JSW Cement Q4 FY26 Results: Revenue Up 11% to ₹1,895 Crore, EBITDA Jumps 46%
JSW Cement reported Q4 FY26 revenue of ₹1,895 crore, up 11% YoY, with EBITDA at ₹365 crore, up 46% YoY. Full-year revenue was ₹6,512 crore. The company commissioned its Nagaur, Rajasthan plant in March 2026 and approved further capacity expansion there. A dividend of ₹0.50 per share is recommended.
The results show significant financial growth and strategic expansion, including the commissioning of a new integrated plant in a key region and further capacity approvals, which are material developments for the company's future.
The company reported strong year-on-year growth in revenue and EBITDA, successfully commissioned a new plant, and announced further capacity expansions, indicating positive operational and strategic performance.
JSW Cement Limited announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported a 7% year-on-year increase in total sales volume to 3.99 million tons for Q4 FY26. Cement volume grew by 12% year-on-year to 2.35 million tons, while GGBS volume increased by 5.4% year-on-year to 1.57 million tons.
Revenue for Q4 FY26 increased by 11% year-on-year to ₹1,895 crore. Operating EBITDA saw a significant jump of 46% year-on-year to ₹365 crore, translating to ₹916 per ton, an improvement of 36% over the previous year. The operating EBITDA margin stood at 19.3%, a 460 basis points increase compared to the same quarter last year. Total EBITDA, including other income, was ₹386 crore, up 42% year-on-year.
For the full year FY26, sales volume increased by 11% to 13.96 million tons. Revenue grew by 12% to ₹6,512 crore. Operating EBITDA for the year was ₹1,240 crore, a 44% year-on-year increase, equating to ₹888 per ton. The Board has recommended a dividend of ₹0.50 per equity share.
The company highlighted the successful commencement of commercial operations for its integrated plant at Nagaur, Rajasthan, in March 2026, with a clinker capacity of 3.3 million tons and grinding capacity of 2.5 million tons. This plant is a strategic move to enter the northern Indian market.
JSW Cement also provided an update on its capacity expansion program. The Nagaur plant will see an additional 1 million ton grinding capacity and waste heat recovery system commissioned in the coming months, increasing its grinding capacity to 3.5 MTPA. Furthermore, the Board has approved an additional 2.5 MTPA cement grinding capacity at Nagaur, taking the total to 6 MTPA, with an estimated investment of ₹430 crore, expected to commission by Q4 FY28. The overall expansion plan aims to reach a grinding capacity of 46 MTPA with a clinker capacity of 13.04 MTPA.
Management expressed optimism about the Indian economy's medium-term growth story, despite near-term uncertainties arising from the West Asia crisis and inflationary pressures. The company is carefully monitoring the situation and remains prepared to adapt. The demand environment in April 2026 was soft due to these factors, along with labor shortages and election impacts in some key states, but activity is expected to normalize.
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.