Slides
Page 1
Q1 FY26 RESULTS PRESENTATION 2ND SEPTEMBER 2025 Q3 FY26 |Results Presentation 4th February 2026
Page 2
2JSW Cement Q3 FY26 Results Presentation Forward Looking and Cautionary Statement This presentation contains forward-looking statements within the meaning of applicable securities laws. These statements are based on management's current expectations and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements include, but are not limited to, projections of financial performance, business strategy, capital expenditures, market conditions, regulatory developments, and other factors affecting the cement industry. Words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "will," "would," "could," "may," and similar expressions are intended to identify forward-looking statements. These statements reflect management's views as of the date of this presentation and are not guarantees of future performance. Investors are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially due to factors such as changes in demand for cement, fluctuations in raw material and energy prices, competition, regulatory changes, environmental considerations, and other risks detailed in the company's filings with the Securities and Exchange Board of India (SEBI) and other regulatory authorities. The company does not undertake any obligation to update or revise any forward- looking statements, except as required by law. This presentation is current as of the date shown and may be updated at any time without prior notice. It is provided for informational purposes only and should not be construed as an investment advice. None of the Company or any of its affiliates, advisers or representatives accept any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Please note that the past performance of the Company is not, and should not be considered as, indicative of future results. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose.
Page 3
3JSW Cement Q3 FY26 Results Presentation Contents 01 About JSW Cement Amongst the Fastest Growing Cement Companies in India 02 Growth Strategy Clear Blueprint for Creating a Pan-India Presence 03 Financial Performance: Q3 & 9M FY26 Business Environment Operational & Financial Performance 04 Sustainability Performance, Initiatives & Recognitions
Page 4
About JSW Cement Nandyal Integrated Unit
Page 5
5JSW Cement Q3 FY26 Results Presentation JSW Group Amongst India’s leading Conglomerates with a turnover of US$23 Bn(1) Presence across core sectors • India’s largest steel producer with capacity of 35.7 mtpa • Growing to 51.5 mtpaby FY31(2) • Market Cap of ~US$ 32.4bn • Power producer with 13.3 GW installed generation capacity • Targeting 30 GW generation and 40 GWhof energy storage capacity by 2030 • Market Cap of ~US$ 8.8bn • 2nd largest private port operator in India with 177mtpa capacity • Strategically located 3 Ports and 10 Terminals on the West and East coasts of India; targeting 400 mtpaby FY30 • Market Cap of ~US$ 5.9bn • Capacity of 21.6 mtpa, growing to ~41.85 mtpaand developing a pan- India presence • Lowest CO2 emission intensity in cement industry • Market cap of ~US$ 1.7bn • Capacity of 219,000 KLPA, with 3 plants in Karnataka and Maharashtra • Completed transformative acquisition of AkzoNobel India • Aim to be within the top 3 paint companies in India; targeting 800,000 klpacapacity by FY30 • 30% stake in JSW MG Motor India, 2nd largest EV passenger vehicle seller in India • Construction in progress for India’s largest NEV (New Energy Vehicle) complex: targeting 300k of PV and 15k of CV capacity by 2030 • India’s leading tech-led, full-stack B2B e-commerce platform, serving manufacturing and construction MSMEs with an end-to-end digital procurement ecosystem • GMV annual run rate crossed ₹18,150 crore on an annualized basis (4) Other Business lines EV Sports (1) As of FY25 (2) Excluding joint ventures (3) Market cap as of 30 January 2026 (4) Based on Q3 FY26 run rate
