Bhushan Steel reports marginal growth in Q1 net profit

Bhushan Steel has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit for the quarter ended June 30, 2011 rose marginally by 2.05% at Rs 209.96 crore as compared to Rs 205.74 crore for the corresponding quarter last year. Its total income has surged by 62.47% at Rs 2239.31 crore for the quarter under review from Rs 1378.28 crore for the same quarter last year.

Bhushan Steel is the third largest secondary steel producer after SAIL and TISCO. It is the only producer in India that has widest width of cold rolled sheet.