12% rise in raw material prices impacted Q3 profits, EBIDTA: Bhushan Steel
Nitin Johari, CFO of Bhushan Steel Ltd spoke to NDTV Profit on the company's Q3 results announcement. He said that the 1.5 per cent marginal dip in profit on year on year basis is due to higher interest and depreciation. He further said that the 12 per cent rise in raw material prices has contributed to dip in EBIDTA and net profit.