Page 6
6JSW Cement Q3 FY26 Results Presentation Strong Corporate Lineage of JSW Group Scaled Capacity India’s Fastest Growing(2) Cement Manufacturer Integrated Manufacturing Set-up Extensive Sales and Distribution Network Low CO2 Emission Intensity and Sustainable Products India’s Single Largest Manufacturer of GGBS Introducing JSW Cement(1) 1 2 3 4 5 6 21.60 MTPA(5) Grinding Capacity across 7 Units 12.96% | 4.77%(2) Grinding Capacity CAGR JSW | Industry Average Slag Long-term Contracts 13,000+ Dealers ~84% (4) FY25 Market Share 5.18 MMT | 41% GGBS % of Total Volume Sold 6.44 MTPA Clinker Capacity across 3 Units 12.64 MMT Total Volume Sold Limestone 12 mines, 1.2 bn MT reserves 6,000+ Direct Customers 258 kg/ton 52% Lower than Peer Group 50.1% | 66.4% Low Clinker to Cement Ratio JSW | Peer Average (3) South, West and East India Geographic Presence 16.73% | 6.15%(2) Sales Volume CAGR JSW | Industry Average Clinker Fully Self sufficient 52.9% Trade Share in Cement 77.4% Green Cementitous Products as % of Total Volume Sold 100% BF Slag Content Gives Strength and Durability to RMC 7 Visionary Promoters One of India’s leading Conglomerates Group Synergies Raw material, Power, Logistics JSW Brand Customer Loyalty + Trust (1) Data as of FY25 (2) CAGR for the period 2015-2025 (3) Peer average for FY24 (4) Source: CRISIL (5) As of Dec 31, 2025
Page 7
7JSW Cement Q3 FY26 Results Presentation JSW Cement: Strategically Located Manufacturing Footprint 4.50 MTPA Dolvi (Grinding) 6.00 MTPA Vijayanagar (Grinding) 0.80 MTPA Salem (Grinding) 4.20 MTPA Nandyal (Integrated Unit) 1.50 MTPA Jajpur (Grinding) 3.60 MTPA Salboni (Grinding) 1.32 MTPA Shiva Cement (Clinker unit) (1) In JSW FZC which is a JV (2) The grinding unit has been set up vide a commercial arrangement with Bhushan Power and Steel Limited, exclusively for use and consumption by Shiva Cement UAE 2.31 MTPA Fujairah (Clinker unit)UAE Region Grinding Capacity Clinker Capacity South 11.00 2.81 West 4.50 2.31(1) East 6.10 1.32 Total 21.60 6.44 Manufacturing Footprint Grinding Unit Limestone Mines Clinker Unit Integrated Unit Multi-regional presence (MTPA) 1.0 MTPA Sambalpur (Grinding) (2)
Page 8
Growth Strategy Dolvi Grinding Unit
Page 9
9JSW Cement Q3 FY26 Results Presentation Growth Strategy 20.60 33.85 41.85 1.00 3.50 2.75 2.00 4.00 2.00 1.00 5.00 FY25 Grinding Capacity Sambalpur, Odisha Nagaur, Rajasthan Mansa, Punjab Vijayanagar, Karnataka (Phase 1) Dolvi, Maharashtra CY 2028 Vijayanagar, Karnataka (Phase 2) Hatta, Madhya Pradhesh Uttar Pradesh Expanded Grinding Capacity 6.44 3.30 3.30 13.04 Approved Expansion Program (India) Greenfield Brownfield 9.74 CY 2028 + Clinker capacity (MTPA) Commissioned Sep ’25 Grinding capacity (MTPA) Current Grinding capacity: 21.60 MTPA New Project Approval (UAE) : Setting up of a 1.65 MTPA Grinding Unit in Fujairah, UAE, via a Wholly Owned Subsidiary / Subsidiary of JSW Cement, at a capital cost of USD 39 Million
Page 10
10JSW Cement Q3 FY26 Results Presentation Key Project Updates: Nagaur Integrated Unit 3.30 MTPA Clinker and 2.50 MTPA Cement Grinding • Equipment and machinery deliveries : 100% completed • Construction of main plant building : 97% completed; erection work : 90% completed • Expected commissioning in Q4 FY26 WHRS • Equipment and machinery deliveries : 96% completed • Civil works: AQC and PH Boiler completed and for ACC & STG it is in advance stage • Mechanical erection work is progressing well 1.0 MTPA Cement Grinding Unit • Engineering : 70% completed • Delivery of equipment in advance stage • Civil work ongoing for all the major buildings Nagaur IU – Pyro-processing and Clinker Storage Nagaur Integrated Unit Marking JSW Cement’s entry into North region Nagaur IU – cement grinding and packing & dispatch
