Jaiprakash Associates has announced its third quarter results. The company reported net profit of Rs 103 crore after extraordinaries. Extraordinaries were at Rs 212 crore of employee compensation.
Net sales increased 115.8% to Rs 2,852 crore versus Rs 1,321.7 crore. Cement revenues jumped to Rs 948.3 crore from Rs 589.6 crore and construction revenues were up at Rs 1,643 crore versus Rs 713.3 crore (YoY).
Cement EBIT (earning before interest and tax) came in at Rs 263.4 crore as against Rs 157 crore; construction EBIT at Rs 410.7 crore versus Rs 87.48 crore and real estate EBIT jumped to Rs 147 core from Rs 29.5 crore.
Earning per shares post extraordinaries stood at Rs 0.49 for the quarter ended December 2009 and for 9-month EPS at Rs 6.96.
The company issued 1.25 crore shares to staff at sub-market price. Its consolidated EBITDA (earning before interest, tax, depreciation and amortisation) margin improved a bit to 30% versus 29% (YoY).
Source: CNBC-TV18Courtesy moneycontrol.com
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