Jaiprakash Associates' net profit declines 86% at Rs 424 cr for Q4FY21
New Delhi: Jaiprakash Associates Ltd’s consolidated net profit declined 86 percent at Rs 424 crore for the fourth quarter of the last fiscal as compared to Rs 3,068 crore in the same quarter of the previous fiscal.
The company’s revenue from operations jumped 34 percent at Rs 2,517 crore for the fourth quarter of the last fiscal as compared to against Rs 1,876 crore in the same period last fiscal, the company said.
The total expenses of the company went down 5 percent at Rs 2,212 crore for the fourth quarter of the last fiscal as compared to Rs 2,323 crore in the same period of last fiscal.
For the whole of last fiscal year, the company registered a consolidated net loss of Rs 667 crore. It had clocked a net profit of Rs 561 crore in the previous fiscal.