Bhushan Steel reports standalone net loss of Rs 756.76 crore in the March 2017 quarter

Sales rise 35.01% to Rs 4083.44 crore

Net Loss of Bhushan Steel reported to Rs 756.76 crore in the quarter ended March 2017 as against net loss of Rs 657.56 crore during the previous quarter ended March 2016. Sales rose 35.01% to Rs 4083.44 crore in the quarter ended March 2017 as against Rs 3024.44 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3127.23 crore in the year ended March 2017 as against net loss of Rs 2802.27 crore during the previous year ended March 2016. Sales rose 16.67% to Rs 13248.69 crore in the year ended March 2017 as against Rs 11355.31 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales4083.443024.44 35 13248.6911355.31 17 OPM %21.1120.33 -22.5118.18 - PBDT-580.07-631.71 8 -2404.15-2443.79 2 PBT-862.53-924.87 7 -3560.73-3543.39 0 NP-756.76-657.56 -15 -3127.23-2802.27 -12

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