Business Standard

Financial results in H2FY23 will be better than first half: JSW Steel's Rao

In a Q&A, the Jt MD and CFO of the company says the worst is over as higher volumes, better demand and lower raw material cost play out in the coming quarters

Seshagiri Rao
Premium

Seshagiri Rao

Ishita Ayan Dutt Kolkata
JSW Steel logged a consolidated net loss of Rs 848 crore in Q2FY23, due mainly to a slump in steel prices and global headwinds. In a conversation, JSW Steel joint managing director and group chief financial officer, Seshagiri Rao, tells Ishita Ayan Dutt that the worst is behind as higher volumes, better demand and lower raw material cost play out in the coming quarters. Edited excerpts:

JSW Steel’s loss in Q2 was unexpected. Is the worst over?

Yes, I think so. For one, demand in the second half will be much better. Then, the raw material prices corrected in Q2,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 23 2022 | 8:51 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com