JSW Cement

Aug 19 (Reuters) - JSW Cement Ltd JSWC.NS:

• JSW CEMENT - GOT TAX DEMAND ORDER FOR 102.7 MILLION RUPEES

Source text: ID:nBSE1G9Cnn

Further company coverage: JSWC.NS

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Aug 13 (Reuters) - India's JSW Cement JSWC.NS reported a first-quarter profit on Thursday, as healthy demand and price hikes helped offset cost pressure.

The JSW Group firm posted a consolidated net profit of 1.61 billion rupees ($16.9 million) in the quarter ended June 30, compared with a loss of 13.56 billion rupees a year earlier, when the company had logged an exceptional charge of 14.66 billion rupees.

• The firm's profit before exceptional items and tax during the quarter rose to 1.90 billion rupees, from 1.65 billion rupees a year ago.

• Analysts had expected Indian cement makers to report steady first-quarter sales volume growth, helped by solid demand from infrastructure and institutional projects, with JSW Cement in particular seen benefiting from the ramp-up of its north India plant.

• India's cement output grew 8.2% in April, 8.4% in May and 9.8% in June.

• Average cement price across the country rose about 4% on a quarter-on-quarter basis, lower than analysts' expectations.

• JSW Cement's quarterly revenue from operations rose 21.6% from a year earlier to 18.96 billion rupees.

• Prices of petcoke and coal, key fuels for cement kilns, remained elevated amid disruptions linked to the Middle East conflict.

• JSW Cement reported a 22.7% increase in raw material costs during the quarter, while freight and fuel expenses rose 14.2% and 43.7%, respectively.

• Total expense climbed 26.5% to 17.93 billion rupees.

• Larger rivals Ultratech Cement ULTC.NS reported a rise in June-quarter profit on strong volumes, while Ambuja Cements' ABUJ.NS profit dropped on rising fuel costs.

• JSW Cement also approved a fundraise of 5 billion rupees via issue of non-convertible debentures.

($1 = 95.4400 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru; Editing by Subhranshu Sahu and Jonathan Ananda)

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Aug 10 (Reuters) - JSW Cement Ltd JSWC.NS:

• JSW CEMENT - BOARD TO CONSIDER FUNDRAISE VIA NON-CONVERTIBLE DEBENTURES

Source text: ID:nBSE9Bwh1G

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** India's JSW Cement JSWC.NS rises as much as 11.8% to 142.50 rupees - its highest since Oct. 10, 2025

** Stock on track for best week on record, with 12.4% gain so far through Friday

** Cement maker's Q4 consol total net profit jumps over 10-fold y/y; rev from ops up 10.9% y/y

** Emkay Global hikes PT on stock to 125 rupees from 115 rupees; says at ~11x FY28E EV/EBITDA, the risk-reward ratio appears balanced

** Bobs Capital says the strong diversified earnings pool, well-spread regional mix and strong backward integration will help improve the quality of earnings

** Brokerage hikes PT on stock to 148 rupees from 139 rupees

** Co rated "buy" on average by 15 analysts, median PT at 146 rupees - LSEG data

** YTD, stock up about 16%

($1 = 95.8800 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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May 21 - JSW Cement Ltd JSWC.NS:

• Q4 CONSOL TOTAL NET PROFIT 3.71 BILLION RUPEES

• Q4 CONSOL REV FROM OPS 18.95 BLN RUPEES

• RE-APPOINTMENT OF NILESH NARWEKAR AS CEO EFFECTIVE AUGUST 9, 2026 FOR 3 YEARS

• APPROVES ADDITIONAL CEMENT GRINDING CAPACITY OF 2.5 MTPA AT NAGAUR

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Further company coverage: JSWC.NS

March 19 (Reuters) - JSW Cement Ltd JSWC.NS:

• JSW CEMENT LTD - COMMISSIONS GREENFIELD PLANT IN RAJASTHAN WITH 2.5 MTPA GRINDING CAPACITY

Source text: ID:nBSE8HdgKw

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March 2 (Reuters) - JSW Cement Ltd JSWC.NS:

• DECLARED PREFERRED BIDDER FOR MINING LEASE OF THE SIKILANGSO LIMESTONE BLOCK

Source text: ID:nnAZN4SJ5GX

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** India's JSW Cement JSWC.NS shares surge as much as 9.3%, last up 8.2% at 125.61 rupees

** Co set for its best day since listing in Aug 2025

** Cement maker posts Q3 consol net profit of 1.42 bln rupees ($15.71 mln) vs loss of 687.9 mln rupees yr ago

** Co's rev from ops jumps 13%, lifted by a 14% y/y rise in total volumes

** Trading vols at 22.5 mln shares vs 30-day avg of 2.1 mln shares

($1 = 90.3700 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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Feb 4 (Reuters) - JSW Cement Ltd JSWC.NS:

