JSW One to break even by FY26

The firm has enough cash to fund expansion for the next 24 months

- Naman Suri Mihir Mishra

JSW One Platforms Ltd, the tech venture of the JSW Group, aims to achieve break-even within two years, after having quadrupled its gross merchandise value (GMV) since last year, said chief executive Gaurav Sachdeva.

"So, we will breakeven...somewhere closer to FY26. When we say breakeven, it is not Ebitda (earnings before interest, taxes, depreciation, and amortization) break-even, but PBT (profit before tax) break-even. So, on a PBT basis, we should be somewhere closer to the last quarter of FY26, or the full year of FY27," he said in an interview.