JSW Cement Ltd.

JSWCEMENTCommodities filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

3 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 3 documents here); elsewhere sentences render unattributed.

Kind	Date	Period	Served
COVER_LETTER	20260209	2025-12-31	no
TRANSCRIPT	20260526	2026-03-31	yes
TRANSCRIPT	20260819	2026-06-30	yes

JSWCEMENT

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity


Statement division	general
Scope served	consolidated
Panels on this page	4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.


Last close	115.71
52-week range	108.02 – 146.44
Return 1M	-7.42%
Return 3M	-13.36%
Return 1Y	-20.98%
Return 3Y	not reported for this period
Return 5Y	not reported for this period
Market capitalisation	not shown — we could not confirm it
Shares outstanding	not shown — we could not confirm it
P/E	not shown — we could not confirm it
P/B	not shown — we could not confirm it
EV/EBITDA	not shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.


Revenue from operations	1,896.00
Other income	74.00
Total income	1,970.00
Cost of materials consumed	444.00
Purchases of stock-in-trade	35.00
Changes in inventories	25.00
Employee benefit expense	98.00
Finance costs	97.00

Ownership — 2026-06-30, and the change from 2026-03-31

Holder	Per cent	Change
promoter and promoter group	0.72	-0.00
institutions foreign	0.04	0.01
institutions domestic	0.11	0.03
mutual funds	0.11	0.03
public	0.27	0.01

Documents on file

Class	Most recent	On file
COVER_LETTER	2025-12-31	1
TRANSCRIPT	2026-06-30	2

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line	2025-06-30	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Revenue from operations	1,560.00	1,436.00	1,621.00	1,895.00	1,896.00
Other income	22.00	24.00	86.00	21.00	74.00
Total income	1,582.00	1,460.00	1,707.00	1,916.00	1,970.00
Cost of materials consumed	362.00	319.00	386.00	465.00	444.00
Purchases of stock-in-trade	14.00	21.00	27.00	27.00	35.00
Changes in inventories	23.00	-22.00	1.00	7.00	25.00
Employee benefit expense	81.00	84.00	91.00	86.00	98.00
Finance costs	102.00	100.00	87.00	89.00	97.00
Depreciation and amortisation	78.00	80.00	81.00	84.00	98.00
Other expenses	757.00	766.00	831.00	945.00	997.00
Total expenses	1,417.00	1,349.00	1,504.00	1,702.00	1,793.00
Profit before exceptional items and tax	165.00	111.00	203.00	213.00	177.00
Exceptional items	-1,466.00	0.00	-34.00	-4.00	0.00
Profit before tax	-1,302.00	111.00	170.00	209.00	177.00
Current tax	5.00	3.00	2.00	-6.00	20.00
Deferred tax	60.00	43.00	52.00	-141.00	16.00
Tax expense	65.00	46.00	54.00	-147.00	37.00
Profit for the period	-1,366.00	75.00	131.00	362.00	153.00
Profit attributable to owners	-1,356.00	86.00	142.00	371.00	161.00
Profit attributable to non-controlling interests	-10.00	-11.00	-11.00	-10.00	-7.00
Other comprehensive income	-2.00	4.00	-9.00	2.00	29.00
Total comprehensive income	-1,369.00	80.00	122.00	364.00	183.00
Earnings per share, basic	-13.75	0.71	1.06	2.77	1.20
Earnings per share, diluted	-13.75	0.70	1.05	2.75	1.19

Annual results, as filed

Line	2026-03-31
Revenue from operations	6,512.00
Other income	152.00
Total income	6,665.00
Cost of materials consumed	1,532.00
Purchases of stock-in-trade	90.00
Changes in inventories	9.00
Employee benefit expense	342.00
Finance costs	378.00
Depreciation and amortisation	322.00
Other expenses	3,299.00
Total expenses	5,972.00
Profit before exceptional items and tax	692.00
Exceptional items	-1,504.00
Profit before tax	-812.00
Current tax	4.00
Deferred tax	14.00
Tax expense	18.00
Profit for the period	-799.00
Profit attributable to owners	-756.00
Profit attributable to non-controlling interests	-42.00
Other comprehensive income	-4.00
Total comprehensive income	-803.00
Earnings per share, basic	-6.19
Earnings per share, diluted	-6.19

