Bhushan Steel has come up with spectacular second quarter results for FY10. Bhushan Steel posted net Sales of Rs 12.98 bn (YoY decline of 14.3%), an EBIDTA of Rs 3.4 bn (up by 2.6% (YoY)) and PAT of Rs 1.89 bn (a whooping 33.7% rise (YoY)). The EBIDTA margins rose by 436 bps on annual basis.
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