Bhushan Steel reports marginal fall in Q1 net profit

Bhushan Steel has reported results for first quarter ended June 30, 2012.

The company has reported a marginal decline of 1.90% in its net profit at Rs 205.97 crore for the quarter under review as compared to Rs 209.96 crore for the same quarter in the previous year. However, the total income of the company has increased by 27.09% at Rs 2845.91 crore for Q1FY13 as compared Rs 2239.31 crore for the corresponding quarter previous year.

Bhushan Steel has three plants in Uttar Pradesh, Maharashtra and Orissa, with total annual production capacity of more than 2 million tones. It produces secondary steel products like cold-rolled coils, galvanised coils, high tensile steel strapping and colour coated coils.