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