JSW Cement reports a 22% rise in revenue driven by increased demand and new plant contributions, with a focus on northern markets and ongoing investments in renewable energy and sustainability initiatives.
JSW Cement reported stronger sales in the quarter to 30 June 2026, helped by higher demand in its established markets and the first contribution from its new plant in Nagaur, Rajasthan. The company said revenue from operations rose 22% year on year to Rs 1,896 crore, while total sales volumes increased 15% to 3.81 million tonnes. Cement volumes climbed 27% to 2.34 million tonnes, and ground granulated blast furnace slag volumes edged up 3% to 1.33 million tonnes.
The quarterly numbers also underline how important the northern market has become to JSW Cement’s growth plans. According to the company, sales in the region began in April after the commissioning of the integrated Nagaur unit at the end of March. Global Cement and CemNet reported that the plant has 3.3 million tonnes a year of clinker capacity and 2.5 million tonnes a year of grinding capacity, with another 1 million tonnes a year grinding line under construction. Those reports said the site is intended to serve Rajasthan, Haryana, Punjab and the National Capital Region, and that JSW Cement has now lifted total grinding capacity to 24.1 million tonnes a year.
Profitability was more mixed. Operating EBITDA fell 7% to Rs 298.6 crore, or Rs 784 a tonne, as the new northern operation weighed on margins during its early ramp-up. Excluding the North business, operating EBITDA rose 4% to Rs 336 crore, or Rs 979 a tonne, indicating healthier underlying performance elsewhere in the portfolio. Total EBITDA, including other income, was Rs 372.3 crore, and profit after tax came in at Rs 153.4 crore. Net debt stood at Rs 3,856 crore at the end of June.
The company also continued to spend on expansion and cleaner operations. It said work progressed on additional grinding capacity at Nagaur, along with waste heat recovery, overland belt conveyor and alternative fuel systems. JSW Cement added 56 MW of wind power during the quarter, taking renewable capacity including waste heat recovery to 112 MW. The company said its carbon dioxide intensity remained the lowest in the industry at 338kg per tonne of cementitious materials, and it also highlighted several sustainability and workplace awards during the period.
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