Page 11
11JSW Cement Q3 FY26 Results Presentation Key Project Updates: Mansa Grinding Unit • 2.75 MTPA split grinding unit, which will source clinker from the Integrated Unit at Nagaur, Rajasthan • NOC from Site Appraisal Committee and CLU (Change in Land Use) permission are in progress • Online EC application has been submitted • Detail engineering is in progress • Ordering of main packages has been completed • Approval received from Punjab Electricity Board for construction power Mansa - Punjab 2.75 MTPA split Grinding Unit Proposed Target Markets for GU Himachal Pradesh Punjab Haryana Rajasthan Uttar Pradesh Madhya Pradesh Gujarat Uttarakhand New Delhi Mansa GU Nagaur IU Target Markets
Page 12
12JSW Cement Q3 FY26 Results Presentation Key Project Updates: Nandyal & VijayanagarRenewable Energy • Solar plant of 4.8 MW capacity installed in Nandyal • Power generation started from Nov’25 For Nandyal Unit • Solar plant of 3.0 MW capacity installed in Vijayanagar • Power generation started from Dec’25 For Vijayanagar Unit Solar capacity at Vijayanagar plant (Karnataka) Solar capacity at Nandyal plant (Andhra Pradesh)
Page 13
Financial Performance Q3 & 9M FY26 Vijayanagar Grinding Unit
Page 14
14JSW Cement Q3 FY26 Results Presentation Indian Economy Growth, Stability and Confidence define India’s economic tripod, with high-frequency indicators signaling sustained momentum 99% 105% 93% 107% 108% 2021 2022 2023 2024 2025 (Rainfall % of Long Period Average) Fig. in Lakh Crs. RBI raised FY26 GDP forecast to 7.3% on robust, broad-based economic momentum PMI momentum sustains in Q3, manufacturing and services remain firmly in expansion territory 45 50 55 60 65 Dec 23 Feb 24 Apr 24 Jun 24 Aug 24 Oct 24 Dec 24 Feb 25 Apr 25 Jun 25 Aug 25 Oct 25 Dec 25 PMI - Mfg PMI - services Above normal monsoon in 2025 strengthened rural cash flow and provide impetus to economy Avg. CPI in Q3FY26 was ~0.6%, continued benign price pressures well below RBI’s tolerance band Q3 GST collections remained robust, reflecting sustained economic activity, strong compliance RBI continues to cut interest rates in the ongoing easing cycle 6.50% 6.50% 6.25% 6.00% 5.50% 5.25% Sep'24 Dec'24 Feb'25 Apr'25 Jun'25 Dec'25 Source: Ministry of Commerce, CMIE, PIB, Ministry of Statistics and Programme Implementation 2.6 -3.3 5.7 2.9 3.2 2.6 3.3 3.7 -6.6 8.7 7.0 7.6 6.4 7.3 FY20 FY21 FY22 FY23 FY24 FY25 FY26 World India 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar FY23 FY24 FY25 FY26 1.871.821.771.961.841.96 2.36 2.011.851.961.861.891.961.701.74 Oct-24 Dec-24 Feb-25 Apr-25 Jun-25 Aug-25 Oct-25 Dec-25
Page 15
15JSW Cement Q3 FY26 Results Presentation Sector outlook (short term) Infrastructure led growth driven by strong Central and State capex thrust to boost demand 10.51 10.96 12.22 FY25 FY26 RE FY27 E +11% YoY Central Capex (Rs Lakh Cr.) State Capex and Central Grant (Rs Lakh Cr.) 8.90 11.40 FY25 FY26 BE +28% YoY Source: Union and State Budget FY26, FY27 Utilized approx. Rs. 7.88 lakh crore in 9M FY26 Utilization% ~72% as a percentage of FY26 revised estimate Capex by the top 20 State governments stood at ₹4.65 lakh crore during Apr–Dec ’25, marking a 15% increase over the same period last fiscal Apr- Dec FY26 Utilisation Critical drivers for FY26 have been: Strong front-loading of infrastructure capex Healthy central capex in pipeline ahead While YTD FY26 capex trajectory has been robust, recent FY27 Budget and its capex targets are critical in shaping expectations for FY27
Page 16
