The News Scroll 05 August 2017  Last Updated at 9:01 pm | Source: PTI

Jaiprakash Associates back in black with Q1 profit at Rs 765cr

The company's total expenses reduced to Rs 2,44413 crore in the quarter under review, as compared to Rs 2,70326 crore in the corresponding period a year ago, according to a regulatory filing

Jaiprakash Associates back in black with Q1 profit at Rs 765cr
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi, Aug 5 (PTI) Jaiprakash Associates today reported a standalone net profit of Rs 764.99 crore in the quarter ended June, on higher income and lower expenses incurred during the period.

The company had reported a loss of Rs 602.95 crore in the corresponding quarter of the previous year.

Its total income for the April-June period stood at Rs 2,602.9 crore, against Rs 1,836.61 crore in the year-ago period.

The company's total expenses reduced to Rs 2,444.13 crore in the quarter under review, as compared to Rs 2,703.26 crore in the corresponding period a year ago, according to a regulatory filing.

The company also approved a proposal for raising of funds up to Rs 2,000 crore through equity related instruments for meeting capital expenditure, reduction of debt, general corporate purposes and working capital requirements for its businesses.

Jaiprakash Associates is into verticals like cement, real estate, hospitality, power, etc.


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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