BSEResult1d ago · 27 Oct 2026, 06:43 pm
Please find attached Unaudited Standalone & Consolidated financial results of the Company for the quarter and half year ended 30th September, 2026.
JSW Cement Ltd · 544480
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JSW Cement Ltd has announced its unaudited standalone and consolidated financial results for the quarter and half year ended 30th September, 2026. The company has also approved capacity additions of 2.0 MTPA GGBS grinding system at Vijayanagar and 2.0 MTPA GU at Dolvi, and issuance of corporate guarantee up to ₹60 Crore in favor of IndusInd Bank.
Analysis Scores
Earnings Impact5/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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JSW Cement Ltd - 544480 - Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Half Year Ended 30Th September, 2026.
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Cement Limited
JSW Centre
Opp. MMRDA Ground,
Bandra Kurla Comp lex,
Bandra (East), Mumbai - 400 051.
Tel : +91-22-4286 1000 Fax : 26502001
W CIe Nb s :–it e
w 57w Mw H.js 2w 00c 6em PLe Cnt 1.i 6n
0 839
Date: 27.10.2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Fort, Bandra Kurla Complex, Bandra (E),
Mumbai 400 001, Mumbai - 400 051
Maharashtra, India Maharashtra, India
Scrip Code: 544480 Symbol: JSWCEMENT
Dear Sir/Madam,
Sub.: Outcome of the Board Meeting of JSW Cement Limited held on 27th October,
2026.
Ref.: Regulation 30, 33 and other applicable provisions of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“Listing Regulations”).
This is to inform you that the Board of Directors of JSW Cement Limited has, in its meeting
held today i.e. Tuesday, 27th October, 2026, inter alia considered and approved the
following:
1. Unaudited Standalone and Consolidated Financial Results of the Company for the
quarter and half year ended 30th September, 2026 (“Unaudited Financial Results”).
Pursuant to the applicable provisions of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Regulations”), please
find enclosed herewith:
i. Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th
September, 2026; and
ii. Limited Review Report, issued by the Statutory Auditors of the Company with respect
to the Unaudited Financial Results and taken on record by the Board of Directors of the
Company.
2. Capacity Addition of 2.0 MTPA GGBS grinding system at Vijayanagar (Karnataka)
This is to inform that the current rated cement/GGBS production capacity at Vijayanagar is
6.0 MTPA. The Board has approved addition of 2.0 MTPA GGBS grinding system at existing
premises at Vijayanagar.
Cement Limited
JSW Centre
Opp. MMRDA Ground,
Bandra Kurla Comp lex,
Bandra (East), Mumbai - 400 051.
Tel : +91-22-4286 1000 Fax : 26502001
W CIe Nb s :–it e
w 57w Mw H.js 2w 00c 6em PLe Cnt 1.i 6n
0 839
Necessary details pursuant to Regulation 30 of the Listing Regulations read with SEBI
Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
are provided in the Annexure A below.
3. Capacity Addition of 2.0 MTPA GU at Dolvi (Maharashtra)
This is to inform that the current Cement grinding capacity at Dolvi is 4.5 MTPA. The Board
has approved setting up of an additional new grinding mill with capacity of 2.0 MTPA at
Dolvi.
Necessary details pursuant to Regulation 30 of the Listing Regulations read with SEBI
Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
are provided in the Annexure B below.
4. Issuance of Corporate Guarantee
Corporate Guarantee to be given by the Company up to ₹60 Crore in favor of IndusInd Bank
for sanction of credit facilities not exceeding ₹60 Crore to its Wholly Owned Subsidiary
(WOS), JSW Green Cement Private Limited. This said credit facility will be utilized for
capital expenditure and working capital requirements, in accordance with the growth plan
proposed by the WOS.
The necessary details pursuant to Regulation 30 of the Listing Regulations read with SEBI
Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
are provided in the Annexure C below.
The above information is also being hosted on the website of the Company at
https://www.jswcement.in/.
The Board Meeting commenced at 2:30 P.M. and concluded at 5:15 P.M.
