Jaiprakash Associates posts 86.2% drop in net profit to Rs 424.41 crore

0

Jaiprakash Associates Ltd (JAL) on Monday announced an 86.2% drop in its consolidated net profit to Rs 424.41 crore for the fourth quarter ended March 31, 2021.

The company posted net profit of Rs 3,068.10 crore in the January-March quarter a year ago, JAL said in a BSE-related filing.

However, its operating income rose 34.18% to Rs 2,517.20 crore in the quarter under review from Rs 1,876.03 crore in the corresponding period last year, the company said.

Its total expenditure was Rs 2,212.43 crore, down 4.76% in the fourth quarter of fiscal year 2020-21 from Rs 2,322.95 crore a year ago.

For the fiscal year, which ended March 31, 2021, JAL reported a consolidated net loss of Rs 667.31 crore. He had a net profit of Rs 560.76 crore the previous year.

Its operating income was Rs 6,405.66 crore in fiscal year 2020-21, down 8.95%. It was Rs 7,035.49 crore in fiscal year 2019-2020.

Jaiprakash Associates Ltd shares on Monday came in at Rs 14.76 each, up 4.98% from their previous close.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor

Leave A Reply

Your email address will not be published.