Jsw Cement Limited · NSE:JSWCEMENT
Jsw Cement — Q2 FY2027 Earnings Presentation
32 slides from Jsw Cement's earnings presentation, Oct 27, 2026
Slide 1: Exchange filing cover letter: Results Conference Call Investor Presentation
Cement Limited JSW Centre Opp. MMRDA Ground, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. Tel : +91-22-4286 1000 Fax : 26502001 Website : www.jswcement.in CIN :– L26957MH2006PLC160839 Date: 27.10.2026 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Excha
Slide 2: Q2 FY 2027 Results Presentation
Q2 FY 2027 Results Presentation October 27, 2026 JSW Cement Results Presentation Q2 FY27 1
Slide 3: Forward Looking and Cautionary Statement
Forward Looking and Cautionary Statement This presentation contains forward-looking statements within the meaning of applicable securities laws. These statements are based on management's current expectations and assumptions, and are subject to risks and uncertainties that could cause actual results
Slide 4: JSW Group
JSW Group Presence across core sectors Amongst India’s leading Conglomerates with a turnover of US$25 Bn(1) • India’s largest steel producer with • Power producer with 15.1 GW of • India’s 2nd largest Private Ports • Capacity of 25.1 MTPA, growing to ~43 capacity of 33.4 MTPA(2) installed generation
Slide 5: Agenda
Agenda About Growth JSW Cement Strategy 05 08 Financial Performance Sustainability, Awards Q2 & H1 FY2027 & Recognitions 14 26 JSW Cement Results Presentation Q2 FY27 4
Slide 6: About JSW Cement
About JSW Cement Nandyal Integrated Unit
Slide 7: JSW Cement: Snapshot
JSW Cement: Snapshot(1) 25.10 MTPA(2) 9.74 MTPA South, West, East & 1 Scaled Capacity with Multi-Region Footprint Grinding Capacity across Clinker Capacity across North India & UAE 8 Units 4 Units Geographic Presence Among India’s Fastest Growing 14.7% (3) 14.2% (3) 15.6% (3) 2 Cement Manufacturers
Slide 8: JSW Cement: Strategically Located Manufacturing Footprint
JSW Cement: Strategically Located Manufacturing Footprint Manufacturing Footprint Multi-regional presence (MTPA) Region Grinding Capacity Clinker Capacity South 11.00 2.81 2.31 MTPA Fujairah West 4.50 2.31(1) (Clinker unit) UAE 1.32 MTPA East 6.10 1.32 Shiva Cement 3.50 MTPA (Clinker unit) North 3.5
Slide 9: Growth Strategy
Growth Strategy Dolvi Grinding Unit
Slide 10: JSW Cement: Road Map for Growth
JSW Cement: Road Map for Growth Capacity Expansion Plan Approved Expansion Plan Future Potential ~2.7x increase in overall capacity 68.3 25.0 43.3 6.0 4.0 4.0 33.3 Grinding cap. 1.7 (MTPA) 25.1 2.5 As at H1FY27 Nagaur, JSW FZC, Dolvi, CY 2028 Vijayanagar, Central Total Potential Future Rajasthan UAE
Slide 11: JSW Cement: Secured Resource Base to Underpin Future Growth
JSW Cement: Secured Resource Base to Underpin Future Growth Limestone reserves Potential Growth Options Limestone reserves: Grinding Cap. Clinker Cap. 1.3 bn. MT+ (1) (MTPA) (MTPA) Dimahasao, Assam Approved • Projects approved / under Panna & Damoh, 43.3 13.0 MP (2 mines) (2 mines) Expansion Plan co
Slide 12: Key Project Updates: Nagaur Integrated Unit
