21 May , 2026 By : Debdeep Gupta
JSW Cement reported a more than ten-fold jump in fourth-quarter profit on May 21, helped by improved demand, following which its shares rose up to 9%.
The JSW Group firm posted consolidated net profit of Rs 371 crore for the quarter ended March 31 from Rs 34 crore a year ago.
India's demand for cement accelerated 6%-7% year-on-year in January and February due to strong growth but moderated in March, according to analysts at HDFC Securities.
Government's GST cut on cement bags to 18% from 28%, effective September, also helped.
Cement companies typically record higher volumes in the fourth quarter, driven by favourable construction weather and the need to meet fiscal year-end targets before the monsoon season begins.
The company's revenue from operations rose 10.9% to Rs 1,895 crore.
Raw material costs jumped 16%, while freight expenses rose 10.7% due to disruptions linked to the Middle East crisis.
Total expenses climbed 2.4% to Rs 1,702 crore. Operating EBITDA margin was 19.3% in Q4 FY26, as against 14.6% in Q4 FY25.
The company reappointed Nilesh Narwekar as CEO and approved additional cement grinding capacity of 2.5 MTPA in Rajasthan state.
Shares rose as much as 9.3?ter results before trimming some gains to trade 5% higher.
Larger peer UltraTech Cement beat profit view and Ambuja Cements posted a nearly three-fold profit jump on strong volumes.
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