JSW Cement reported a more than tenfold jump in ​fourth-quarter profit on Thursday, helped by improved ‌demand.

* The JSW Group firm posted ​consolidated net profit of ⁠₹371 crore for the quarter ended March 31 from ₹34.22 crore a ‌year ago.

* India’s demand for cement accelerated 6%-7% year-on-year in January ‌and February due to ‌strong ⁠growth but moderated in March, according ⁠to analysts at HDFC Securities.

* The Indian government’s tax cut on cement bags to ​18% from 28%, effective ‌September, also helped.

* Cement companies typically record higher volumes in the fourth quarter, driven by favourable construction weather ‌and the need to meet fiscal ​year-end targets before the monsoon season begins.

* The company’s revenue from ⁠operations rose 10.9% to ₹1895 crore.

* Raw material costs jumped 16%, while ‌freight expenses rose 10.7% due to disruptions linked to the Middle East crisis.

* Total expenses climbed 2.4% to ₹1702 crore.

* The company reappointed Nilesh Narwekar as CEO ‌and approved additional cement grinding capacity of 2.5 ​MTPA in Rajasthan state.

* Shares rose as much as 9.3% after ⁠results before trimming some gains to trade 5% ⁠higher.

* Larger peer UltraTech Cement beat profit view and Ambuja ‌Cements posted a nearly threefold profit jump on strong volumes.

Published on May 21, 2026