Bhushan Steel Q4 net profit up 20% to Rs 288 cr

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Bhushan Steel Q4 net profit up 20% to Rs 288 cr

Press Trust of India / New Delhi 07 May 11 | 05:34 PM

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Bhushan Steel, the country's third-largest producer of secondary steel, today reported 19.5% rise in the net profit at Rs 287.9 crore in the fourth quarter ended March 31, 2011.

The company had achieved a net profit of Rs 240.93 crore in the January-March quarter last fiscal, Bhushan Steel said in a statement.

Income from operations of Bhushan Steel for Q4 in 2010-11 was Rs 1,966 crore, over Rs 1608 crore for the same period a year back, it added.

For the full-year ended March 31, 2011 , the secondary steel producer's net profit rose to Rs 1033 crore from Rs 845 crore in the same period a year ago.