Cement, construction, realty put up a good show: JP Asso

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Cement, construction, realty put up a good show: JP Asso

Jaiprakash Associates today announced a net profit of Rs 130 crore, in the second quarter of FY12, a growth at 8.33% compared to Rs 120 crore in the corresponding quarter of last fiscal.

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Jaiprakash Associates today announced a net profit of Rs 130 crore, in the second quarter of FY12, a growth at 8.33% compared to Rs 120 crore in the corresponding quarter of last fiscal.

The total income of the company jumped by 2% to Rs 3,132 crore from Rs 3,071 crore, in the same period, last year.

"The company's three segments - construction, real estate and cement have shown good growth in Q2FY12, although the quarter saw a monsoon impact" said Manoj Gaur, executive chairman of Jaiprakash Associates. While addressing the press,

Gaur said the company's Yamuna Expressway Project will be completed soon. "JP Power Ventures posted strong growth on yearly basis. Jaypee Infratech's Noida township is also doing well," he said.

Further, Gaur added that Jaypee Infra has posted its sales of over Rs 1,000 crore in October. "The company plans to bring down parent company debt by demerging Gujarat and Andhra Pradesh Cement plants," he added.

Watch the accompanying video for the complete press conference