Jaiprakash Associates has reported results for the first quarter ended June 30, 2013.
The company’s net profit for the quarter grew over two folds at Rs 334.51 crore as compared to Rs 138.84 crore for the corresponding quarter of the previous fiscal. Company’s total income has increased by 10.38% to Rs 3351.93 crore for the quarter under review from Rs 3036.67 crore for June quarter of the previous fiscal.
However, the company has reported exceptional gain of Rs 395.28 crore for the June quarter, which has mainly boosted its bottom line figure. Jaiprakash’s net profit before extraordinary items has declined by 81.51% at Rs 37.49 crore for Q1FY14 against Rs 202.76 crore in Q1FY13.