JSW Cement Share Price Surge Over 9% on Strong Q3FY26 Earnings

JSW Cement Q3FY26 Financial Performance

JSW Cement posted a net profit of ₹130.6 crore for Q3FY26, compared to a loss of ₹80.20 crore in the same quarter last year. Revenue from operations rose 13.2% year-on-year (YoY) to ₹1,621.2 crore from ₹1,432.7 crore in Q3FY25, reflecting strong demand and operational efficiency.

The company reported operating EBITDA of ₹285.1 crore, marking a 31.5% increase YoY, while its EBITDA margin expanded by 250 basis points to 17.6%. Including other income, total EBITDA surged 51.4% YoY to ₹371.2 crore. The profit after tax (PAT) for the quarter stood at ₹130.6 crore.

Volume Growth Drives Performance

During the quarter, Total volume sold increased by 14% YoY to 3.56 Million Tonnes. Of this, Cement volume sold was 1.89 Million Tonnes, representing an increase of 7% YoY, versus 1.77 Million Tonnes in Q3 FY25. The volume sold of Ground Granulated Blast Furnace Slag (“GGBS”) was 1.53 Million Tonnes, representing an increase of 17% YoY, versus 1.31 Million Tonnes in Q3 FY25. 

During 9M FY26, Total volume sold increased by 12% YoY to 9.98 Million Tonnes. Of this, Cement volume sold was 5.38 Million Tonnes, representing an increase of 8% YoY, while the volume sold of GGBS was 4.21 Million Tonnes, representing an increase of 14% YoY.

Revenue from operations increased 13% YoY to ₹4,617 Crore, while operating EBITDA improved by 43% YoY to ₹875.2 Crore. Operating EBITDA per ton for 9M FY26 stood at ₹877 per ton. 

Expansion Plans and Capex

JSW Cement continues to invest in expanding its footprint across India. The company is on track to reach 41.85 MTPA of grinding capacity and 13.04 MTPA of clinker capacity. The first phase of the Nagaur integrated unit in Rajasthan, comprising 3.3 MTPA clinker capacity and 2.5 MTPA grinding capacity, is expected to be commissioned in Q4FY26.

During Q3FY26, the company incurred a capital expenditure of ₹491 crore, taking 9M FY26 capex to ₹1,455 crore. Additionally, JSW Cement announced plans to set up a 1.65 MTPA grinding unit in Fujairah, UAE, through a wholly-owned subsidiary, at an estimated capital cost of $39 million.

Operational Excellence and Sustainability

JSW Cement continues to lead the industry in environmental performance. The company maintains the lowest carbon dioxide emission intensity among its peers, with 270 kg CO₂ per ton of cementitious materials in Q3FY26.

The company’s commitment to sustainability has been recognized through multiple awards, including the National Award for Excellence in Energy Management 2025 for its Dolvi unit and the Exceed Environment Award 2025 for its Vijayanagar unit in water management. It also scored 86/100 in the 2025 S&P Global Corporate Sustainability Assessment (CSA), demonstrating strong ESG performance.

JSW Cement Share Price Jumped to a 2-Month High on Thursday

On Thursday, JSW Cement share price jumped over 9% to hit 2 month high after Q3 results. As of 12:46 pm, the stock price of JSW Cement was trading at ₹127 per share, up by 9.35% on NSE. The stock also outperformed on the BSE, climbing 9.34% amid a spike in trading activity, with volumes rising over 22 times the average on the NSE.