Jaiprakash Associates has reported rise of 11.37% in its standalone net profit at Rs 128.66 crore for the second quarter ended September 30, 2011. The company had posted a net profit of Rs 115.52 crore in the July-September quarter of the previous fiscal.

Net sales of the company also rose by 2.48% to Rs 3,067.45 crore during the reporting quarter from Rs 2,993.25 crore in the year-ago period.

Cement sector contributed Rs 1,323 crore to the total sales, construction Rs 1,355 crore and real estate Rs 201 crore during the quarter under review.

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