Enough liquidity to handle capex for growth cycle: JSW Steel Joint MD & CEO

Acharya says that the company is on track with its expansion plan

JSW Steel reported a consolidated net profit of Rs 2,415 crore in the third quarter (Q3) of 2023-24 (FY24), surpassing Street expectations in a quarter marked by declining exports and retail sales. In a virtual interview, JAYANT ACHARYA, joint managing director and chief executive officer of JSW Steel, tells Ishita Ayan Dutt that the company is on track with its expansion plan. Edited excerpts:

JSW Steel’s net profit in Q3FY24 surged nearly fivefold year-on-year (Y-o-Y), but quarter-on-quarter (Q-o-Q), there was a drop.
 

JSW Steel had a very strong production performance — sequentially, we had an 8 per cent