Jaypee Infratech has reported results for first quarter ended June 30, 2012.
The company has posted a fall of 61.41% in its net profit at Rs 81.01 crore for the quarter under review as compared to Rs 209.94 crore for the same quarter in the previous year. Total income has increased by 14.36% at Rs 776.58 crore for Q1FY13 as compared Rs 679.05 crore for the corresponding quarter previous year.
During the quarter under review the Revenue has increased by 13.4% & EBIDTA registered an increase of 25.6% as compared to quarter ended June 30, 2012. After commencement of commercial operations of the Yamun Expressway with effect from August 07, 2012, Interest is being charged as revenue expenditure to the Statement of Profit and Loss. Hence finance cost and Profit before Tax for the quarter are not comparable with the corresponding quarter of the previous year.
Jaypee Infratech was incorporated as a Special Purpose Vehicle for implementation of 165 km long 6-lane Access-Controlled Yamuna Expressway in the state of Uttar Pradesh connecting Noida and Agra.
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