16JSW Cement Q3 FY26 Results Presentation GGBS end-use segments Infra Residential Comm. / Industrial Sector outlook (medium term) Cement demand to grow robustly in the medium term… (1) Source: CRISIL FY26P FY30P 7.5-8.5% CAGR 495-500 670-680 Strong Medium-term Growth Potential across Product Segments …… with broad based demand across segments Rural housing Urban housing Infra Ind. & Comm Segment Demand CAGR (FY26-30) Rural housing 7.0-8.0% Urban housing 6.0-7.0% Infrastructure 8.5-9.5% Industrial & Comm. 6.5-7.5% 32-34% 22-24% 29-31% 13-15% Strong tailwinds underpinning continued GGBS growth Cement demand Infra industry RMC industry GGBS demand GGBS expected to grow faster than cement demand (FY25-30 CAGR) 7.5-8.5% 8.5-9.5% 14-15% 9-10% GGBS application – key component of RMC Project/Captive RMC Comm. RMC Other 55-60% 25-30% 15-20% 60-65%35-40% 5% (FY25 Share of demand)
Page 17
17JSW Cement Q3 FY26 Results Presentation Operational Updates Financial Performance Other Highlights Q3 FY26: Key Highlights Total Volume Sold: 3.56 mn. MT, increased by 14.0% YoY Cement Volume Sold: 1.89 mn. MT, increased by 6.8% YoY GGBS Volume Sold: 1.53 mn. MT, increased by 17.0% YoY Cement realization declined by 3.9% QoQ; GGBS realization stable on QoQ basis Cement Trade ratio of 47%; Clinker factor of 52% Revenue from Operations: Rs 1,621 crore, increased by 13.2% YoY Operating EBITDA improved 31.5% YoY to Rs 285.1 crore, equating to Rs 802/MT PAT of Rs. 130.6 crore Net Debt Rs. 3,557 crore; Net Debt to TTM EBITDA of 2.90x as at Dec 31, 2025 Entered into a Share Purchase Agreement with Nuvoco Vistas Corp. Ltd. for the transfer of Vadraj Energy Gujarat Ltd. (owning a power plant in Gujarat), for a consideration of Rs. 191.63 crore During Q3 FY26, CRISIL upgraded JSW Cement’s long term credit rating to AA-/Stable from A+/Stable JSW Cement received one of the highest scores (86/100) in the global cement sector in the 2025 S&P Global Corporate Sustainability Assessment, demonstrating robust ESG performance
Page 18
18JSW Cement Q3 FY26 Results Presentation Quarterly Sales Volume 3.12 3.11 3.56 Q3 FY25 Q2 FY26 Q3 FY26 Total Volume Sold (mn. MT) Cement Volume Sold (mn. MT) Total sales volume(1) increased by 14.0% on YoY basis and by 14.3% as compared with sequential quarter Cement trade ratio: 47%, Blended cement ratio: 63% +14.0% YoY GGBS Volume Sold (mn. MT) 1.77 1.64 1.89 Q3 FY25 Q2 FY26 Q3 FY26 1.31 1.38 1.53 Q3 FY25 Q2 FY26 Q3 FY26 +6.8% YoY +17.0% YoY (1) Including cement, GGBS and clinker. Excludes clinker sold from JSW FZC. +14.3% QoQ +15.2% QoQ +11.0% QoQ
Page 19
19JSW Cement Q3 FY26 Results Presentation Quarterly Revenue from Operations 1,433 1,436 1,621 Q3 FY25 Q2 FY26 Q3 FY26 Revenue from Operations (Rs. crore) Cement Realisation (1) (Rs./MT) Revenues increased by 13.2% YoY, primarily driven by volume increase Cement realisation declined by 3.9% QoQ; GGBS realisation stable on QoQ basis +13.2% YoY GGBS Realisation (1) (Rs./MT) 4,448 4,638 4,459 Q3 FY25 Q2 FY26 Q3 FY26 3,791 3,685 3,655 Q3 FY25 Q2 FY26 Q3 FY26 +0.2% YoY -3.6% YoY (1) Realisation = Gross Selling Price less GST less Discount -0.8% QoQ -3.9% QoQ +12.9% QoQ
Page 20
20JSW Cement Q3 FY26 Results Presentation Quarterly Raw Material, Power & Fuel costs Combined cost of inputs increased slightly on YoY basis, primarily driven by higher blended fuel consumption cost and increase in inter-plant transfer of raw materials Combined cost of inputs increased QoQ, primarily driven by product-mix variations and uptick in certain raw material costs (1) Including raw materials cost, cost of traded goods and change in inventories (2) For India operations 1,104 1,023 1,165 677 725 665 Q3 FY25 Q2 FY26 Q3 FY26 Raw material Power & fuel Cost of Raw Materials (1) + Power & Fuel (Rs./MT) 1,781 1,749 1,830 +2.8% YoY +4.7% QoQ Average fuel consumption cost (2) (Rs./Mcal) 1.42 1.44 1.55 1.50 1.49 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26
