Jaiprakash Associates Ltd. (JAL) - the giant infrastructure conglomerate says that its net profit rose to nearly 492% during the first quarter of 2009-10 as compared to nearly 126 crores in the last year and consequently their turnover also rose from previous year’s Rs. 1,195 crores to Rs. 2,117 crore (which is 77%) during the first quarter. The cement industry saw a growth from Rs 577 crore to Rs. 905 crore which is 57% more compared to last quarter. There was also an upward trend in the cement dispatches from last quarter’s Rs 18.45 lakh tones to Rs. 24.1 lakh tones.
There was a rise in the income by Rs. 1,085 Crore as against Rs. 505 crore achieved during the last quarter from the engineering segment and also from wind power, adds the source at www.propertykhazana.com. Though there was a downtrend in the realty segment, JAL could raise its income from previous year’s 75 crores to Rs. 95 crores in the corresponding year (increase by 25%). The engineering segment income was 51% followed by 43% Cement segment and 4% by the realty sector and 2% by the hotel segment respectively. ESOPs of 1.25 crore equity share for Rs. 2 each aggregating to Rs. 60 per share we approved by the Board of Directors to its employees and their subsidiaries. The Executive Chairman of JAL says at the www.propertykhazana.com that the company has seen an upward trend in their business during the last quarter current and also in the instant last quarter and is hoping that the same trend may go on in the current quarter too. For more and latest realty updates follow www.propertykhazana.com.
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