JSW Cement Q2 FY27: revenue up 33.1% to ₹1,912.1 crore on 26.1% volume growth; capacity roadmap to 43.3 MTPA
Q2 FY27 revenue up 33.1% to ₹1,912.1 crore, volumes up 26.1%, operating EBITDA up 3.9% to ₹277.8 crore, PAT ₹77.6 crore.
By ScoutQuest · · 1 min read
- Q2 FY27 revenue
- ₹1,912.1 crore, up 33.1% YoY
- Q2 FY27 PAT
- ₹77.6 crore
- Approved grinding capacity expansion
- 25.1 to 43.3 MTPA
- Period
- Q2 FY27
- Positioning
- JSW Cement describes itself as a 25.1 MTPA grinding and 9.74 MTPA clinker producer across South, West, East and North India plus UAE, with the lowest CO2 emission intensity in the cement industry.
📉 Q2 FY27 revenue from operations was ₹1,912.1 crore, up 33.1% YoY, on total volumes of 3.93 million MT (+26.1% YoY); cement volume rose 39.5% to 2.29 million MT. Operating EBITDA grew only 3.9% to ₹277.8 crore (₹708/MT) and PAT was ₹77.6 crore, as cement realisation fell 3.4% QoQ.
📉 For H1 FY27, revenue rose 27.1% to ₹3,808.5 crore while operating EBITDA slipped 2.3% to ₹576.4 crore and EBITDA per ton fell from ₹919 to ₹745. Net debt stood at ₹4,287 crore, 3.26x TTM EBITDA as at Sep 30, 2026.
🏭 The company says it holds 25.1 MTPA grinding capacity across four regions and the UAE, and claims the lowest CO2 emission intensity in the industry. North utilisation rose from 55% to 75% QoQ after the Nagaur ramp-up.
🏭 Management presents an approved expansion to 43.3 MTPA grinding (33.3 MTPA by CY 2028) and a further 25.0 MTPA of potential projects to reach 68.3 MTPA; it targets 224 MW green power in FY27 and has announced a scheme to amalgamate listed subsidiary Shiva Cement into JSW Cement.
Also from JSW Cement
Q2 FY27 call: volumes up 26% Y-o-Y, revenue up 33%, Nagaur reaches EBITDA breakeven
2 Nov 2026
CRISIL reaffirms AA-/Stable on Rs 5800 crore long-term bank facilities; A1+ on short-term debt and commercial paper
28 Oct 2026
JSW Cement uploads audio recording of results conference call held 28 Oct 2026 on Q2/H1 FY2026 results
28 Oct 2026
More numbers
- Revenue from operations, Q2 FY27₹ 1,912.1 crore
- Revenue growth YoY, Q2 FY2733.1%
- Operating EBITDA, Q2 FY27₹ 277.8 crore
- PAT, Q2 FY27₹ 77.6 crore
- Net debt, Sep 30 2026₹ 4,287 crore
- Total volume growth YoY, Q2 FY2726.1%
- Revenue, H1 FY273,808.5 (₹ Crores)
- Operating EBITDA, H1 FY27576.4 (₹ Crores)
- Adjusted PAT, H1 FY27231.1 (₹ Crores)
- North region utilisation, Q2 FY2775%
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