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By CNBC-TV18s research analyst, Niraj Shah
Jaiprakash Associates is to announce its Q1FY09 numbers. According to CNBC-TV18 estimates, its net sales is seen going up at Rs 1142 crore for first quarter as against Rs 927 crore in same period of last year.
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Profit after tax, PAT is expected to go up at Rs 171 crore versus Rs 140 crore and OPM is seen improving at 28.2% from 25.78% YoY.
These numbers could be vary depending on booking of Realty Revenues.
Factors to watch
- Volume growth in cement business aided by commissioning of grinding capacities at Chunar and Panipat
- Topline growth aided by rev booking from Real estate
Recent Developments
- Co awarded Ganga Expressway project
- Involves building a 1047 km long 8-lane access controlled expressway between Greater Noida and Balia in UP
- Project carries a contract price of Rs 30000 crore
- Also awarded Himalayan Expressway Limited by NHAI
- Project involves building the 27.14 km Zirakpur–Parwanoo Expressway
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