5444802026-01-012026-03-315444802026-03-315444802025-03-315444802025-04-012026-03-315444802026-01-012026-03-31in-capmkt:OtherExpenses1Member5444802026-01-012026-03-31in-capmkt:OtherExpenses2Member5444802026-01-012026-03-31in-capmkt:OtherExpenses3Member5444802025-04-012026-03-31in-capmkt:OtherExpenses1Member5444802025-04-012026-03-31in-capmkt:OtherExpenses2Member5444802025-04-012026-03-31in-capmkt:OtherExpenses3Member5444802026-03-31OtherNoncurrentFinancialAssetsDomain15444802026-03-31OtherNoncurrentFinancialAssetsDomain25444802026-03-31OtherNoncurrentAssetsDomain15444802026-03-31OtherCurrentFinancialAssetsDomain15444802026-03-31OtherCurrentAssetsDomain15444802026-03-31OtherNoncurrentFinancialLiabilitiesDomain15444802026-03-31OtherNoncurrentFinancialLiabilitiesDomain25444802026-03-31OtherCurrentFinancialLiabilitiesDomain15444802026-03-31OtherCurrentFinancialLiabilitiesDomain25444802026-03-31OtherCurrentLiabilitiesDomain15444802026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15444802025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15444802026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15444802025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544480JSWCEMENTNOTLISTEDINE718I01012JSW CEMENT LIMITEDMain BoardEquity2025-04-012026-03-312026-05-212026-05-07INRCroresQuarterlyFourth quarterSingle segmentSingle Segment2026-05-2111:00:002026-05-2111:39:00trueCash Flow IndirectNot applicable2026-01-012026-03-31AuditedConsolidated18949900000205800000191557000004645900000273400000684000008579000008880000008358000009453600000170230000002132700000-444000002088300000-60300000-1407400000-1467700000035560000000006050000036165000002280000036393000003713300000-968000003735900000-9660000013412500000102.772.75002.772.751.The Board of Directors has recommended a dividend of Rs. 0.50 (fifty paisa only) per equity share of Rs. 10 each for the year ended 31 March 2026 subject to approval of the members at the ensuing Annual General Meeting. <BR> <BR> 2.The audited consolidated financial results of JSW Cements Limited ("Parent Company/Company"), its subsidiaries (the Parent Company and its subsidiaries together referred to as the "Group") and its joint ventures and associate for the quarter and year ended March 31, 2026 have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. <BR> <BR> 3. The above consolidated financial results of the Group for the quarter and year ended March 31, 2026 have been reviewed by the Audit Committee at their meeting held on May 18, 2026 and approved by the Board of Directors of the Company at their meeting held on May 21, 2026. The Statutory Auditors of the Company have carried out a limited review and audit of the results for the quarter and year ended March 31, 2026, respectively. <BR> <BR> 4. The Group operates in a single segment of providing cement and cement related products and hence no separate segment disclosure is required under Ind AS 108 - Operating Segments. <BR> <BR> 5. a)The Government of India has notified the Code on Social Security, 2020 (“Social Security Code”); the Occupational Safety, Health and working conditions Code 2020; the Industrial Relations Code 2020 and the Code on Wage, 2019 (collectively, the "Labour Codes”) on November 21, 2025. Pursuant to such notification, the Company had recognised a provision of Rs. 33.66 crores during the quarter ended December 31, 2025 towards estimated incremental gratuity liability for past service cost, disclosed under “Exceptional items”. Based on subsequent FAQ's and clarifications issued by the Ministry of Labour, professional advice obtained and a detailed examination of the final wage structure and the various provisions of the new Labour Codes, the Company, based on actuarial valuation, reassessed the estimated liability for past service cost as at March 31, 2026 at Rs. 27.07 crores. Accordingly, an excess provision of Rs. 6.58 crores has been reversed during the quarter ended March 31, 2026 under “Exceptional items”. The Company continues to monitor further notifications and clarifications relating to the Labour Codes and will account for the impact, if any, as appropriate. <BR> b) Pursuant to the shareholders agreements (SHA) between the Holding company and the investors of Compulsory convertible preference shares (CCPS), 160,000,000 number of CCPS have been converted into 235,662,477 number of equity shares of face value of Rs 10 each at a premium of Rs. 132.75 per share and the resultant valuation difference of Rs. 1,466.38 crore between the said conversion value, determined as per internal rate of return thresholds prescribed in SHA basis valuation done by the QIPO banker, and its carrying value as on March 31, 2025, being significant for year ended March 31, 2026 has been disclosed as an Exceptional Item. <BR> c) The Company applied for Industrial Promotional Assistance under the West Bengal State Support for Industries Scheme, 2013 (WBSSIS 2013) for its Salboni Cement Plant. While it received the preliminary Registration Certificate (RC-I), the final Registration Certificate (RC-II) was initially rejected by the District Industries Centre (DIC) for not applying within the specified timeline. The Company challenged this decision in the Calcutta High Court, which quashed the DIC's order and directed reconsideration within two weeks. Subsequently, the DIC again rejected the RC-II application on the aforementioned grounds. The Company's writ filed before the Calcutta High Court, presenting substantial evidence for commercial production, has been put on hold pending clarity on the following new enactment. <BR> In April 2025, the West Bengal government enacted the Revocation of West Bengal Incentive Schemes