JSW Cement Q4 PAT rises to ₹361.7 crore on tax benefit
JSW Cement reported a consolidated net profit of ₹361.7 crore for Q4 FY26, a significant rise from ₹16.21 crore in the previous year, driven by a one-time tax benefit of ₹211.21 crore. Revenue from operations increased by 10.9% year-on-year to ₹1,895 crore, while operating EBITDA improved by 45.9% to ₹365.0 crore. The company commenced commercial production at its Nagaur plant and approved an additional 2.5 MTPA grinding capacity there for ₹430 crore.
*this image is generated using AI for illustrative purposes only.
JSW Cement reported a consolidated net profit of ₹361.7 crore for the quarter ended March 31, 2026, a significant increase from ₹16.21 crore in the corresponding period of the previous year. The profit included a one-time benefit of ₹211.21 crore due to a reduction in net deferred tax liabilities following the decision to adopt the New tax regime from FY 2026–27 onwards. Consolidated revenue from operations for the quarter stood at ₹1,895 crore, compared to ₹1,709 crore in the same period last year.
Financial Performance Highlights
The company's operational performance improved, with operating EBITDA rising 45.9% year-on-year to ₹365.0 crore. The EBITDA margin expanded to 19.3% from 14.6% in the year-ago period, reflecting improved cost efficiencies. For the full financial year, the company reported a total revenue of ₹6,512 crore and an adjusted profit after tax of ₹667.6 crore. Total volume sold for the year increased by 11% YoY to 13.96 Million Tonnes.
The table below summarises JSW Cement's key financial metrics for the quarter:
| Metric: | Q4 Current (₹ crore) | Q4 Previous (₹ crore) |
|---|---|---|
| Revenue from Operations: | 1,895 | 1,709 |
| Consolidated Net Profit: | 361.7 | 16.21 |
| Operating EBITDA: | 365.0 | 249.7 |
| EBITDA Margin: | 19.3% | 14.6% |
Operational and Capacity Updates
Total volume sold in Q4 FY26 reached 3.99 million tonnes, an increase of 6.8% YoY. This included 2.35 million tonnes of cement, up 11.6% YoY, and 1.57 million tonnes of GGBS, up 5.4% YoY. The company commenced commercial production at its integrated cement plant in Nagaur, Rajasthan, during the quarter, which has a cement grinding capacity of 2.50 MTPA and clinker capacity of 3.30 MTPA. Additionally, the board approved an additional cement grinding capacity of 2.5 MTPA at the Nagaur facility, requiring an investment of ₹430 Crore.
Dividend and Debt Position
The board recommended a dividend of ₹0.50 per equity share of ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval. As of March 31, 2026, the company reported a net debt of ₹3,635 crore, with a net debt to EBITDA ratio of 2.72x.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE718I01012/5b3ad2b6336543f0.pdf
Historical Stock Returns for JSW Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.52% | -0.90% | -6.24% | +9.28% | -11.43% | -11.43% |
How will the adoption of the new tax regime from FY 2026-27 impact the company's effective tax rate and net profit margins going forward?
What is the expected timeline for the additional 2.5 MTPA grinding capacity at the Nagaur facility to become operational and contribute to revenue?
With net debt at ₹3,635 crore, what are the company's capital allocation priorities regarding debt reduction versus the planned ₹430 crore investment?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
