JSW Cement shares remained in focus on Friday after a large pre-open block deal worth Rs 530.94 crore took place on the NSE, even as the stock extended gains following its strong Q4 FY26 earnings performance announced a day earlier.

According to exchange data, 4,28,18,002 shares of JSW Cement changed hands in a block deal at Rs 124 per share, taking the total transaction value to approximately Rs 530.94 crore. The buyers and sellers involved in the transaction were not immediately disclosed.

Following the deal, shares of JSW Cement rose 5.37% to Rs 134.31 in early trade on Friday, after closing sharply higher on Thursday post earnings. The stock touched an intraday high of Rs 136.44 against the previous close of Rs 127.46. The company’s market capitalisation stood at around Rs 18,080 crore.

On Thursday, the stock had surged over 7% after the company reported a strong Q4 FY26 operational performance. EBITDA jumped 52% year-on-year to Rs 364.1 crore, while EBITDA margin expanded sharply to 19.2% from 14.1% in the corresponding quarter last year.

Revenue from operations for Q4 FY26 increased 10.9% YoY to Rs 1,894.99 crore, while profit after tax came in at Rs 361.65 crore compared with Rs 16.21 crore in Q4 FY25. The sharp jump in profit was supported by a deferred tax write-back of Rs 146.77 crore during the quarter.

Profit before exceptional items and tax nearly tripled year-on-year to Rs 219.32 crore from Rs 75.75 crore, reflecting a significant improvement in the company’s core operating business.

For the full FY26, revenue from operations grew 12% to Rs 6,512.46 crore. The company reported a full-year net loss due to exceptional items worth Rs 1,504.48 crore, though underlying operational profitability improved sharply during the year.

Investors also tracked the company’s strong margin improvement, supported by stable power and fuel costs, better operating leverage, and improving utilisation at newly commissioned capacities.

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