JSW Cement has delivered an exceptional financial turnaround in Q3, marking a significant shift from losses to profitability with substantial improvements in operational efficiency. The cement manufacturer reported consolidated net profit of ₹1.4 billion, representing a remarkable recovery from the loss of ₹688 million recorded in the same quarter of the previous year.

Strong EBITDA Performance

The company's operational performance showed remarkable improvement with EBITDA surging to ₹2.85 billion compared to ₹1.5 billion in the corresponding quarter last year. This represents a substantial 90% year-on-year growth, demonstrating enhanced operational efficiency and cost management.

| EBITDA Metrics: | Q3 Current Year | Q3 Previous Year | Growth || | ---: | :--- | :--- | :--- | | EBITDA: | ₹2.85 billion | ₹1.5 billion | +90% YoY | | EBITDA Margin: | 17.58% | 10.33% | +725 bps |

Margin Expansion Achievement

JSW Cement achieved significant margin expansion with EBITDA margin improving to 17.58% from 10.33% in the previous year. This 725 basis points improvement reflects the company's enhanced operational efficiency, better cost control measures, and improved pricing strategies.

Comprehensive Financial Performance

The company's overall Q3 results demonstrate robust improvement across key financial metrics. Revenue growth remained healthy at ₹16.2 billion compared to ₹14.32 billion in the corresponding quarter last year, representing a 13.1% year-on-year increase.

The consolidated results indicate that JSW Cement has successfully transformed its operational performance, establishing a stronger financial foundation with improved profitability metrics and enhanced operational efficiency in the cement sector.

JSW Cement Limited has successfully completed the transfer of 100% securities of Algebra Endeavour Private Limited to Nuvoco Vistas Corporation Limited, marking the conclusion of a strategic divestment transaction announced in November 2025.

Transaction Details

The Securities Purchase Agreement involved multiple parties in a structured divestment process. The transaction participants and their roles are outlined below:

Asset Profile

Algebra Endeavour Private Limited serves as the holding company of Vadraj Energy (Gujarat) Limited, which operates power generation facilities across two key locations:

• Kutch power plant
• Surat power plant

These facilities represent significant power generation assets that were part of JSW Cement's broader energy portfolio.

Regulatory Compliance

The company filed the completion notice under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This follows the initial intimations made on 7th November, 2025 and 17th November, 2025 regarding the execution of the Securities Purchase Agreement.

Strategic Implications

The completion of this transaction represents JSW Cement's strategic exit from power generation assets held through Algebra Endeavour. The divestment to Nuvoco Vistas Corporation Limited allows JSW Cement to focus resources on its core cement manufacturing operations while transferring the power assets to a specialized buyer.

The transaction structure involved the complete transfer of securities, ensuring Nuvoco Vistas gains full control over Algebra Endeavour and its subsidiary power generation operations at both Kutch and Surat locations.