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Usha Martin reports stellar Q3 numbers

01 Feb 2012 Evaluate

Speciality steel company, Usha Martin has reported a sharp jump of 757.98% in net profit to Rs 30.63 crore for the Q3 period ended December, as compared to Rs 3.57 crore registered in the corresponding period last year.

However, the consolidated profit was lower at Rs 25.72 crore during the quarter as the Thailand plant remained non-operational due to flooding and with the company booking a net loss of Rs 8 crore.

Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 182.85
Steel Authority 179.00
Jindal Stainless 755.20
APL Apollo Tubes 2153.00
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