Steel maker Bhushan Steel today said its net profit surged nearly eleven fold to Rs 227.43 crore for the third quarter ended December 31, 2009, over the same period last fiscal.
Net sales increased to Rs 1,429 crore for the latest quarter, against Rs 1,002.33 crore for the same period previous fiscal, Bhushan Steel said in a filing to Bombay Stock Exchange (BSE).
For the nine-month period ended December 31, 2009, the company posted a net profit of Rs 588.46 crore against Rs 296.39 crore for the same period a year ago.
Shares of Bhushan Steel today closed at Rs 1,436.20 on the BSE, up 1.96 per cent from its previous close.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app