JSW Cement Q4 Results: Net profit rises 22x YoY, margin imrpoves

JSW Cement Ltd reported a strong operational performance for the quarter ended March 31, 2026, supported by healthy revenue growth and significant margin expansion.

The company posted a consolidated net profit of ₹361.65 crore in Q4 FY26 compared with ₹16.21 crore reported in the corresponding quarter last year, marking a sharp year-on-year increase. The company clarified that there was a tax writeback of Rs 147 crore against expenses of Rs 59.5 crore YoY.

Revenue from operations rose to ₹1,894.99 crore during the March quarter from ₹1,709.39 crore in Q4 FY25, registering a growth of 10.9% YoY.

Operationally, EBITDA stood at ₹364.1 crore in Q4 FY26 compared with ₹240.2 crore in the year-ago period, reflecting a growth of 51.6% YoY. EBITDA margin improved sharply to 19.2% from 14.1% reported in the corresponding quarter last year.

Profit before tax came in at ₹214.88 crore during the quarter against ₹75.75 crore reported in Q4 FY25. The company also reported a tax gain during the quarter, resulting in total tax expenses of negative ₹146.77 crore.

Finance costs during the quarter stood at ₹88.80 crore, while depreciation and amortisation expenses were reported at ₹83.58 crore.

Among key expenses, power and fuel expenses came in at ₹236.67 crore, while freight and handling expenses stood at ₹444.51 crore.

For the full financial year FY26, JSW Cement reported revenue from operations of ₹6,512.46 crore compared with ₹5,813.07 crore in FY25. However, the company reported a consolidated loss of ₹798.78 crore for FY26 due to exceptional items amounting to ₹1,504.48 crore during the year.

The company’s annual EBITDA performance also improved amid stronger operating profitability and cost efficiencies.