JSW Cement Q2 Net Profit Drops 1.3% to ₹85.3 Cr, EBITDA Margin Shrinks

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Published: October 27, 2026

JSW Cement Q2 Net Profit Drops 1.3% to ₹85.3 Cr, EBITDA Margin Shrinks

JSW Cement's Q2 net profit fell 1.3% YoY to ₹85.3 crore, while revenue surged 33% to ₹1,912 crore and EBITDA margin contracted to 14.5%. Shares slid 0.52% to ₹116.99 amid the profit dip and a ₹1,078‑cr expansion approval.

Revenue climbed 33.1% YoY to ₹1,912 crore, beating last year’s ₹1,436 crore and signalling strong top‑line growth.

EBITDA rose 3.8% to ₹278 crore from ₹267 crore, yet the margin slipped to 14.5% from 18.6% a year earlier, underscoring pressure on profitability.

The board cleared a ₹1,078 crore capacity expansion. At Vijayanagar, a new 2‑MTPA grinding system for ground granulated blast furnace slag will cost ₹509 crore and is slated for May 2028, boosting the site’s 6‑MTPA capacity.

Dolvi will add a 2‑MTPA grinding mill at ₹569 crore, expected to be commissioned by October 2028, elevating its current 4.5‑MTPA output.

JSW Cement will extend a ₹60‑cr corporate guarantee to IndusInd Bank for its subsidiary’s credit facility, supporting JSW Green Cement’s capex and working‑capital needs.

Shares closed 0.52% lower at ₹116.99, reflecting the margin squeeze and profit decline, even as revenue growth and a hefty expansion plan loom. Investors will watch Q3 earnings for signs of margin recovery and the impact of the new capacity projects.