JSW Cement Ltd. reported an improvement in performance for the September quarter of financial year 2026, driven by operating leverage and growth that outpaced the industry.

Raw material costs declined, aided by a reduction in slag purchases from third-party suppliers during the first quarter of FY26.

However, margins moderated sequentially, primarily due to a decline in realisations.

The company's consolidated revenue rose 17.4% year-on-year to ₹1,436.43 crore in the second quarter of FY26, compared to ₹1,223.71 crore in the same period last year.

Adjusted EBITDA jumped 114% to ₹267.52 crore from ₹162 crore in Q2 FY25. In the base quarter, JSW Cement had incurred a fair value loss from financial instruments amounting to ₹36.75 crore, which has been adjusted for in the comparison.

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