Thanking you,
For JSW Cement Limited
Sneha Bindra
Company Secretary & Compliance Officer
Cement Limited
JSW Centre
Opp. MMRDA Ground,
Bandra Kurla Comp lex,
Bandra (East), Mumbai - 400 051.
Tel : +91-22-4286 1000 Fax : 26502001
W CIe Nb s :–it e
w 57w Mw H.js 2w 00c 6em PLe Cnt 1.i 6n
0 839
ANNEXURE-A
5. Capacity Addition of 2.0 MTPA GGBS grinding system at Vijayanagar (Karnataka)
Particulars Details
Existing Capacity 25.1 MTPA
Existing capacity
64% on pro-rata basis
utilization
Proposed Capacity
2.0 MTPA
Addition
Period within which
the proposed capacity These capacities are likely to be commissioned by May’28
is to be added
Investment required INR 509 Crores (Approx.)
Mode of Financing Internal accruals and Debt
With a view to support the Company’s growth strategy and
enhance its grinding capacity, the expansion will facilitate
Rationale
strengthening the Company’s production capabilities at
Vijayanagar.
Cement Limited
JSW Centre
Opp. MMRDA Ground,
Bandra Kurla Comp lex,
Bandra (East), Mumbai - 400 051.
Tel : +91-22-4286 1000 Fax : 26502001
W CIe Nb s :–it e
w 57w Mw H.js 2w 00c 6em PLe Cnt 1.i 6n
0 839
ANNEXURE-B
Capacity Addition of 2.0 MTPA GU at Dolvi (Maharashtra)
Particulars Details
Existing Capacity 25.1 MTPA
Existing capacity
64% on pro-rata basis
utilization
Proposed Capacity
2.0 MTPA
Addition
Period within which
the proposed capacity These capacities are likely to be commissioned by Oct’28
is to be added
Investment required INR 569 Crores (Approx.)
Mode of Financing Internal accruals and Debt
With a view to support the Company’s growth strategy and
Rationale enhance its grinding capacity, the expansion will facilitate
strengthening the Company’s production capabilities at Dolvi.
Cement Limited
JSW Centre
Opp. MMRDA Ground,
Bandra Kurla Comp lex,
Bandra (East), Mumbai - 400 051.
Tel : +91-22-4286 1000 Fax : 26502001
W CIe Nb s :–it e
w 57w Mw H.js 2w 00c 6em PLe Cnt 1.i 6n
0 839
ANNEXURE-C
Issuance of Corporate Guarantee
Sr. No. Particulars Remarks
Name of party for which such JSW Green Cement Private Limited
1. guarantees or indemnity or
surety was given
2. Whether the promoter/ JSW Green Cement Private Limited is a wholly
promoter group/ group owned subsidiary of JSW Cement Limited.
companies have any interest in
this transaction? If yes, nature The corporate guarantee shall be issued at
of interest and details thereof arm’s length.
and whether the same is done
at “arm’s length”
3. Brief details of such guarantee Corporate Guarantee shall be upto Rs. 60
or indemnity or becoming a crores.
surety viz. brief details of
agreement entered (if any)
including significant terms and
conditions, including amount
of guarantee
4. Impact of such guarantees or There is no immediate impact on the Company,
indemnity or surety on listed except to the extent of the amount for which
entity the corporate guarantee has been provided, in
the event JSW Green Cement Private Limited is
unable to meet its repayment obligations to the
bank/institution.
Deloitte Chartered Accountants
Commerz Ill, 30th & 31st floors
Haskins & Sells LLP International Business Park
Oberoi Garden City
Off. Western Express Highway
Goregaon (East)
Mumbai-400 063
Maharashtra, India
INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED
FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF
JSW Cement Limited
1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of
JSW Cement Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together
referred to as "the Group"), and its share of the net profit after tax and total comprehensive
income of its associate and joint ventures for the quarter and half year ended September 30,
2026 ("the Statement") being submitted by the Parent pursuant to the requirement of
Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
as amended ("the Listing Regulations").
2. This Statement, which is the responsibility of the Parent's Management and approved by the
Parent's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial
Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with
relevant rules issued thereunder and other accounting principles generally accepted in India
and in compliance with Regulation 33 of the L
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