JSW Cement reported a significant turnaround to a consolidated net profit of INR1.61bn in Q1 FY27, driven by higher volumes and strategic financing, amid a broader industry recovery supported by government reforms and increased construction activity.
JSW Cement reported a consolidated net profit attributable to shareholders of INR1.61bn in the first quarter of FY27, a 60% rise on an underlying basis, according to a company update carried by Cemnet. The figure contrasts with a reported loss of INR13.56bn in the same period a year earlier, although that result included an exceptional INR14.66bn charge tied to the valuation of compulsorily convertible preference shares. Excluding that item, profit after tax in the prior-year quarter was about INR1bn.
Revenue from operations climbed 21.6% year on year to INR18.96bn, helped by stronger volumes. But the improvement in sales was partly offset by higher input and logistics costs, with power and fuel expense rising 43.7% to INR3.05bn, raw material costs increasing 22.7% to INR4.44bn and freight and handling charges up 14.2% to INR4.15bn. The company’s latest quarterly performance follows a sharp recovery in the January to March period, when Business Standard and Cemnet both reported a substantial jump in profit and revenue, supported by stronger demand and sales execution.
Separately, the board has approved plans to raise as much as INR5bn through privately placed non-convertible debentures, adding fresh financing capacity as the company expands. The latest results come amid a broader improvement in the Indian cement sector, which also benefited from healthier construction activity and a cut in goods and services tax on cement from 28% to 18% in September 2025, according to Cemnet. UltraTech Cement also reported stronger first-quarter earnings, underlining the industry-wide lift in volumes and sales.
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