JSW Cement reported a net profit of ₹85 crore for the September quarter, down from ₹86 crore last year. Revenue grew to ₹1,912 crore, but higher power and raw material costs hit margins. The company now plans a ₹1,078 crore investment to expand grinding units at Vijayanagar and Dolvi by 2028.
JSW Cement's September quarter net profit (attributable to owners) was down marginally at ₹85 crore against ₹86 crore logged in the same period last year. Revenue increased to ₹1,912 crore (₹1,436 crore).
Overall expenses were up to ₹1,849 crore (₹1,349 crore), as power and freight costs increased to ₹383 crore (₹226 crore) and ₹428 crore (₹328 crore), respectively. Raw material cost was also up at ₹447 crore (₹319 crore).
The company plans to put up 2 mtpa grinding units at Vijayanagar and Dolvi with a cumulative investment of ₹1,078 crore. The addition will take the overall capacity at Vijayanagar to 8 mtpa, and to 6.5 mtpa at Dolvi. The fresh capacity at Vijayanagar and Dolvi will be commissioned by May and October 2028. Currently, the company has production capacity of 25.1 mtpa and the capacity utilisation stands at 64 per cent.
The company provided corporate guarantees of ₹60 crore in favour of IndusInd Bank for the sanction of credit facilities to its wholly-owned subsidiary, JSW Green Cement, for proposed capital expenditure and working capital requirements.