At the operating level, EBITDA jumped 61.5% to ₹322.7 crore in the first quarter of this fiscal over ₹199.8 crore in the corresponding period in the previous fiscal. EBITDA margin stood at 20.7% in the reporting quarter as compared to 13.8% in the corresponding period in the previous fiscal.
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The company reported an 8% year-on-year growth in total volumes sold at 3.31 million tonnes in Q1 FY26, up from 3.07 million tonnes in the same quarter last year. Cement volumes rose 10% YoY to 1.85 million tonnes, while Ground Granulated Blast Furnace Slag (GGBS) volumes increased 5% YoY to 1.30 million tonnes.Operating EBITDA rose 39% YoY to ₹322.7 crore, translating into an EBITDA per tonne of ₹974 versus ₹758 a year earlier, with margins improving to 20.7% from 16.1%. Net debt as of June 30, 2025, stood at ₹4,566 crore compared to ₹4,204 crore on March 31, 2025, mainly due to borrowings for ongoing capex.
The company incurred ₹456 crore in capex during the quarter, including maintenance expenditure. Progress on its expansion plan continued, targeting a pan-India footprint of 41.85 MTPA grinding capacity and 13.04 MTPA clinker capacity.
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The 1.0 MTPA grinding unit at Sambalpur, Odisha, is slated for commissioning in September 2025, while work on the 3.30 MTPA clinker and 3.5 MTPA grinding integrated unit at Nagaur, Rajasthan, remains on schedule. Regulatory approvals are underway for the 2.75 MTPA split grinding unit at Talwandi Sabo, Punjab.
The results came after the close of the market hours. Shares of JSW Cement Ltd ended at ₹153.30, up by ₹1.54 or 1.01% on the BSE.
