JP Asso Q1 sales seen up at Rs 1142 cr

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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.

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