Page 21
21JSW Cement Q3 FY26 Results Presentation Quarterly Logistics Costs 1,109 1,055 1,054 Q3 FY25 Q2 FY26 Q3 FY26 Logistics Costs (Rs./MT) Logistics cost per ton decreased by 4.9% YoY and were stable on QoQ basis YoY reduction driven by reduction in lead and efficiencies; On QoQ basis, benefit of lead reduction offset by railway busy season surcharge and change in source mix (reallocation of volumes between plants) Lead distance: Q3 FY25 281km, Q2 FY26 283km, Q3 FY26 273km -4.9% YoY flat QoQ
Page 22
22JSW Cement Q3 FY26 Results Presentation Quarterly Employee Costs and Other Expenses 273 271 255 Q3 FY25 Q2 FY26 Q3 FY26 Employee Costs (1) (Rs./MT) Excluding ESOP costs, Employee Costs per ton reduced YoY and QoQ, with impact of increased headcount, offset by operating leverage impact (1) Employee costs included ESOP expense of Rs. 6.9 crore, Rs. 3.4 crore and Rs 5.2 crore in Q3 FY25, Q2 FY26 and Q3 FY26 respectively -6.5% YoY -5.9% QoQ 735 681 618 Q3 FY25 Q2 FY26 Q3 FY26 Other Expenses (Rs./MT) Reduction on YoY basis, with lower branding spend, together with benefit of operating leverage Reduction on QoQ basis, with higher branding spend and repair and maintenance costs, offset by benefit of operating leverage -15.9% YoY -9.3% QoQ 250 260 240Excl. ESOP costs As reported (incl. ESOP costs)
Page 23
23JSW Cement Q3 FY26 Results Presentation Quarterly Operating EBITDA (Rs. Crore) 216.7 267.5 285.1 Q3 FY25 Q2 FY26 Q3 FY26 Op. EBITDA per ton improvement on YoY basis primarily driven by operating leverage Op. EBITDA per ton decline on QoQ basis, primarily due to softening of cement prices during Q3 FY26 and increase in cost of raw materials, partially offset by operating leverage +31.5% YoY +6.6% QoQ 694 860 802 15.1% 18.6% 17.6% Op. EBITDA per ton (Rs.) Op. EBITDA Margin (%)
Page 24
24JSW Cement Q3 FY26 Results Presentation 9M FY26: Consolidated Financial Performance Total Volume Sold (1) (mn. MT) 8.90 9.98 9M FY25 9M FY26 +12.1% YoY Cement Volume Sold (mn. MT) GGBS Volume Sold (mn. MT) Sales Volume Key Financials Revenue from operations (Rs cr) Operating EBITDA (Rs cr) +7.9% YoY +12.5% YoY +14.1% YoY Op. EBITDA per ton (Rs.) 688 877 4.99 5.38 9M FY25 9M FY26 3.69 4.21 9M FY25 9M FY26 4,104 4,617 9M FY25 9M FY26 +42.9% YoY 612.6 875.2 9M FY25 9M FY26 (1) Including cement, GGBS and clinker. Excludes clinker sold from JSW FZC.
Page 25
25JSW Cement Q3 FY26 Results Presentation Summary Income Statement (1) Adjusted Profit After Tax = PAT plus Fair value expense from financial instruments (CCPS) designated as FVTPL (2) Refer next page for exceptional expense related to CCPS; further, Rs. 33.7 Cr expense in Q3 FY26 / 9M FY26 related to impact of Labour Code on employee benefits Rs. Crore Q3 FY26 Q3 FY25 Variance (% YoY) 9M FY26 9M FY25 Revenue 1,621.2 1,432.7 13.2% 4,617.5 4,103.7 Less: Operating Expenses (1,336.2) (1,216.0) 9.9% (3,742.2) (3,491.1) Op. EBITDA 285.1 216.7 31.5% 875.2 612.6 Other Income 86.1 28.5 202.1% 131.8 80.2 Total EBITDA 371.2 245.2 51.4% 1,007.1 692.8 Less: Depreciation (81.2) (81.0) 0.3% (238.7) (231.9) Less: Finance Costs (86.7) (116.4) -25.5% (289.2) (336.0) Less: Fair Valuation of Financial instruments - (68.2) - (139.0) Share of Profit /(Loss) from JV 14.7 (32.7) 24.7 (105.3) PBT (before exceptional items) 218.0 (53.0) 504.0 (119.4) Less: Exceptional items (2) (33.7) 0.0 (1,500.0) 0.0 PBT 184.3 (53.0) (996.1) (119.4) Tax expense (53.7) (27.2) (164.3) (60.6) Profit After Tax 130.6 (80.2) (1,160.4) (180.0) Adjusted Profit After Tax (1) 130.6 (10.7) 306.0 (39.5)
Page 26
