UltraTech Cement competitor's stock jumps 10% after announcing Q3FY26 financial results
Kiran DSIJCategories: Mindshare, Trending
The company's profitability saw a sharp upward trajectory, with operating EBITDA rising 35.2 per cent to Rs 3,915 crore, significantly exceeding market estimates.
UltraTech Cement competitor, shares of JSW Cement Ltd jumped 10 per cent after announcing Q3FY26 financial results. JSW Cement Ltd maintained its dominant market position in the third quarter of fiscal year 2026, reporting a consolidated revenue of Rs 21,829.68 crore, which represents a 22.78 per cent increase year-on-year. This growth was underpinned by a 15 per cent rise in consolidated sales volumes, totalling 38.87 million tonnes. The company's domestic grey cement production reached 36.37 million tonnes, growing by 15.4 per cent, while its flagship brand achieved a volume growth of 22.3 per cent. Capacity utilisation for the period stood at 77 per cent, a notable improvement from 72 per cent in the same quarter of the previous year.
The company's profitability saw a sharp upward trajectory, with operating EBITDA rising 35.2 per cent to Rs 3,915 crore, significantly exceeding market estimates. Net profit for the quarter climbed 26.92 per cent to Rs 1,725.40 crore, even after accounting for a one-time exceptional charge of Rs 88 crore related to the new Labour Code. On a normalised basis, the profit after Tax stood at Rs 1,792 crore, up 32 per cent year-on-year. Efficiency gains were evident as operating EBITDA per tonne improved by Rs 140 to reach Rs 1,051, driven by a 15 per cent reduction in power costs and a 4 per cent decline in Logistics expenses.
Strategic expansion and sustainability remain central to the firm's outlook, with domestic grey cement capacity reaching 188.66 million tonnes per annum following new commissions in Maharashtra and Rajasthan. The company invested Rs 2,357 crore in capital expenditure during the quarter and plans to add another 8 to 9 million tonnes of capacity in the fourth quarter of fiscal year 2026. Furthermore, its green energy initiatives have pushed the renewable power mix to 42.1 per cent, a 34 per cent increase from the previous year, while its net debt-to-EBITDA ratio strengthened to 1.08.
About the Company
JSW Cement Limited, a key entity within the diversified JSW Group, has established itself as a leading force in India's industrial landscape with a grinding capacity of 21.60 MTPA as of late 2025. Between Fiscal 2015 and 2025, the company emerged as one of the three fastest-growing cement manufacturers in the country, driven by rapid expansions in both installed capacity and sales volume. Its operations are strategically distributed across eight domestic plants located in states like Andhra Pradesh, Maharashtra and West Bengal, complemented by an international clinker unit in the UAE.
A primary differentiator for the company is its commitment to sustainability, maintaining the lowest carbon dioxide emission intensity among its peers globally. It holds a dominant market position as India’s largest producer of ground granulated blast furnace slag (GGBS), capturing approximately 84 per cent of the market share in Fiscal 2025. This eco-friendly focus extends through a versatile product portfolio that includes blended cements, Construction chemicals and ready-mix concrete, leveraging by-products from the steel manufacturing process to drive green building solutions.
Disclaimer: The article is for informational purposes only and not investment advice.