Bhushan Steel Ltd's leading manufacturer of auto-grade steel in India, standalone net loss widened to Rs 697.15 crore for the quarter ended December 31, 2015 compared to Rs 454.24 crore in the corresponding quarter of the previous year, but narrowed from Rs 732.79 crore in the preceding quarter.
The company’s revenue stood at Rs 2,537.86 crore, up 3.16% y-o-y but down 20.04% q-o-q.
Its standalone core operating profit of Rs 361.90 crore for the quarter declined by 18.96% y-o-y and 35.61% q-o-q. Operating profit margin for the current quarter at 14.26% contracted by 389 bps y-o-y and 345 bps q-o-q.
For nine months ended December 31, 2015, the company's standalone net loss widened to Rs 2,168.90 crore from Rs 893.06 crore in the corresponding period of the previous year. Its standalone revenue for the period stood at Rs 8,694.29 crore, registering a growth of 5.69% y-o-y.
Bhushan Steel Ltd's core operating profit stood at Rs 1,470.23 crore, recording a decline of 15.81% y-o-y. Operating margin for the current period, at 16.91%, contracted by 432 bps y-o-y.
Result highlights: (Rs in crore)
Reported Results |
YOY % |
QOQ % |
|
Standalone Revenue |
2537.86 |
3.16 |
-20.04 |
Standalone Net Profit |
-697.15 |
N/A |
N/A |