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Jaypee Infratech’s Q2 net falls 25% to Rs 311 crore

14 Nov 2011 Evaluate

Jaypee Infratech has reported results for the second quarter ended September 30, 2011.

The company has reported 24.56% fall in net profit for the quarter under review at Rs 310.58 crore. The company had posted a net profit of Rs 411.67 crore in the corresponding period last year. However, the company’s total income has increased marginally by 0.23% at Rs 717.71 crore for Q2FY12 as compared to Rs 716.08 crore for Q2FY11.

Jaypee Infratech, which is building the Yamuna Expressway connecting Delhi and Agra, has spent Rs 11,228 crore on the project as of September-end.

The company has declared interim dividend of Re 0.50 per equity share of Rs 10 or 5%, aggregating Rs 69.45 crore (excluding the dividend distribution tax of Rs 11.27 crore) for the year 2011-2012.

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