JSW Cement posts Q2FY26 net profit of Rs 75 cr
The company reported a robust turnaround in its Q2FY26 performance, driven by higher volumes, improved operational efficiency and reduced finance costs, according to its official statement.
The company reported a robust turnaround in its Q2FY26 performance, driven by higher volumes, improved operational efficiency and reduced finance costs, according to its official statement.
The company has attributed the loss to a one-off charge related to the conversion of Compulsorily Convertible Preference Shares (CCPS) into regular equity shares.
The listing is expected to enable JSW Cement to strengthen its financial position and compete more effectively in an increasingly competitive market led by UltraTech Cement Ltd and the Adani Group.
The proposed investment includes an integrated cement plant with 2.5 MTPA clinker capacity, 2.5 MTPA grinding capacity, 15 MW Waste Heat Recovery System, a modern residential colony in Madhya Pradesh, and a 2.5 MTPA grinding unit in Uttar Pradesh.
It further noted that the acquirer is the investment fund of its controlling entity, Synergy Metals and Mining Fund I LP, which invests in the industrials, metals and power sectors globally.
