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There is renewed confidence in India story: JSW Steel CEO
Business Standard
|October 20, 2025
After a year-on-year (Y-o-Y) surge in net profit during Q2FY26 but sequential dip amid softer prices and higher imports, JSW Steel remains upbeat on domestic demand. Joint managing director and chief executive officer Jayant Acharya discusses the outlook, trade safeguards, and expansion plans with Ishita Ayan Dutt in a telephonic interview. Edited excerpts:
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JSW Steel’s net profit jumped nearly fourfold Yo-Y but fell over 25 per cent sequentially. What's your outlook for the rest of the year?
Quarter-on-quarter (Q-o-Q), the prices dropped in a seasonally weak market. Sentiments were also slightly weaker in August and September, and the imports went up a little. So, the price increase in the first quarter, corrected downwards. The forex loss also impacted profit after tax (PAT) Q-o-Q. We mitigated part of that impact through cost measures and a better product mix. But we had our second highest sales in the July-September quarter, which is seasonally weak.
What is the outlook, going forward?
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