JSW Cement Q4 FY26 Revenue up 11% to ₹1,895 Cr; Recommends ₹0.5 Dividend
JSW Cement reported Q4 FY26 revenue of ₹1,895 crore, up 11% YoY, and operating EBITDA of ₹365 crore, up 46% YoY. For FY26, revenue was ₹6,512 crore (up 12% YoY) and operating EBITDA was ₹1,240 crore (up 44% YoY). The company recommended a dividend of ₹0.5 per share. Key developments include the commissioning of the Nagaur plant and approval for additional grinding capacity.
The announcement includes strong financial performance metrics, a dividend recommendation, and significant expansion plans, including capex. These are material events that are likely to impact investor sentiment and the company's stock.
The company reported significant year-on-year growth in revenue, operating EBITDA, and profit after tax for both the quarter and the full fiscal year. The recommended dividend also indicates a positive financial outlook.
JSW Cement Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. For the fourth quarter of FY26, the company reported a revenue of ₹1,895 crore, an 11% increase year-on-year from ₹1,709 crore in Q4 FY25. Operating EBITDA for the quarter rose by 46% YoY to ₹365.0 crore, with an operating EBITDA margin of 19.3%. Profit after Tax (PAT) stood at ₹361.7 crore. Total volume sold increased by 7% YoY to 3.99 million tonnes, comprising 2.35 million tonnes of cement (up 12% YoY) and 1.57 million tonnes of GGBS (up 5% YoY).
For the full fiscal year 2026, revenue grew by 12% YoY to ₹6,512 crore, and operating EBITDA increased by 44% YoY to ₹1,240.3 crore, with an operating EBITDA margin of 19.0%. Total volume sold for FY26 was 13.96 million tonnes, up 11% YoY, with cement volume at 7.73 million tonnes (up 9% YoY) and GGBS volume at 5.78 million tonnes (up 12% YoY). Adjusted Profit After Tax for FY2026 was ₹667.6 crore. Based on this, the Board has recommended a dividend of ₹0.5 per equity share, subject to shareholder approval at the Annual General Meeting.
Key business updates for FY2026 include the launch of super-premium cement in July 2025, the successful completion of its IPO on August 14, 2025, the commissioning of a 1.0 MTPA grinding unit by its subsidiary Shiva Cement in October 2025, and the commencement of production at its first North India facility in Nagaur, Rajasthan, in March 2026. The company also became the preferred bidder for mining leases in Assam in March 2026. The company has decided to adopt the new tax regime from FY2026-27 onwards.
JSW Cement continues to focus on its expansion program aiming for 46.00 MTPA of grinding capacity and 13.04 MTPA of clinker capacity. The first phase of the Nagaur integrated unit was commissioned in Q4 FY26. The Board has approved an additional 2.5 MTPA cement grinding capacity at Nagaur with an investment of ₹430 crore. Capex incurred during Q4 FY26 and FY2026 was ₹506 crore and ₹1,962 crore, respectively. The company maintains the lowest carbon dioxide emission intensity in the industry.
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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.
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