Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year Ended 30th September, 2026 (Q2 FY27)

Nature of Filing / Announcement: Regulatory Filing under SEBI LODR Regulations 30 & 33 - Outcome of Board Meeting

Audit Opinion:

The Limited Review Report issued by the Statutory Auditors, Deloitte Haskins & Sells LLP, was unmodified. The auditors concluded that based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.

Auditor’s Comment:

The auditors' report included a emphasis of matter regarding reliance on other auditors. They did not review the interim financial results of 4 subsidiaries, which reflected significant figures (total assets of ₹2,492.36 crores, net loss of ₹41.02 crores for H1 FY27). The consolidated results also included the Group's share of profit from 1 joint venture and 1 associate (₹31.55 crores for H1 FY27), which were also not reviewed by them. Their conclusion for these entities is based solely on the reports of other auditors. The report also mentioned one subsidiary whose results were not reviewed but were certified by management and deemed not material to the Group.

Key Financial Highlights [₹ crore]

Consolidated Results:

Quarter Ended 30.09.2026 (Unaudited):

  • Revenue from Operations: ₹1,912.15
  • Total Income: ₹1,929.30
  • Net Profit: ₹77.63
  • EPS (Basic, Not Annualised): ₹0.63
  • Other Equity: ₹5,444.33 (as of 30.09.2026)
  • Cash and Cash Equivalents: ₹159.12 (as of 30.09.2026)
  • Debt (Borrowings): Non-current ₹3,234.52 + Current ₹1,211.67 = Total ₹4,446.19 (as of 30.09.2026)

Half Year Ended 30.09.2026 (Unaudited):

  • Revenue from Operations: ₹3,808.56
  • Total Income: ₹3,899.49
  • Net Profit: ₹231.06
  • EPS (Basic, Not Annualised): ₹1.83

Comparisons (Quarter):

  • Revenue from Operations YoY (vs 30.09.2025: ₹1,436.43): Increased by 33.1%
  • Net Profit YoY (vs 30.09.2025: ₹75.36): Increased by 3.0%
  • Net Profit QoQ (vs 30.06.2026: ₹153.43): Decreased by 49.4%

Standalone Results:

Quarter Ended 30.09.2026 (Unaudited):

  • Revenue from Operations: ₹1,763.46
  • Total Income: ₹1,803.61
  • Net Profit: ₹78.93
  • EPS (Basic, Not Annualised): ₹0.58
  • Other Equity: ₹5,936.24 (as of 30.09.2026)
  • Cash and Cash Equivalents: ₹155.21 (as of 30.09.2026)
  • Debt (Borrowings): Non-current ₹2,743.06 + Current ₹930.59 = Total ₹3,673.65 (as of 30.09.2026)

Half Year Ended 30.09.2026 (Unaudited):

  • Revenue from Operations: ₹3,501.35
  • Total Income: ₹3,582.63
  • Net Profit: ₹190.34
  • EPS (Basic, Not Annualised): ₹1.41

Segment-wise Performance:

The Group operates in a single segment of providing cement and cement-related products. Therefore, no separate segment-wise disclosure is provided.

Corporate Actions:

Dividend: Not specified in this announcement.

Other Corporate Actions: The Board approved a Draft Composite Scheme of Arrangement between JSW Cement Limited and its subsidiary, Shiva Cement Limited, under sections 230 to 232 of the Companies Act, 2013. The Scheme provides for capital reduction in the books of JSWCL and the amalgamation of Shiva with JSWCL. The Scheme was submitted to BSE and NSE on 22nd October 2026 for a No Objection Certificate (NOC).