JSW Cement Q2 FY27 Revenue Jumps 33% YoY to ₹1,912 Crore; Amalgamation with Shiva Cement Approved
JSW Cement reported Q2 FY27 revenue of ₹1,912 crore, up 33% YoY, with Operating EBITDA at ₹277.8 crore and PAT of ₹77.6 crore. Total volume sold increased 26% to 3.93 million tonnes. The company's Board approved the amalgamation of its subsidiary, Shiva Cement, expected to complete in 12-14 months.
The significant revenue growth, coupled with the strategic amalgamation of Shiva Cement, will have a substantial impact on the company's future performance and market position.
The company reported strong year-on-year growth in revenue and sales volume, along with positive PAT. The approved amalgamation with Shiva Cement is expected to create synergies.
JSW Cement Limited has announced its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. In Q2 FY27, the company reported a significant 33% year-on-year increase in revenue from operations, reaching ₹1,912 crore, compared to ₹1,436 crore in Q2 FY26.
Total sales volume grew by 26% year-on-year to 3.93 million tonnes in Q2 FY27. Cement volume sold increased by 39% to 2.29 million tonnes, while Ground Granulated Blast Furnace Slag (GGBS) volume saw a 7% rise to 1.47 million tonnes. The company's Operating EBITDA for the quarter stood at ₹277.8 crore, a 4% increase year-on-year, with a Profit After Tax (PAT) of ₹77.6 crore.
For the half-year ended September 30, 2027 (H1 FY27), total sales volume increased by 20% year-on-year to 7.73 million tonnes. Revenue from operations grew by 27% year-on-year to ₹3,809 crore, while operating EBITDA was ₹576.0 crore.
The company also provided an update on its growth strategy, including the commissioning of a 1.0 MTPA grinding mill at the Nagaur Integrated Unit, taking its total cement grinding capacity there to 3.5 MTPA. Additionally, 36 MW of wind capacity was added, bringing the total renewable capacity to 167 MW.
A key business update includes the approval by the Boards of Directors of JSW Cement and its subsidiary, Shiva Cement Limited, for a scheme of arrangement involving the amalgamation of Shiva Cement with and into JSW Cement. This consolidation aims to create a unified cement platform. The transaction, subject to regulatory approvals, is expected to be completed within 12-14 months. Under the scheme, JSW Cement will issue 5 equity shares of face value ₹10 for every 41 equity shares of face value ₹2 held in Shiva Cement.
JSW Cement also highlighted its sustainability efforts, receiving the Climate Action Pioneers Award 2026, CII Award for Excellence in R&D 2026, and an award for Sustainability Excellence by the Indian Chamber of Commerce.
What to do with a filing like this
JSW Cement Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by JSW Cement Limited. Read the original for the full detail.