Key Project Updates: Nagaur Integrated Unit Nagaur Integrated Unit 3.3 MTPA Clinker and 2.5 MTPA Cement Grinding • OLBC from limestone crusher to plant commissioned • AFR co-processing system commissioned • Complete WHRS system (AQC boiler, PH Boiler, STG, ACC system) commissioned 1.0 MTPA Cement Gr
Slide 13: Key Project Updates: Other Projects
Key Project Updates: Other Projects Fujairah, UAE 1.65 MTPA Cement Grinding Unit • Civil rebar binding work is ongoing for mill block, cement silo and bag house building • Equipment manufacturing and steel structure fabrication is ongoing. Workshop inspections have commenced Fujairah : 1.65 MTPA GU-
Slide 14: Key Project Updates: Renewable Energy
Key Project Updates: Renewable Energy Wind & WHRS Capacity added in Q2 FY27 Green Power Capacity (MW) Nandyal Integrated Unit • Wind capacity of 32 MW capacity installed ~4.7x increase in RE capacity 224 Vijayanagar Grinding Unit • Wind capacity of 4 MW capacity installed 40 Nagaur Integrated Unit 1
Slide 15: Financial Performance: Q2 & H1 FY 2027
Financial Performance: Q2 & H1 FY 2027 Vijayanagar Grinding Unit
Slide 16: Indian Economy
Indian Economy FY27 Outlook: India is expected to continue as one of the fastest-growing major economy, driven by stable year-on-year GDP growth and sustained government spending; Geopolitical events continue to be challenging, with monsoons and inflation also posing concerns Upward revision of GDP
Slide 17: Q2 FY27: Key Highlights
Q2 FY27: Key Highlights Total Volume Sold: 3.93 million MT, increased by 26.1% YoY Cement Volume Sold: 2.29 million MT, increased by 39.5% YoY GGBS Volume Sold: 1.47 million MT, increased by 6.5% YoY Operational Cement realization declined by 3.4% QoQ; GGBS realization declined by 1.5% on Qo
Slide 18: Quarterly Sales Volume
Quarterly Sales Volume Total Volume Sold (1) (mn. MT) Cement Volume Sold (mn. MT) GGBS Volume Sold (mn. MT) +26.1% YoY +39.5% YoY +6.5% YoY +3.1% QoQ -2.2% QoQ +10.5% QoQ 3.81 3.93 3.11 2.34 2.29 1.38 1.33 1.47 1.64 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 North Region
Slide 19: Quarterly Revenue from Operations
Quarterly Revenue from Operations Cement Realisation (1) (₹/MT) Revenue from Operations (₹ crore) +3.1% YoY +33.1% YoY -3.4% QoQ +0.8% QoQ 4,638 4,951 4,781 1,896 1,912 Q2 FY26 Q1 FY27 Q2 FY27 1,436 GGBS Realisation (1) (₹/MT) Q2 FY26 Q1 FY27 Q2 FY27 +1.7% YoY -1.5% QoQ Revenues increased by 33.1%
Slide 20: Quarterly Raw Material, Power & Fuel Costs
Quarterly Raw Material, Power & Fuel Costs Cost of Raw Materials (1) + Power & Fuel (₹/MT) Average Fuel Consumption Cost (2) (₹/MCal) +19.2% YoY -1.9% QoQ 1.80 1.84 1.50 1.49 1.49 2,125 2,084 1,749 802 977 725 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Combined cost of inputs increased on YoY basis,
Slide 21: Quarterly Logistics Cost
Quarterly Logistics Cost Logistics Cost (₹/MT) +3.4% YoY Flat QoQ 1,055 1,091 1,091 Q2 FY26 Q1 FY27 Q2 FY27 Logistics cost per ton increased by 3.4% YoY and was stable on QoQ basis o Cost increased on YoY basis with savings from logistics efficiencies offset by higher lead distance and diesel cost
Slide 22: Quarterly Employee Cost and Other Expenses
