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Bhushan Steel reports 70% fall in Q2 net profit

15 Nov 2013 Evaluate

Bhushan Steel has reported results for the second quarter ended September 30, 2013.

The company has reported a fall of 70.19% its net profit at Rs 60.06 crore for the quarter as compared to Rs 201.51 crore for the same quarter in the previous year.  Total income of the company has decreased by 10.99% at Rs 2276.60 crore for quarter under review as compared to Rs 2557.69 crore for the quarter ended September 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).

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
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