Jaiprakash Associates Ltd’s clocks net profit of Rs 3,081 cr for Q4FY20

New Delhi: Jaiprakash Associates Ltd’s consolidated net profit stood at Rs 3,081.67 crore for the fourth quarter of the 2019-20 fiscal as compared to a net loss of Rs 664.11 crore in the same period of the previous fiscal.  The consolidated revenue from operations of the company fell about 19 percent to Rs 1,876.03 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 2,315. 39 crore in the same period of the previous fiscal.  

For the entire fiscal 2019-20, the consolidated net profit of the company stood at Rs 1,095.69 crore as compared to a net loss of Rs 2,044.99 crore in the previous fiscal. The consolidated revenue from operations for the entire fiscal 2019-20 fell about 24 percent to Rs 7,035.49 crore as compared to Rs 9,210.25 crore in the previous fiscal, the company said in a regulatory filing.

It may be noted that the central government has ordered a SFIO probe into the dealings and financial of the company. 

 The consolidated total expenses of the company stood at Rs 2,307.85 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 2592.84 crore in the same period of the previous fiscal. For the entire fiscal 2019-20, the total expenses of the company was Rs 8356.21 crore as compared to Rs 9926.81 crore in the previous fiscal.

On standalone basis, the net loss of the company went down by about 12 percent to Rs 307.37 crore in the for the fourth quarter of the 2019-20 fiscal as compared to a net loss of Rs 350.23 crore in the same period of the previous fiscal. The revenue from operations fell around 32 percent to Rs 1,172.04 crore for the fourth quarter of the 2019-20 fiscal as compared to Rs 1,721.81 crore in the same period of the previous fiscal.  

For the entire fiscal 2019-20, the standalone net loss of the company jumped 15 percent to Rs 892.83 crore as compared to Rs 773.68 crore in the previous fiscal. For the entire fiscal 2019-20, the standalone revenue from operations fell about 32 percent to Rs 4,619.13 crore as compared to Rs 6,833.23 crore in the previous fiscal.

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