26JSW Cement Q3 FY26 Results Presentation Fair value expense arising from financial instruments (CCPS) designated as FVTPL Background The Company raised Rs 1,600 crore in FY22, by issuing Compulsory Convertible Preference Shares (CCPS) to 3 investors viz. AP Asia Opportunistic Holdings Pte. Ltd., Synergy Metals Investments Holding Limited and State Bank of India The CCPS were to be converted into Equity Shares as per the terms of the Shareholder Agreement. Accordingly, the CCPS were accounted for as Financial Liability (under Non-current Borrowings) and classified as Fair Value through Profit or Loss (FVTPL) The carrying value of the CCPS liability was Rs 1,897.71 crore as at 31 March 2025 FY26 Update On 24 July 2025, prior to the IPO of the Company, 160,000,000 CCPS of face value Rs. 100 each were converted into 235,662,477 equity share of face value Rs. 10 each Accordingly, the CCPS liability was fair valued as on 30th June 2025 based on the above conversion terms, resulting in a non-cash expense (Fair value expense arising from financial instruments (CCPS) designated as FVTPL) of Rs. 1,466.4 crore for Q1 FY26 and 9M FY26 No further expense incurred on account of CCPS in Q2 and Q3 FY26. The corresponding accounting entries (simplified) for Q1 FY26 and Q2 FY26 are illustrated below: Q1 FY26 (Rs. Crore) 30th June 2025 Q2 FY26 (Rs. Crore) 24th July 2025 Fair value expense arising from CCPS (Debit) 1,466.38 CCPS liabilities (Debit) 3,364.09 CCPS liabilities (Credit) 1,466.38 Share capital (Credit) (1) 235.66 Securities premium (Credit) 3,128.43 (1) Credit to Share Capital at Face Value of Rs.10 per Equity Share
Page 27
27JSW Cement Q3 FY26 Results Presentation Particulars Q3 FY25 Q2 FY26 Q3 FY26 Net Debt (Rs. crore) 4,088 3,231 3,557 Cash & cash equivalent (Rs. crore) 209 958 693 Net Debt/Equity (x) 0.97 0.53 0.58 Net Debt/EBITDA (x) (1) 3.89 2.80 2.90 Consolidated Net Debt Position (1) Net Debt/EBITDA on TTM basis (Rs. Crore)
Page 28
Sustainability JSW Cement is the World’s leading ‘Green Cement’ manufacturer The average CO2 emission intensity is 562 for the World, whereas for India it is 535 Ours is 258 kg CO2/Tonne of Cementitious Material Jajpur Grinding Unit
Page 29
29JSW Cement Q3 FY26 Results Presentation Sustainability Performance 749 738 740 742 FY23 FY24 FY25 Q3FY26 Specific Thermal Energy (Kcal/kg Clinker) GHG Emission Intensity (tCO2/tcm) Green Energy Share (RE+WHRS %) Thermal Substitution Rate (%) Specific Water Consumption (L/tcm) (1) Clinker Factor % 174 241 230 242 33 29 28 28 FY23 FY24 FY25 Q3FY26 Scope1 Scope 2 4.0 15.0 21.5 24.8 FY23 FY24 FY25 Q3FY26 8.1 9.8 16.5 12.8 FY23 FY24 FY25 Q3FY26 78 76 81 79 FY23 FY24 FY25 Q3FY26 43 46 50 52 FY23 FY24 FY25 Q3FY26 (1) KPI changed from Freshwater to Water intensity to align with the emerging disclosure guidelines (2) Source: CRISIL -for FY25 and CY24 respectively India avg. 535 kg/ton(2) JSW is 52% lower Global avg. 562 kg/ton(2) JSW is 54% lower
Page 30
30JSW Cement Q3 FY26 Results Presentation Sustainability Initiatives & Recognitions CII National Award Exceed Environment Award 2025 Corporate Sustainability Assessment (2025) Strengthening school education in Madhya Pradesh JSW Cement received one of the highest scores of 86/100 in the global cement sector, in the 2025 S&P Global Corporate Sustainability Assessment, demonstrating robust ESG performance JSW Cement’s Dolvi Unit received the National Award for Excellence in Energy Management 2025 from CII JSW Cement launched Project Gyanodaya, a CSR initiative aimed at strengthening literacy and innovative learning at the Government Higher Secondary School in Gaisabad district, MP, under its Hatta (MP) project JSW Cement’s Vijayanagar Unit received the 19th Exceed Environment Award 2025 in the Legend (Emerging) Category for Water Management in Cement sector
Page 31
THANK YOU Investor Relations Contact ir.jswcement@jsw.in Salem Grinding Unit