NewsEarningsJSW Cement Reports Robust Q2 FY26 Performance with 14.9% Volume Growth and Capacity ExpansionJSW Cement Reports Robust Q2 FY26 Performance with 14.9% Volume Growth and Capacity Expansion
JSW Cement achieved impressive results in Q2 FY26, with total volume sales reaching 3.11 million MT, up 14.9% year-on-year. Revenue increased by 17.4% to Rs 1,436.40 crore, while Operating EBITDA improved by 64.2% to Rs 267.50 crore. The company commissioned a new 1.0 MTPA grinding unit in Sambalpur, Odisha, expanding its total grinding capacity to 21.60 MTPA. JSW Cement maintained a healthy cement trade ratio of 52% and a blended cement ratio of 67%. The company's sustainability efforts were highlighted by its low CO2 emission intensity of 258 kg CO2/Tonne of Cementitious Material and increased green energy share of 21.4%.
*this image is generated using AI for illustrative purposes only.
Key Highlights
- Total volume sales reached 3.11 million MT in Q2 FY26, up 14.9% year-on-year
- Revenue increased by 17.4% to Rs 1,436.40 crore
- Operating EBITDA improved by 64.2% to Rs 267.50 crore
- New 1.0 MTPA grinding unit commissioned in Sambalpur, Odisha
Financial Performance
JSW Cement 's financial performance in Q2 FY26 demonstrates robust growth and improved profitability:
| Metric | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Revenue | Rs 1,436.40 crore | Rs 1,223.70 crore | +17.4% |
| Operating EBITDA | Rs 267.50 crore | Rs 162.90 crore | +64.2% |
| EBITDA per ton | Rs 860.00 | Rs 602.00 | +42.9% |
| EBITDA Margin | 18.6% | 13.3% | +530 bps |
The company's revenue growth was primarily driven by increased volume sales and improved cement realization. The significant jump in operating EBITDA reflects the company's focus on cost reduction initiatives and operational efficiencies.
Volume Growth and Product Mix
JSW Cement reported impressive volume growth across its product categories:
- Cement volume sold: 1.64 million MT, up 6.8% YoY
- GGBS (Ground Granulated Blast-furnace Slag) volume sold: 1.38 million MT, up 20.6% YoY
The company maintained a healthy cement trade ratio of 52% and a blended cement ratio of 67%, indicating a strong market presence and product diversification.
Capacity Expansion
In line with its pan-India expansion strategy, JSW Cement commissioned a new 1.0 MTPA grinding unit in Sambalpur, Odisha, in September 2025. This addition has increased the company's total grinding capacity to 21.60 MTPA, further strengthening its position in the Indian cement market.
Sustainability Initiatives
JSW Cement continues to lead in sustainability efforts within the cement industry:
- CO2 emission intensity: 258 kg CO2/Tonne of Cementitious Material, significantly lower than the Indian average of 535 kg/ton and global average of 562 kg/ton
- Green energy share (Renewable Energy + Waste Heat Recovery System) reached 21.4% in Q2 FY26
- The company aims to increase its green energy share to ~49% by Q4 FY26 and ~63% by FY27
Awards and Recognition
The company's commitment to excellence and sustainability has been recognized through several awards:
- CII National Award 2025 for Excellence in Energy Management (Nandyal plant)
- "Five Star Award" by Indian Bureau of Mines (Nandyal limestone mine)
- Gold Award for Highest Thermal Substitution Rate and Alternative Raw Materials Utilization (Shiva Cement)
Outlook
With its strong financial performance, ongoing capacity expansion, and focus on sustainability, JSW Cement is well-positioned to capitalize on India's growing infrastructure and housing sectors. The company's strategic initiatives align well with the country's economic growth trajectory and increasing demand for cement products.
As JSW Cement continues to expand its presence across India and improve its operational efficiencies, it remains a key player to watch in the Indian cement industry.
Historical Stock Returns for JSW Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.33% | +0.27% | -7.59% | -11.86% | -11.86% | -11.86% |
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