Jsw Cement Limited · NSE:JSWCEMENT

Jsw Cement — Q1 FY26 Earnings Presentation

31 slides from Jsw Cement's earnings presentation, Sep 3, 2025

  1. Slide 1: Exchange 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 :– U26957MH2006PLC160839 Date: 03.09.2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange

  2. Slide 2: Q1 FY26 Results Presentation

    Q1 FY26 RESULTS PRESENTATION 2ND SEPTEMBER 2025

  3. 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

  4. Slide 4: Listing ceremony on NSE

    JSW Cement Listing ceremony on NSE - August 14, 2025 -

  5. Slide 5: Contents

    Contents Introducing JSW Cement Financial Performance – Q1 FY26 01 Amongst the Fastest Growing 03 Business Environment Cement Companies in India Operational & Financial Performance Growth Strategy Sustainability 02 Clear Blueprint for Creating a 04 Performance, Initiatives & Pan-India Presence Recog

  6. Slide 6: Introducing JSW Cement

    Introducing JSW Cement Nandyal Integrated Unit

  7. Slide 7: JSW Group

    JSW Group Presence across core sectors Amongst India’s leading Conglomerates with a turnover of US$23 Bn(1) • India’s largest steel producer with • Power producer with 12.8 GW • 2nd largest private port operator in • Capacity of 20.6 mtpa, growing to capacity of 35.7(2) mtpa installed generation cap

  8. Slide 8: Introducing JSW Cement

    Introducing JSW Cement(1) 20.60 MTPA 6.44 MTPA South, West and East 1 Scaled Capacity Grinding Capacity across Clinker Capacity across India 7 Units 3 Units Geographic Presence India’s Fastest Growing(2) Cement 12.96% | 4.77%(2) 12.64 MMT 16.73% | 6.15%(2) 2 Manufacturer Grinding Capacity CAGR Total

  9. Slide 9: JSW Cement: Strategically Located Manufacturing Footprint

    JSW Cement: Strategically Located Manufacturing Footprint Manufacturing Footprint 2.31 MTPA Fujairah (Clinker unit) UAE Multi-regional presence (MTPA) (2) 1.32 MTPA Shiva Cement (Clinker unit) Region Grinding Capacity Clinker Capacity South 11.00 2.81 UAE 3.60 MTPA West 4.50 2.31(1) Salboni (Grindin

  10. Slide 10: Growth Strategy

    Growth Strategy Dolvi Grinding Unit

  11. Slide 11: Growth Strategy: Clear Road Map to develop Pan-India Presence

    Growth Strategy: Clear Road Map to develop Pan-India Presence Approved Expansion Program Clinker 6.44 3.30 9.74 3.30 13.04 capacity 5.00 41.85 1.00 2.00 4.00 33.85 2.00 2.75 3.50 20.60 1.00 Current Sambalpur, Nagaur, Talwandi Vijaynagar, Dolvi, CY 2028 Vijaynagar, Hatta, Uttar Expanded Grinding Odis

  12. Slide 12: Key Project Updates: Nagaur Integrated Unit

    Key Project Updates: Nagaur Integrated Unit Nagaur Integrated Unit Marking JSW Cement’s entry into North region 3.30 MTPA Clinker and 2.50 MTPA Cement Grinding • Equipment and machinery deliveries are in advanced stage • Construction and erection progressing well • Commissioning expected as per plan

  13. Slide 13: Key Project Updates: Sambalpur and Talwandi Sabo grinding units

    Key Project Updates: Sambalpur and Talwandi Sabo grinding units Sambalpur Grinding Unit - Odisha (part of listed subsidiary – Shiva Cement Ltd.) • 1.0 MTPA Grinding unit, which will source its clinker requirement from Shiva Cement’s clinker unit • Construction activities nearly completed • Trial run

  14. Slide 14: Financial Performance Q1 FY26

    Financial Performance Q1 FY26 Vijayanagar Grinding Unit

  15. Slide 15: Indian Economy

    Indian Economy FY26 Outlook: India is expected to continue as the fastest-growing major economy, driven by stable year-on-year GDP growth, sustained government spending, easing inflation; Geopolitical events such as tariff disruptions continue to pose concerns RBI’s GDP growth projection for FY26 ma

  16. Slide 16: Indian Cement sector: Strong Medium-term Growth Potential

    Indian Cement sector: Strong Medium-term Growth Potential All India Cement Demand (mn. MT) Cement demand Share of Expected CAGR 7.5-8.5% CAGR segments demand (FY25) (FY26P – FY30P) Rural housing 32-34% 7.0-8.0% 670-680 Urban housing 22-24% 6.0-7.0% 495-500 Infrastructure 29-31% 8.5-9.5% FY26P FY30P

  17. Slide 17: Q1 FY26: Key Highlights

    Q1 FY26: Key Highlights  Total Volume Sold: 3.31 mn. MT, increased by 7.8% YoY  Cement Volume Sold: 1.85 mn. MT, increased by 10.0% YoY  GGBS Volume Sold: 1.30 mn. MT, increased by 5.0% YoY Operational  Cement realisation improved by 5.7% QoQ; GGBS realisation was stable on QoQ basis Updates  C

  18. Slide 18: Quarterly Sales Volume

    Quarterly Sales Volume Cement Volume Sold (mn. MT) Total Volume Sold (mn. MT) +10.0% YoY +7.8% YoY -12.0% QoQ -11.2% QoQ 1.68 2.10 1.85 Q1 FY25 Q4 FY25 Q1 FY26 3.73 3.31 GGBS Volume Sold (mn. MT) 3.07 +5.0% YoY Q1 FY25 Q4 FY25 Q1 FY26 -12.6% QoQ  Total sales volume(1) increased by 7.8% on YoY basis

