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JSW Cement recorded a profit during the July-September quarter, supported by a rise in cement prices and higher dispatch volumes. Despite the typically subdued construction activity during India�s monsoon season, the company achieved a consolidated net profit of INR 864.3 million, reversing a loss from the previous year. Cement prices increased by an average of 5%, while volumes rose by 7%, driving overall revenue growth. The company�s performance aligns with that of larger peers such as UltraTech and Ambuja, both of which also reported stronger quarterly results.
JSW Cement reported a profit for the July-September quarter earlier this week, driven by higher cement dispatches and an uptick in average prices. The period, which typically experiences lower construction demand due to India's monsoon season, saw the company achieve a consolidated net profit of INR 864.3 million, compared with a loss of INR 643.9 million during the same quarter last year. Advertisement
Despite the improved financial performance, shares of JSW Cement closed 0.6% lower by the end of the week and have declined around 17% since their market debut in August. The cement sector, which had faced challenges in 2024 due to sluggish infrastructure activity following the general elections, has witnessed a gradual recovery in pricing.
According to data from Ambit Research, cement prices rose by an average of 5% during the reported period. Coupled with a 7% increase in cement volumes, the company's revenue grew by over 17% to reach INR 14.36 billion.
JSW Cement's performance follows a similar trend among larger industry peers, including UltraTech Cement and Ambuja Cements, both of which reported higher profits during the same quarter.
JSW Cement's quarterly turnaround highlights the resilience of India's cement sector, supported by improved demand and pricing recovery. The company's growth in both volume and realisation reflects strengthening market conditions despite the seasonally weak period. While share performance remains subdued since its listing, the underlying operational recovery suggests improving sentiment in the construction materials industry. The broader uptick in profitability across leading cement manufacturers signals a gradual rebound in infrastructure activity and overall construction demand nationwide.
Source - Reuters
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