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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
