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Bhushan Steel turns black in Q1FY19

Bhushan Steel has reported results for first quarter ended June 30, 2018.

The company has reported a net profit at Rs 2,104.30 crore for the quarter under review as against net loss of Rs 1,486.13 crore for the same quarter in the previous year. Total income of the company increased by 10.73% at Rs 4,646.15 crore for Q1FY19 as compared Rs 4,196.10 crore for the corresponding quarter previous year.

Bhushan Steel is one of the prominent players in the Indian Steel industry. Backed with more than 27 years of experience, the company is India's 3rd largest Secondary Steel Producing Company with an existing steel production capacity of 5.6 million ton per annum.

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