Profit after tax of the company is expected to fall 86.9 percent year-on-year to Rs 16.8 crore for the quarter, dented by lower E&C execution and margins, and higher depreciation & interest cost in seasonally weak quarter for both cement and E&C.
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.
Jaiprakash Associates is likely to report a profit after tax of Rs 75 crore in the second quarter of FY12, a massive fall of 35% as compared to Rs 115 crore in the corresponding quarter of last fiscal.