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JSWCEMENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
JSW Cement's Board approved Q4 and FY2026 audited results showing consolidated revenue of Rs 6,512 crore for the full year (Q4: Rs 1,895 crore). Despite a consolidated net loss of Rs 799 crore for FY2026, the underlying operations remained strong with operating profit of Rs 692 crore before exceptional items. The loss was primarily driven by a Rs 1,466 crore exceptional charge from CCPS conversion, partially offset by Rs 211 crore deferred tax benefit from adopting the new tax regime. Finance costs declined significantly to Rs 378 crore from Rs 450 crore year-on-year. Borrowings were reduced substantially from Rs 6,167 crore to Rs 4,082 crore. The company declared a dividend of Rs 0.50 per share (5%) subject to shareholder approval. A new cement grinding capacity of 2.5 MTPA at Nagaur, Rajasthan was approved with an investment of Rs 430 crore (internal accruals and debt), targeted for commissioning by Jan 2028. Director re-appointments include Nilesh Narwekar as Whole-time Director & CEO (3 years from Aug 2026) and Sumit Banerjee as Independent Director (5 years from July 2026). The company listed on NSE and BSE in August 2025.
The stock may see mixed reaction - strong operational performance and deleveraging are positive, but the large net loss due to one-time exceptional items (CCPS conversion) may concern some investors. The dividend and capacity expansion signal management confidence in growth prospects. The Nagaur expansion (totaling 3.5 MTPA grinding capacity) will improve regional self-sufficiency and asset utilization.