JSW Cement posts ₹1.61 billion Q1 profit as revenue rises 21.6% on demand and price hikes
AI Market Summary
JSW Cement returned to profit in Q1 as demand growth and price hikes lifted revenue, but elevated petcoke and coal costs drove expenses up faster than sales. Industry output rose strongly through April–June and average cement prices increased ~4% QoQ, though below expectations. The results highlight mixed margins across Indian cement producers amid persistent energy-cost pressure and selective pricing power.
Impact level
● Low
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● Neutral
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JSW Cement reported first-quarter net profit of 1.61 billion rupees, reversing a year-ago net loss of 13.56 billion rupees that included exceptional items. Revenue rose 21.6% year on year to 18.96 billion rupees, supported by stronger demand and price increases. India’s cement output grew 8.2% in April, 8.4% in May and 9.8% in June, while average prices rose about 4% quarter on quarter, below analysts’ expectations. Total expenses increased 26.5% to 17.93 billion rupees.