Balance sheet, as filed

Line	2025-09-30	2026-03-31
Total assets	14,105.00	14,535.00
Non-current assets	10,724.00	11,663.00
Current assets	3,380.00	2,873.00
Property, plant and equipment	5,483.00	7,153.00
Capital work-in-progress	1,772.00	958.00
Goodwill	217.00	217.00
Other intangible assets	1,104.00	1,110.00
Inventories	625.00	602.00
Trade receivables	756.00	854.00
Cash and cash equivalents	657.00	447.00
Total equity and liabilities	14,105.00	14,535.00
Equity	6,051.00	6,528.00
Equity share capital	1,334.00	1,341.00
Other equity	4,718.00	5,209.00
Total liabilities	8,054.00	8,008.00
Non-current liabilities	4,208.00	4,038.00
Current liabilities	3,846.00	3,970.00
Borrowings, non-current	3,219.00	3,092.00
Borrowings, current	968.00	990.00
Trade payables	1,384.00	1,439.00

Cash flow, as filed

Line	2025-09-30	2026-03-31
Net cash from operating activities	508.00	1,170.00
Net cash from investing activities	-1,160.00	-1,649.00
Net cash from financing activities	1,244.00	861.00
Purchase of property, plant and equipment	964.00	1,962.00
Net increase in cash	592.00	382.00
con:CFO.BEFORE_TAX	505.00	1,178.00
con:INTEREST_RECEIVED.OPERATING	0.00	0.00
con:INTEREST_PAID.OPERATING	0.00	0.00
con:DIVIDENDS_RECEIVED.OPERATING	0.00	0.00
con:TAX_PAID.OPERATING	-4.00	8.00
con:CF_OTHER.OPERATING	0.00	0.00
con:INVESTMENTS_PURCHASED	0.00	0.00
con:INVESTMENTS_SOLD	0.00	192.00
con:PPE_DISPOSALS	0.00	0.00
con:CF_INVESTING.SUBSIDIARIES_SOLD	0.00	0.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED	0.00	0.00
con:CF_INVESTING.JV_SOLD	0.00	0.00
con:CF_INVESTING.JV_ACQUIRED	0.00	58.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder	2025-08-14	2025-09-30	2025-12-31	2026-03-31	2026-06-30
Promoter and promoter group	72.33	0.72	0.72	0.72	0.72
Domestic institutions	4.78	0.08	0.08	0.09	0.11
Mutual funds	3.27	0.07	0.07	0.08	0.11
Insurance companies	0.79	0.01	0.00	0.00	0.00
Foreign institutions	4.38	0.04	0.03	0.03	0.04
Government	—	—	0.00	—	—
Public	25.28	0.26	0.26	0.26	0.27
Non-institutional	16.13	0.14	0.15	0.15	0.12
Shares outstanding	1363364936	1363364936	1363364936	1363364936	1363364936

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

Date	Quarter	Who spoke
2026-08-19	Q1FY27	AND CFO, OFFICER	Read the call
2026-05-26	Q4FY26	OFFICER	Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

Topic	Q1FY27	Q4FY26
Capex	Government capex did much of the heavy lifting in the JSW Cement Limited August 14, 2026 quarter.	And in particular, if you could also highlight what capex has been spent on the Rajasthan plant till date?
Costs	In terms of the trend in main cost elements in Q1, raw material and power and fuel increased on quarter-on-quarter basis, primarily due to higher fuel…	My first question is on your cost savings.
Debt and cash	In terms of balance sheet, net debt was INR3,856 crores at the end of June.	—
Demand	We are seeing very strong demand outlook on the infra and large project side for the rest of the year, which will support our non-trade cement and the…	Sir, just wanted to know your thoughts on the industry demand as well as how we see our growth within that, especially in the context that a few of ou…
Guidance	So, all that has been planned for quarter two, and we expect the benefits to start to kick in thereafter.	We're seeing the situation improving in May and normalizing, and we expect that to come back to normal.
Margin	Consolidated operating EBITDA was INR299 crores, that's lower by 7.5% year-on-year.	Given the steel prices have shot up by more than 20%, how is your GGBS cost and your margin getting impacted, selling price and margins getting impact…
People	The market reception has been very positive so far, with an average utilization level of 55% in quarter one.	You mentioned around 2.6, they operate utilization and 0.6 odd was shipped to India or sold to India?
Pricing	And just on realization, what is the pricing strategy in North?	But your selling prices will move in line with the market pricing.
Revenue growth	As per our reading, cement demand in South, West, and East regions grew approximately 6% Y-o-Y in quarter one FY27. The North region, where we started…	—