JSW Cement (JSWCEMENT) Investor Presentation summary

Business overview and growth

• Grinding capacity reached 21.6 MTPA across 7 units, with a 12.96% CAGR from 2015–2025, outpacing the industry average.

• Geographic presence spans South, West, and East India, with expansion into the North underway.

• Largest GGBS producer in India, with 41% of total volume sold as GGBS and 77.4% of products classified as green cementitious.

• Extensive distribution network includes 13,000+ dealers and 6,000+ direct customers.

• Strong corporate lineage and group synergies in raw material, power, and logistics.

Expansion strategy and project updates

• Clear roadmap to pan-India presence, targeting 41.85 MTPA grinding capacity by CY2028.

• Commissioned 1.0 MTPA Sambalpur grinding unit in Sep 2025, targeting Western Odisha and Jharkhand.

• Nagaur integrated unit (North region) nearing completion, with expected commissioning in early Q4 FY26.

• Talwandi Sabo (Punjab) 2.75 MTPA grinding unit progressing, targeting North Indian markets.

• Expansion supported by brownfield and greenfield projects across multiple states.

Financial and operational performance

• Q2 FY26 total volume sold rose 14.9% YoY to 3.11 mn MT; revenue from operations up 17.4% YoY to Rs 1,436.4 crore.

• Operating EBITDA improved 64.2% YoY to Rs 267.5 crore; PAT at Rs 75.4 crore.

• H1 FY26 consolidated revenue up 12.2% YoY; operating EBITDA up 49.1% YoY.

• Net debt reduced to Rs 3,231 crore, with Net Debt/EBITDA at 2.80x as of Sep 30, 2025.

• Cement realization declined 5.2% QoQ; GGBS realization stable; input and logistics costs decreased YoY.