JSW Cement Q4 Results: Tax write-back aids profit but stock jumps 9% on operating performance

Shares of JSW Cement Ltd. gained as much as 9% on Thursday, May 21, in response to its fourth quarter results that were strong on the operational front when compared to last year.

The company reported positive numbers across all parameters.

Its net profit surged to ₹371.3 crore in the March quarter from 34.2 crore last year. The profitability during the quarter was aided by a tax write-back of ₹147 crore in the fourth quarter compared to an expense of ₹59.5 crore in the year-ago period.

Even adjusted for the Tax write-back, the profitability figure is significantly higher compared to last year.

The company's revenue increased by 11% at ₹1,895 crore from ₹1,709.4 crore in the fourth quarter last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 52% at ₹365 crore from ₹240 crore last year, while margins expanded by over 500 basis points to 19.3% from 14% in the year-ago period.

The company also recommended a dividend of ₹0.5 per equity share of ₹10 each for the financial year 2026.

JSW Cement also informed the exchanges of a 2.5 MTPA GU capacity addition at its Greenfield integrated unit in Nagaur, Rajasthan.

It said the current cement griding capacity at Nagaur is 2.5 MTPA with another 1 MTPA griding capacity under implementation. The company's board on Thursday approved the setting up of an additional cement grinding capacity of 2.5 MTPA at Nagaur, with a view to increase utilization of the Nagaur clinker line and with the aim to make Nagaur largely self-sufficient in this regard.

Shares of JSW Cement are trading 8.4% higher after the results announcement at ₹131. The stock is still trading below its issue price of ₹147.

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