facility by adding another 2.5 million tonnes of grinding capacity at an estimated investment of ₹430 crore, which will increase total grinding capacity to 6 million tonnes. The company incurred capex of ₹1,962 crore during FY26, including maintenance capex, and maintains cement grinding capacity of 24.1 million tonnes per annum and clinker capacity of 9.74 million tonnes per annum.
For the full financial year FY26, JSW Cement reported revenue from operations of ₹6,512 crore, up 12% YoY, with operating EBITDA jumping 44% to ₹1,240 crore while maintaining an operating EBITDA margin of 19%. The company achieved total sales volume of 13.96 million tonnes during FY26, up 11% YoY, with cement sales volume increasing 9% to 7.73 million tonnes and GGBS sales volume rising 12% to 5.78 million tonnes. JSW Cement continues to maintain one of the lowest carbon emission intensities in the cement industry at 268 kg of CO2 per tonne of cementitious material during FY26. As of March 2026, the company remains India's largest manufacturer of ground granulated blast furnace slag with an estimated market share of around 84% in GGBS sales.
