JSW Cement Limited has released its comprehensive investor presentation for Q1 FY26 results, dated February 13, 2026, in accordance with Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. The presentation provides detailed insights into the company's operational performance, growth strategy, and sustainability initiatives.

Strong Operational Performance in Q3 FY26

The company demonstrated robust operational metrics during Q3 FY26, with significant improvements across key performance indicators:

The company maintained a cement trade ratio of 47% and clinker factor of 52% during the quarter. Operating EBITDA per ton reached Rs 802, reflecting improved operational efficiency and cost management.

Comprehensive Financial Results

JSW Cement's financial performance for Q3 FY26 and 9M FY26 showcased strong revenue growth and profitability improvements:

The company's net debt stood at Rs 3,557 crore as of December 31, 2025, with a Net Debt to TTM EBITDA ratio of 2.90x.

Ambitious Expansion Strategy

JSW Cement has outlined an extensive expansion program targeting significant capacity increases across multiple regions:

Key expansion projects include facilities in Sambalpur (Odisha), Nagaur (Rajasthan), Mansa (Punjab), Vijayanagar (Karnataka), Dolvi (Maharashtra), Hatta (Madhya Pradesh), and Uttar Pradesh. The company has also approved a new project in UAE, establishing a 1.65 MTPA grinding unit in Fujairah at a capital cost of USD 39 million.

Sustainability Leadership

JSW Cement continues to demonstrate industry-leading environmental performance with CO2 emission intensity of 258 kg CO2/tonne of cementitious material, significantly lower than both Indian (535 kg/ton) and global (562 kg/ton) averages. The company received one of the highest scores (86/100) in the global cement sector in the 2025 S&P Global Corporate Sustainability Assessment.

Recent Corporate Developments

During Q3 FY26, CRISIL upgraded JSW Cement's long-term credit rating to AA-/Stable from A+/Stable, reflecting improved financial strength. The company also entered into a Share Purchase Agreement with Nuvoco Vistas Corp. Ltd. for the transfer of Vadraj Energy Gujarat Ltd., involving a power plant in Gujarat, for a consideration of Rs 191.63 crore.

The presentation highlights JSW Cement's position as one of India's fastest-growing cement companies, with a clear blueprint for creating pan-India presence through strategic capacity expansion and operational excellence.

Source: JSW Cement Limited Investor Presentation

JSW Cement management has shared its volume growth projections for the upcoming year during a recent concall, providing investors with insights into the company's expansion expectations.

Volume Growth Guidance

The company's management has set volume guidance for the next year in the mid to high teens range. This projection represents the company's anticipated growth trajectory across its cement operations.

Regional Performance Outlook

Notably, the guidance provided excludes volumes from the North region, where the company expects to achieve higher growth rates. This suggests that JSW Cement anticipates particularly strong performance in its northern operations, which could potentially outpace the overall company guidance.

Management Communication

The volume projections were communicated during a concall session, where management outlined their expectations for business expansion. The differentiation between overall company guidance and North region performance indicates strategic focus on regional market opportunities.

This guidance reflects JSW Cement's confidence in its operational capabilities and market positioning for the upcoming period, with the North region identified as a key growth driver beyond the company's baseline projections.