• JSW CEMENT LTD - RE-APPOINTS PARTH JINDAL AS MANAGING DIRECTOR

• JSW CEMENT DEC-QUARTER STANDALONE PROFIT 1.49 BILLION RUPEES

• JSW CEMENT DEC-QUARTER REVENUE FROM OPERATIONS 14.79 BILLION RUPEES

Source text: ID:nBSE5fZm95

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JSW Cement Ltd JSWC.NS:

• JSW CEMENT Q2 CONSOL TOTAL NET PROFIT 864.3 MILLION RUPEES

• JSW CEMENT Q2 CONSOL REVENUE FROM OPERATIONS 14.36 BILLION RUPEES

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Further company coverage: JSWC.NS

** India's JSW Cement JSWC.NS climbs as much as 2.7% to 142.64 rupees

** Jefferies starts coverage with "buy" stock rating and PT of 170 rupees

** Stock last up 0.7% at 139.78 rupees

** The cement maker, despite being a late entrant in the space, has scaled to being among top 10 players with a capacity and volume growth CAGR of 13-17% over FY15-25, says Jefferies

** Adds, JSWC is well positioned for a profitable scale-up as it leverages JSW group synergies for procuring raw materials from group companies JSW Steel JSTL.NS, JSW Energy JSWE.NS and JSW Infra JSWN.NS

** Estimates EBITDA to grow at a CAGR of 35% over FY25-28

** Stock down 4% since listing in mid-August

(Reporting by Kashish Tandon in Bengaluru)

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** "The cement sector could prove to be resilient in the upcoming earnings season," analysts at Goldman Sachs said in a note

** Costs remained largely stable in the quarter, says brokerage

** Adds, price hikes in April-June have corrected only marginally in the ongoing quarter, which came as "a positive surprise"

** This, combined with the tax cuts, is expected to drive a turnaround in volumes in September end

** The GST cuts will likely benefit cement companies' margins - GS

** Keeps "buy" rating on UltraTech Cement ULTC.NS, "neutral" on Shree Cement SHCM.NS, Dalmia Bharat DALB.NS, Ambuja Cements ABUJ.NS and JSW Cement JSWC.NS

** Retails "sell" on ACC ACC.NS

(Reporting by Manvi Pant in Bengaluru)

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Sept 2 (Reuters) - JSW Cement Ltd JSWC.NS:

• JUNE-QUARTER CONSOL NET LOSS 13.56 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 15.6 BILLION RUPEES

Source text: ID:nBSE77LblH

Further company coverage: JSWC.NS

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** Shares of JSW Cement JSWC.NS rise 4% to 156 rupees after Motilal Oswal initiates with "neutral" at PT of 163 rupees, says stock "fairly priced"

** Brokerage expects revenue to grow at a compounded rate of ~19% over FY25-28, driven by higher sales volume and pricing improvement; sees profit of 3 bln rupees in FY26

** JSWC leads production of ground granulated blast furnace slag (GGBS), which replaces cement in concrete and is made from leftover slag at JSW group's steel plants

** GGBS is more profitable than grey cement made by competitors, and is helping JSWC expand its market presence - Motilal

** Adds, use of IPO proceeds to expand into north India will reduce co's revenue dependency and capacity share on south India to 41% in FY28 from 53% in FY25

** JSWC up 6.8% since it listed on August 14

(Reporting by Urvi Dugar)

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Rewrites lead to add valuation, adds background in paragraphs 3-6; updates shares

Aug 14 (Reuters) - Shares of JSW Cement JSWC.NS debuted 4% higher on Thursday valuing the firm at $2.38 billion as investors looked past broader market jitters to back the company's capacity expansion plans and push into new regional markets.

The stock listed at 153.50 rupees on the National Stock Exchange, above its 147 rupees issue price and just above its targeted $2.3 billion. It was last up 2.7% at 151.06 rupees as of 10:21 a.m. IST.

India, the world's second-largest cement producer, is riding a robust sector outlook, with the government's infrastructure and housing push expected to power demand growth through the decade, while prices rebound from multi-year lows hit last fiscal year.

JSW Cement, with its seven plants in southern, eastern and western India, is a relatively smaller player in an industry dominated by companies such as Aditya Birla-owned UltraTech Cement ULTC.NS and Gautam Adani-backed Ambuja Cement ABUJ.NS.

The company will use proceeds from the IPO for setting up a factory in the limestone-rich state of Rajasthan, it said in its prospectus.

Ventura Securities said JSW Cement's capacity ramp-up will expand its reach and boost profits, while its ties to the JSW Group offer brand strength and easy access to raw materials like slag and power via group companies in steel JSTL.NS, energy JSWE.NS and marine infrastructure JSWN.NS.

JSW Group holds a nearly 70% stake in the cement maker.

The $413 million initial public offering was oversubscribed nearly eight times earlier this week, driven by institutional investors whose bids were nearly 16 times their allotted quota.

($1 = 87.4320 Indian rupees)

(Reporting by Hritam Mukherjee and Kashish Tandon in Bengaluru; Editing by Nivedita Bhattacharjee)

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