JSW Cement Board Approves Q3 Results, Re-appoints Directors, Plans UAE Subsidiary
JSW Cement's Board approved Q3 FY26 results, reporting standalone profit after tax of ₹149.46 crore and consolidated profit of ₹130.62 crore. Mr. Parth Jindal was re-appointed MD, and Mr. Pankaj Kulkarni as Independent Director. The company will establish a wholly-owned subsidiary in Fujairah, UAE, with a ₹39 million capex plan.
The decision to establish a new subsidiary in a foreign market (UAE) with significant capital expenditure and a corporate guarantee represents a major strategic move with potential for substantial future growth and financial impact.
The company reported profits for the quarter and approved strategic expansion plans, along with key management re-appointments, indicating positive operational and strategic progress.
JSW Cement Limited announced the outcome of its Board Meeting held on February 4, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Key decisions included the re-appointment of Mr. Parth Jindal as Managing Director effective June 20, 2026, subject to shareholder approval. Mr. Pankaj Kulkarni was re-appointed as an Independent Director for a second term of five years effective April 1, 2026, also subject to shareholder approval. Neither director is debarred from holding office.
The company also proposed the incorporation of a Wholly Owned Subsidiary in Fujairah, UAE, to set up a cement grinding unit with a capacity of 1.65 million tonnes per annum (MTPA). The estimated capital expenditure for this unit is approximately USD 39 million, to be funded through a mix of debt and equity. JSW Cement will also provide a corporate guarantee of up to USD 29.25 million for a foreign currency term loan for the subsidiary.
The financial results for the quarter ended December 31, 2025, showed a profit after tax of ₹149.46 crore on a standalone basis and a profit of ₹130.62 crore on a consolidated basis. The company reported revenue from operations of ₹1,478.67 crore (standalone) and ₹1,621.22 crore (consolidated) for the quarter.
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