JP Associates Q2 net up 8.33% at Rs 130 cr

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JP Associates Q2 net up 8.33% at Rs 130 cr

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

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

Total income of the company jumped 2% to Rs 3,132 crore from Rs 3,071 crore during the same period.

JP Associates has approved demerger of Gujarat and Andhra Cement operations. It has decided to merge all cement operations in to Jaypee Cement Corp.

The company also hive off asbestos sheet and heavy engineering operations, which will merge in Jaypee Cement.