Jaiprakash Associates disclosed a sharp drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 18.69% to Rs 1,004.20 million from Rs 1,235.00 million in the same quarter last year.
Net sales for the quarter declined 11.32% to Rs 34,658.80 million, compared with Rs 39,082.60 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.47, registering 17.54% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 34,658.80 | 39,082.60 | (11.32) |
| Net Profit | 1,004.20 | 1,235.00 | (18.69) |
| Basic EPS | 0.47 | 0.57 | (17.54) |
Shares of the company gained Rs 1.05, or 1.44%, to trade at Rs 73.95. The total volume of shares traded was 888,996 at the BSE (10.48 a.m., Wednesday).
