*Bhushan Steel* announced a substantial drop in standalone net profit for the quarter ended December 2008 on sharp rise in raw material and interest costs. During the quarter, the profit of the company declined 72.19% to Rs 207.40 million from Rs 745.70 million in the same quarter last year.
Net sales for the quarter rose marginally 2.13% to Rs 10,036.90 million, while total income for the quarter rose marginally 1.59% to Rs 10,064 million, when compared with the prior year period. The company posted earnings of Rs 4.88 a share during the quarter, registering 72.21% decline over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Net Sales* 10,036.90 9,827.30 2.13 *Net Profit* 207.40 745.70 (72.19) *Basic EPS* 4.88 17.56 (72.21) During the quarter, the operating margin of the company declined by 326.04 basis points to 15.75% compared with the previous year period. Interest cost increased 49.03% to Rs 631.90 million while depreciation cost rose 16.16% to Rs 645.50 million over previous year period. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
