India's JSW Cement posts profit on price recovery, higher volumes

JSW Cement

07/11/2025 15:49

Nov 7 (Reuters) - India's JSW Cement JSWC.NS reported a second-quarter profit on Friday, as it dispatched more volumes of the construction material at higher prices.

The volume growth comes in a seasonally weak quarter when India's annual monsoons slow construction activity, weakening demand for the material.

Consolidated total net profit for the July-September period came in at 864.3 million rupees ($9.8 million), compared with a loss of 643.9 million rupees a year ago.

Shares of JSW Cement closed 0.6% lower on Friday. They are roughly 17% down since their listing in August.

Cement prices have steadily recovered from lows hit in 2024 when demand took a hit from a slow pace in construction activity, especially infrastructure projects, following the country's general elections.

Cement prices, on average, rose 5% in the reported period, data from brokerage Ambit Research showed.

That, coupled with a 7% rise in cement volumes, lifted revenue by more than 17% to 14.36 billion rupees.

Larger cement peers such as UltraTech ULTC.NS and Ambuja ABUJ.NS also reported a rise in profit for the reported quarter.

($1 = 87.8950 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Anil D'Silva)

 ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))