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Bhushan Steel reports a net loss of Rs 141.63 crore in Q1

13 Aug 2014 Evaluate

Bhushan Steel has reported results for first quarter ended June 30, 2014.

The company has reported a net loss of Rs 141.63 crore as compared to a net profit of Rs 76.26 crore for the quarter ended June 30, 2013. However, the company’s total income has increased by 12.41% to Rs 2803.72 crore for the quarter under review from Rs 2494.17 crore for the corresponding quarter of the previous year.

Bhushan Steel, formerly known as Bhushan Steel & Strips, is one of the leading players in the steel industry with steel making capacity of 2.2 Million Tonnes Per Annum (MTPA).

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
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