JSW Cement Limited announced the outcome of its Board Meeting held on February 4, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. Key personnel decisions included the re-appointment of Mr. Parth Jindal as Managing Director, effective June 20, 2026, subject to shareholder approval, and Mr. Pankaj Kulkarni as an Independent Director for a second five-year term, effective April 1, 2026, also subject to shareholder approval. Both directors are confirmed to be free from SEBI debarment. Strategically, the company plans to incorporate a wholly-owned subsidiary in Fujairah, UAE. This subsidiary will establish a cement grinding unit with a capacity of 1.65 million tonnes per annum (MTPA). The capital expenditure for this unit is estimated at approximately USD 39 million, to be funded through a mix of debt and equity. Furthermore, JSW Cement will issue a corporate guarantee of up to USD 29.25 million for a foreign currency term loan to be availed by this subsidiary for the project. The financial results for the quarter ended December 31, 2025, showed a standalone revenue from operations of ₹1,478.67 crore, a significant increase from ₹1,360.79 crore in the corresponding quarter of the previous year. Standalone profit after tax for the quarter was ₹149.46 crore, compared to a loss of ₹2.72 crore in the same period last year. Consolidated revenue from operations stood at ₹1,621.22 crore, up from ₹1,432.74 crore year-on-year, with consolidated profit after tax at ₹130.62 crore, a substantial improvement from a loss of ₹80.22 crore in the prior year quarter. The financial statements also disclosed exceptional items, including ₹31.26 crore related to the impact of new Labour Codes on employee benefits and a ₹1,466.38 crore valuation difference on the conversion of Compulsory Convertible Preference Shares (CCPS). Additionally, the company is pursuing a claim of ₹339.87 crore related to state incentive schemes in West Bengal.