  19. Slide 19: Quarterly Revenue from Operations

    Quarterly Revenue from Operations Cement Realisation (1) (Rs./MT) Revenue from Operations (Rs. crore) +3.0% YoY +7.8% YoY +5.7% QoQ -8.7% QoQ 4,894 4,754 4,629 Q1 FY25 Q4 FY25 Q1 FY26 1,709 1,560 1,447 GGBS Realisation (1) (Rs./MT) -4.1% YoY Q1 FY25 Q4 FY25 Q1 FY26 +0.2% QoQ  Revenues increased by

  20. Slide 20: Quarterly Raw Material, Power & Fuel costs

    Quarterly Raw Material, Power & Fuel costs Cost of Raw Materials (1) + Power & Fuel (Rs./MT) +0.8% YoY Average fuel consumption cost (2) (Rs./Mcal) Stable QoQ 1,832 1,848 1,847 639 641 1.44 1.52 1.44 1.55 743 1.42 1,088 1,209 1,205 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Raw

  21. Slide 21: Quarterly Logistics Costs

    Quarterly Logistics Costs Logistics Costs (Rs./MT) -5.9% YoY +2.0% QoQ 1,167 1,076 1,098 Q1 FY25 Q4 FY25 Q1 FY26  Logistics cost per ton decreased by 5.9% YoY, primarily due to reduced lead distance  Lead distance: Q1 FY25 295km, Q4 FY25 281km, Q1 FY26 283km JSW Cement Q1 FY26 Results Presentation

  22. Slide 22: Quarterly Employee Costs and Other Expenses

    Quarterly Employee Costs and Other Expenses Employee Costs (1) (Rs./MT) Other Expenses (Rs./MT) Excl. ESOP 286 202 234 costs -13.1% YoY -24.6% YoY -25.0% QoQ -4.5% QoQ 326 728 629 546 257 245 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26  Excluding ESOP costs, Employee Costs per ton reduced YoY,

  23. Slide 23: Quarterly Operating EBITDA (Rs. Crore)

    Quarterly Operating EBITDA (Rs. Crore) +38.5% YoY +28.5% QoQ 322.7 233.0 251.2 Q1 FY25 Q4 FY25 Q1 FY26 Op. EBITDA per ton (Rs.) 758 673 974 Op. EBITDA Margin (%) 16.1% 14.7% 20.7%  Highest first quarter EBITDA achieved in the company’s history at Rs. 323 Crore and substantial improvement on QoQ bas

  24. Slide 24: Summary Income Statement

    Summary Income Statement Rs. Crore Q1 FY26 Q1 FY25 Variance (% YoY) Revenue 1,559.8 1,447.2 7.8% Less: Operating Expenses (1,237.2) (1,214.8) 1.9% Op. EBITDA 322.7 232.5 38.5% Other Income 22.1 24.3 -9.3% Total EBITDA 344.7 256.8 34.0% Less: Depreciation (77.9) (74.0) 5.3% Less: Finance Costs (102.2

  25. Slide 25: Fair value expense arising from financial instruments (CCPS) designated as FVTPL

    Fair value expense arising from financial instruments (CCPS) designated as FVTPL Background  The Company raised Rs 1,600 crore in FY22, by issuing Compulsory Convertible Preference Shares (CCPS) to 3 investors viz. AP Asia Opportunistic Holdings Pte. Ltd., Synergy Metals Investments Holding Limited

  26. Slide 26: Consolidated Debt Position (excl. CCPS)

    Consolidated Debt Position (excl. CCPS) (Rs. Crore) Proforma Particulars Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY26 Net Debt (Rs. crore) 3,933 4,204 4,566 3,066 Cash & cash equivalent (Rs. crore) 315 65 131 1,631 Net Debt/Equity (x) 0.92 0.98 1.04 0.70 Net Debt/EBITDA (x) (1) 3.13 4.35 4.32 2.91 JSW Cement Q1

  27. Slide 27: Sustainability: World's leading 'Green Cement' manufacturer

    Sustainability JSW Cement is the World’s leading ‘Green Cement’ manufacturer The average CO2 emission intensity is 562 for the World, whereas for India it is 535 Ours is 258 kg CO2/Tonne of Cementitious Material Salboni Grinding Unit

  28. Slide 28: Sustainability Performance

    Sustainability Performance Specific Thermal Energy GHG Emission Intensity Green Energy Share (Kcal/kg Clinker) (tCO2/tcm) (RE+WHRS %) 751 241 230 248 749 174 21.5 21.6 15.0 740 33 29 28 29 738 4.0 FY23 FY24 FY25 Q1FY26 Scope1 Scope 2 FY23 FY24 FY25 Q1FY26 FY23 FY24 FY25 Q1FY26 India avg. 535 kg/ton(

  29. Slide 29: Sustainability Initiatives

    Sustainability Initiatives Participation in CCU testbeds in academia-industry collaboration for cement industry  Department of Science and Technology, Govt. of India launched five Carbon Capture and Utilisation (CCU) testbeds in the cement Renewed the sector, on the occasion of National Technology

  30. Slide 30: Sustainability Recognitions

    Sustainability Recognitions CII Climate Action Program (CAP) Award ET Edge - Sustainable Organizations 2025 JSW Cement was awarded CII JSW Cement was recognized for Climate Action Program (CAP) Championing Green Business Award for Climate Initiatives and Practices by ET Edge Actions Great Place to W

  31. Slide 31: Thank You

    THANK YOU Investor Relations Contact ir.jswcement@jsw.in Salem Grinding Unit

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