Bhushan Steel reports 63% fall in Q1 net profit

Tata Steel BSL Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500055 | NSE: TATASTLBSL

16 Aug 2013 Evaluate

Bhushan Steel has reported results for first quarter ended June 30, 2013.

The company has reported 62.98% fall in its net profit at Rs 76.26 crore for the quarter as compared to Rs 205.97 crore for the same quarter in the previous year. Total income of the company has decreased by 12.36% at Rs 2494.17 crore for quarter under review as compared to Rs 2845.91 crore for the quarter ended June 30, 2012.

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).

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