JSW Cement Limited — PPTs, 13-08-2026: Investor Presentation

**JSW Cement: Q1 FY27 Performance Highlights**

**Business Performance:** JSW Cement reported a strong 15% YoY increase in total sales volume to 3.81 million MT for Q1 FY27. Cement volumes grew significantly by 26.5% YoY, while GGBS volumes saw a modest 2.6% YoY rise. Revenue from operations surged by 21.6% YoY to ₹1,896.4 crore, driven by higher sales volumes and improved realisations.

**Growth Drivers/Strategy:** The company continues to focus on expanding its market reach, particularly with the ramp-up of its North operations. Strategic investments in renewable energy are also a key focus, with an additional 56 MW of wind capacity added in Q1 FY27, bringing the total renewable power capacity to 112 MW.

**Recent Developments:** Key projects like the Nagaur Integrated Unit and Mansa Grinding Unit are progressing as planned, with expected commissioning in the near future. The company also commissioned 56 MW of wind capacity at its Dolvi and Vijayanagar units.

**Key Financial Metrics:** Operating EBITDA was ₹298.6 crore, a decrease of 7.5% YoY, impacted by higher input costs. Adjusted Profit After Tax stood at ₹153.4 crore. Net debt was ₹3,856 crore, with a Net Debt to TTM EBITDA ratio of 2.95x.

**Management Commentary/Outlook:** The company's long-term credit rating was upgraded to IND AA- by India Ratings and Research. JSW Cement maintains a strong focus on sustainability, with low CO2 emission intensity and a growing portfolio of green cementitious products. The outlook for the cement sector remains positive, driven by government capex and growth in housing and infrastructure segments.