**MARKET BRIEF: JSW Cement Q3 FY26 Performance & Strategic Outlook** **Financial Turnaround & Key Metrics** JSW Cement has reported a definitive turnaround for the quarter ended December 31, 2025 (Q3 FY26), shifting from a loss in the previous year to a net profit of **₹130.6 crore**. This profitability is underpinned by a **13%** year-on-year rise in consolidated revenue, which reached **₹1,621 crore**. Operational efficiency drove significant gains, with EBITDA surging **32%** to **₹285.1 crore**. Consequently, operating margins expanded to **17.6%**, up from 15.1% in the corresponding quarter of the previous fiscal year. Total sales volume climbed **14%** to **3.56 million tonnes**, led by a **17%** jump in Ground Granulated Blast Furnace Slag (GGBS) volumes and a **7%** increase in cement volumes. **Strategic Expansion & Credit Profile** The company is aggressively widening its footprint both domestically and internationally. A key development is the establishment of a **1.65 MTPA** grinding unit in Fujairah, UAE, with a planned capital expenditure of approximately **$39 million**. This marks JSW Cement’s entry into the global manufacturing arena. On the domestic front, the first phase of the integrated unit in Nagaur, Rajasthan, is scheduled for commissioning in **Q4 FY26**. These projects align with the company's broader target to reach a grinding capacity of **41.85 MTPA**. Reflecting improved leverage metrics and operational stability, CRISIL has upgraded JSW Cement’s long-term credit rating to **'AA-/Stable'** from 'A+/Stable'. **Market Position** Listed on the bourses since August 2025, the stock continues to attract investor attention following this robust quarterly performance. Recent trading data shows the share price hovering around the **₹116** level on the NSE and BSE. The combination of a financial turnaround, confirmed capacity additions, and a stronger credit profile positions the company favorably within the competitive infrastructure materials sector.