30th-May-2012 20:32Source: BSE

Jaiprakash Asso - Announces Q4 & FY12 Results & Auditors Report for March 31, 2012

Jaiprakash Associates Ltd has announced the following results for the quarter & year ended March 31, 2012

The Audited results for the Quarter ended March 31, 2012

The Company has posted a net profit of Rs. 2838.10 million for the quarter ended March 31, 2012 where as the same was at Rs. 3036.10 million for the quarter ended March 31, 2011. Total Income is Rs. 40938.80 million for the quarter ended March 31, 2012 where as the same was at Rs. 40731.70 million for the quarter ended March 31, 2011.

The Audited results for the Year ended March 31, 2012

The Company has posted a net profit of Rs. 10263.80 million for the year ended March 31, 2012 where as the same was at Rs. 11677.80 million for the year ended March 31, 2011. Total Income is Rs. 131176.10 million for the year ended March 31, 2012 where as the same was at Rs. 133187.10 million for the year ended March 31, 2011.

The Consolidated Results are as follows :

The Audited consolidated results for the Year ended March 31, 2012

The Group has posted a net profit after taxes, Minority Interest and Share of Profit of Associates of Rs. 6329.20 million for the year ended March 31, 2012 where as the same was at Rs. 17928.20 million for the year ended March 31, 2011. Total Income is Rs. 151204.90 million for the year ended March 31, 2012 where as the same was at Rs. 116298.10 million for the year ended March 31, 2011.

The Hon''ble High Court of Judicature at Allahabad has sanctioned the Scheme of Demerger on April 09, 2012. Pursuant to. the Scheme u/s Section 391/394 of the Companies Act, 1956 (i) South Cement Undertaking, (ii) West Cement Undertaking , (iii) Asbestos Undertaking, (iv) Heavy Engineering Works undertaking & (v) Foundry Undertaking stand demerged and transferred to and vested in the Transferee Company i.e. Jaypee Cement Corporation Limited [100% subsidiary of the Company]. Accordingly, all Assets and Liabilities of the above said Undertakings have been transferred w.e.f. Appointed dated i.e. April 01, 2011 and the scheme has come into effect from April 08, 2012 on filing of the Scheme with the Registrar of Companies. Therefore, the figures for the earlier quarters have been reworked and are hence not comparable.