and Obligations in the Nature of Grants and Incentives Act, 2025 (Revocation Act), which retrospectively annuls all grants sanctioned under various state incentive schemes from 1993 to 2021. Based on the Company’s assessment coupled with the advice / opinion obtained from independent external legal counsel, the Company filed a writ petition in the Calcutta High Court challenging the Act and revocation of the scheme and believes it has a good case to recover the outstanding claim balance as on March 31, 2026 of Rs 339.87 crore. <BR> During the current quarter and year ended March 31, 2026, considering the uncertainty about timing of the recovery of incentive amount in view of the aforesaid developments / enactment, the Company on a conservative basis has reassessed and recognized additional provision amounting to Rs 11.02 crores determined on the basis of Expected Credit Loss methodology as per Ind AS 109 "Financial Instruments". The same has been disclosed under "Exceptional item" in the financial results. The Company carries provision for expected credit loss of Rs 49.18 crore as on March 31, 2026. <BR> <BR> 6. During the previous quarter, the Company, together with Alpha Alternatives Holdings Private Limited, had entered into a Securities Sale Agreement with Nuvoco Vistas Corporation Limited for the sale of securities of Algebra Endeavour Private Limited. The total consideration agreed under the agreement was Rs. 200 crore, of which Rs. 191.63 crore pertains to the securities held/to be held by the Company. Pursuant to the transaction, the Company recognised a fair value gain of Rs. 53.60 crore on the aforesaid investments, measured at fair value through profit or loss, during the quarter ended December 31, 2025. During the current quarter, the conditions precedent under the agreement were fulfilled and the consideration was received. <BR> <BR> 7. During the quarter, the Company's integrated cement plant in Nagaur, Rajasthan with a Cement grinding capacity of 2.50 Million Tonnes Per Annum (MTPA) and Clinker Capacity of 3.30 MTPA has commenced commercial production. <BR> <BR> 8. Pursuant to the amendments introduced under the Finance Act, 2026, inter alia enabling prescribed treatment of brought-forward MAT credit to the companies under tax regime as per Section 115BAA of the Income-tax Act, 1961 ("New tax regime"), the Company basis its assessment has decided to exercise the option to adopt the New tax regime from financial year 2026–27 onwards. In view of the same, the resultant reduction in net deferred tax liabilities, consequent to the reduced tax rate in the New tax regime, of Rs. 211.21 crore has been recognised in the current quarter and year ended March 31, 2026. <BR> <BR> 9. On 14 August 2025, the equity shares of the Company were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE). The comparative numbers for the quarter March 31, 2025 were not subjected to a review by statutory auditors of the Company and the management has exercised necessary diligence in preparing the financial results of these periods. <BR> <BR> 10. The figures for the quarter ended March 31, 2026 is the balancing figure between the audited figure in respect of the full financial year and the published year to date figures up to the third quarter for the financial year which were subjected to limited review by the statutory auditors. <BR> <BR> *Note for XBRL-The Audited Financials Statements have been passed at the Adjourned Board Meeting held on 21st May, 2026 which was originally been convened on 18th May, 2026.2025-04-012026-03-31AuditedConsolidated65124600000152400000066648600000153187000009034000008680000034184000003779600000322240000032994500000597238000006924800000-15044800000-8120000000371000001385000001756000000-8295600000000307800000-7987800000-42400000-8030200000-7563200000-424600000-7606300000-423900000134125000001052091600000-6.19-6.1900-6.19-6.19Power and Fuel expenses2366700000Freight and handling expense4445100000Other expenses2641800000Power and Fuel expenses9113000000Freight and handling expense15111300000Other expenses87702000007153150000095753000000216940000011095700000188200000016613000001240100000005322600000656270000015019000001234350000011662950000060178000000853770000044695000005279000002122800000953300000166112000000609630000028725300000145354800000134125000005209160000065504100000-22560000065278500000309194000000003437100000343565000009869000005032800000403762000009896700000364950000010741000000143905000001417940000038466600000119410000026200000132000003970010000080076300000145354800000Income tax assets (net)402500000Other financial assets4920100000Other non-current assets12343500000Other financial assets953300000Other current assets6096300000Lease liabilities3349300000Other financial liabilities87800000Lease Liabilities478500000Other current financial liabilities13700900000Other current liabilities11941000003779600000-1733000000-7443000000-495600000-635100000-42640000022130000001922400000062600000032224000000-14330000016430000056640000004687000005300000638600000166000000141053000000004190000001989930000011779300000000772000000117021000000340000019163000000058500000000019615200000000000000000064190000016513000000053000008447000000-63000000-16490900000001557970000000040070000001122530000013751300000421700000044249000000086078000003819000000038190000006505000004469500000Items that will not be reclasified to profit and loss-21300000-21300000Items that will not be reclasified to profit and loss-163100000-163100000-2600000-22600000Items that will be reclassified to profit or loss3660000036600000Items that will be reclassified to profit or loss9450000094500000-4900000-360000022800000-42400000