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Jaiprakash Associates reports 56.48% fall in Q4 net profit

06 May 2013 Evaluate

Jaiprakash Associates has reported results for the fourth quarter & year ended March 31, 2013.

The company has reported a fall of 56.48% in its net profit at Rs 123.50 crore in Q4FY13 as compared to net profit of Rs 283.81 crore in the same quarter previous year. The total income of the company has decreased by 3.95% to Rs 3932.07 crore as compared to Rs 4093.88 crore in corresponding quarter last year.

For the full year, the company has reported a net profit of Rs 501.28 crore for the year ended March 31, 2013, a fall of 51.16% as compared to Rs 1026.38 crore for the year ended March 31, 2012.  However, total income has increased to Rs 13512.08 crore in FY13 from Rs 13117.61 crore in FY12, up by 3.01%.

On consolidated basis, the group has registered 27.04% fall in net profit after taxes, minority interest and share of profit/ loss of associates at Rs 461.79 crore in FY13 as against Rs 632.92 crore in previous year.  However, the total income of the company has increased to Rs 19128.67 crore as compared to Rs 15120.49 crore in FY12, up by 26.51%.

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