Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations

Audit Opinion:

Clean (Unmodified). The statutory auditors, Deloitte Haskins & Sells LLP, issued a limited review report stating that nothing has come to their attention to believe the financial results contain any material misstatement.

Key Financial Highlights [₹ crore]

Standalone Results:

Revenue from Operations: ₹1,737.89 crore (Q1 FY26: ₹1,445.22 crore | YoY Growth: ~20.3%)

Total Income: ₹1,779.02 crore

Net Profit: ₹111.41 crore (Q1 FY26: Net Loss of ₹1,332.34 crore)

EPS (Basic, not annualized): ₹0.83 (Q1 FY26: -₹13.51)

Other Equity: Not Specified for the quarter

Consolidated Results:

Revenue from Operations: ₹1,896.41 crore (Q1 FY26: ₹1,559.82 crore | YoY Growth: ~21.6%)

Total Income: ₹1,970.19 crore

Net Profit: ₹153.43 crore (Q1 FY26: Net Loss of ₹1,366.41 crore)

EPS (Basic, not annualized): Not Specified

Other Equity: Not Specified for the quarter

Profit attributable to owners of the Company: ₹160.64 crore

Segment-wise Performance:

The Group operates in a single segment of providing cement and cement-related products. No separate segment disclosure is provided.

Corporate Actions:

The Board approved raising funds up to ₹500 crores through the issuance of rated, listed Non-Convertible Debentures (NCDs) on a private placement basis. The Finance Committee is authorized to finalize the terms of the issue.

No dividend declarations, share splits, bonus issues, or buybacks were announced.

Other Significant Information:

Exceptional Items: There were no exceptional items in the current quarter (Q1 FY27). The notes explain significant exceptional items from previous periods:

  • Q1 FY25: A charge of ₹1,466.38 crore related to the valuation impact on the conversion of Compulsory Convertible Preference Shares (CCPS).
  • Q4 FY26: A reversal of ₹6.58 crore (consolidated) / ₹6.61 crore (standalone) related to the reassessment of employee benefit liabilities under new Labour Codes.
  • Q4 FY26: A charge of ₹11.02 crore for an expected credit loss on incentives under the West Bengal government scheme (WBSSIS 2013), which is under legal challenge.

Taxation: The company has opted for the new tax regime under Section 115BAA of the Income-tax Act, 1961 from FY 2026-27 onwards. This led to a recognition of a deferred tax asset in the previous quarter (Q4 FY26).

Gain on Dilution: The company recognized a gain of ₹55.21 crore in Other Income on the dilution of its stake in a joint venture.

Subsidiaries & Consolidation: The consolidated results include the parent company and subsidiaries (Shiva Cement Ltd., Utkarsh Transport Pvt. Ltd., JSW Green Cement Pvt. Ltd., Cemterra Enterprise Pvt. Ltd., JSW Cement Middleeast L.L.C SPC), a joint venture (JSW One Platforms Limited, JSW Cement FZC), and an associate (JSW Renewable Energy (Cement) Limited). The auditors' report notes reliance on the review reports of other auditors for some subsidiaries and the JV/associate.