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Speaking to CNBC-TV18, Jaspreet Singh Arora, senior analyst - Cement & Construction - Institution Equity, Anand Rathi says apart from UltraTech‘s deal with Jaiprakash Associates for its cement unit, the cement major has good presence in ancillary business too.
Analysts are concerned about JP Associates share price correction in medium term as the company is not seeing any meaningful growth in order book in EPC business
Motilal Oswal expects Jaiprakash Associates to report a 5.6 percent growth quarter-on-quarter (degrowth of 8.8 percent year-on-year) in net profit at Rs 125.8 crore.
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.
The year gone by was challenging year for the company, said Manoj Gaur, executive chairman, JP Associates. The firm has invested around Rs 39000 crore in various business including real estate, hospitality, cement and construction.
Jaiprakash Associates is set to declare its fourth quarter (January-March) earnings on Saturday. Analysts on an average expect the company to report subdued results during the quarter, according to CNBC-TV18 poll.
Parag Parikh ED & CFO, Gammon Infrastructure Projects, says that the company has posted cash profit of Rs 122 crore for nine months in FY13.
Murtuza Arsiwalla of Kotak Institutional Equities believes the company's construction and real estate figures look lopsided. According to him, margins across segments took a beating and contributed to the poor performance in Q3.
Jaiprakash Associates is set to announce its third quarter results on Monday. Analysts on an average expect consolidated profit after tax of the company to fall by 23.1 percent year-on-year to Rs 158 crore in the quarter, according to CNBC-TV18 poll.
Angel Broking has come with its December quarterly earning estimates for Infrastructure sector. According to the research firm, companies in our infrastructure universe are expected to report a subdued top-line growth of 12.8% (YoY) on the back of slowdown in execution.
Motilal Oswal has come out with its earnings estimates on cement sector for December quarter FY13. The research firm expects moderate growth in cement demand in 3QFY13, impacted by a delayed festive season and continued sluggishness in housing and infrastructure.
Diversified conglomerate Jaiprakash Associates is set to declare its second quarter earnings today. Analysts on an average expect the company to report healthy set of numbers that will be driven by the growth in E&C business.
Diversified conglomerate Jaiprakash Associates is set to declare its second quarter earnings today. Analysts on an average expect the company to report healthy set of numbers that will be driven by the growth in E&C business.
Jaiprakash Associates' first quarter profit after tax is likely to grow by 4.6% year-on-year to Rs 112 crore from Rs 107 crore. Net sales during the same period are expected to increase 6% to Rs 3,335 crore.