JP Associates Q1 net may dip 65% at Rs 48.5 cr: Kotak Sec

Kotak Securities expects Jaiprakash Associates to report a 60.8 percent degrowth quarter-on-quarter (degrowth of 65 percent year-on-year) in net profit at Rs 48.5 crore.

July 29, 2013 / 11:19 IST

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Kotak Securities has come out with its first quarter (April-June) earnings estimates for the construction sector. The brokerage house expects Jaiprakash Associates to report a 60.8 percent degrowth quarter-on-quarter (degrowth of 65 percent year-on-year) in net profit at Rs 48.5 crore.

Revenues are expected to decrease by 20.1 percent Q-o-Q (up 4.1 percent Y-o-Y) to Rs 3086.1 crore, according to Kotak Securities.

first published: Jul 29, 2013 11:19 am

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