Quarterly Employee Cost and Other Expenses Employee Cost (1) (₹/MT) Other Expenses (₹/MT) Excl. ESOP costs 260 255 254 +7.6% YoY -5.7% YoY +1.0% QoQ -0.6% QoQ As reported (incl. ESOP 726 733 costs) 681 271 257 255 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Excluding ESOP costs, Employee Cost
Slide 23: Quarterly Operating EBITDA
Quarterly Operating EBITDA Operating EBITDA (₹ crore) Operating EBITDA (₹/ton) Op. EBITDA Margin 18.6% 15.7% 14.5% +3.9% YoY 860 784 -6.9% QoQ 708 Q2 FY26 Q1 FY27 Q2 FY27 298.6 Operating EBITDA per ton decreased on YoY basis due 267.5 277.8 to higher Power & Fuel and Packing costs, which were part
Slide 24: H1 FY27: Consolidated Financial Performance
H1 FY27: Consolidated Financial Performance Total Volume Sold (1) (mn. MT) Cement Volume Sold (mn. MT) GGBS Volume Sold (mn. MT) +20.4% YoY +32.6% YoY +4.6% YoY 6.42 7.73 4.63 2.68 2.80 3.49 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 Revenue from Operations (₹ crores) Operating EBITDA (₹ crores
Slide 25: Summary Income Statement
Summary Income Statement Variance Variance Q2 FY26 Q2 FY27 Particulars (₹ Crores) H1 FY26 H1 FY27 (% YoY) (% YoY) 1,436.4 1,912.1 33.1% Revenue 2,996.3 3,808.5 27.1% (1,168.9) (1,634.3) 39.8% Less: Operating Expenses (2,406.1) (3,232.2) 34.3% 267.5 277.8 3.9% Operating EBITDA 590.2 576.4 -2.3% 23.6
Slide 26: Consolidated Net Debt Position
Consolidated Net Debt Position (₹ Crore) Particulars Q2 FY26 Q1 FY27 Q2 FY27 Net Debt (₹ crore) 3,231 3,856 4,287 Cash & cash equivalent (₹ crore) 958 357 159 Net Debt/Equity (x) 0.53 0.57 0.63 Net Debt/EBITDA (x) (1) 2.80 2.95 3.26 JSW Cement Results Presentation Q2 FY27 (1) Net Debt/EBITDA on TTM
Slide 27: Sustainability, Awards and Recognitions
Sustainability, Awards and Recognitions Vijayanagar Solar Capacity
Slide 28: Sustainability Performance
Sustainability Performance Specific Thermal Energy (Kcal/kg Clinker) GHG Emission Intensity (tCO2/tcm) Clean Energy Portfolio (RE+WHRS %) Scope1 Scope 2 376 753 40.7 749 743 241 230 242 740 24.0 738 174 21.5 15.0 33 29 28 28 25 4.0 FY23 FY24 FY25 FY26 Q2 FY27 FY23 FY24 FY25 FY26 Q2 FY27 FY23 FY24 FY
Slide 29: ESG Excellence
ESG Excellence 86/100 70/100 Portland Slag Cement, 269 kg/tcm CSA score ESG rating score CHD, Scope 1 and Scope 2 GHG GGBS & Microfine GGBS emissions intensity Ranked #1 globally in the Highest among listed and Concrete construction materials cement companies in India Near-term target to reduce sect
Slide 30: Awards and Recognitions
Awards and Recognitions Climate Action Pioneers Award 2026 Sustainability Excellence Award JSW Cement received Climate JSW Cement was awarded by Action Pioneers Award 2026 by Indian Chamber of Commerce for GRIHA Council for decarbonizing outstanding contribution towards cement manufacturing, circula
Slide 31: Corporate Social Responsibility Initiatives
Corporate Social Responsibility Initiatives Empowering Women, Weaving Dreams (Hatta) Healthcare, Closer Home (Hatta) Education Education JSWCL launched Project Pahal, JSWCL conducted healthcare and vision empowering rural women through camps across 12 villages, benefiting handloom skill development,
Slide 32: Thank You
THANK YOU Investor Relations Contact ir.jswcement@jsw.in Jajpur Grinding Unit