JAYPEE INFRATECH Q3 NET DOWN 34.75 percent at Rs 101.18 Crore
As per today’s report, Jaypee infratech reported 34.75 percent decline in net profit to Rs 101.18 Crore, in principle, due to increased costs. The Jaypee group company runs Yamuna Expressway plan connecting National Capital to Agra via Noida and Greater Noida had a profit of Rs 155crore in the corresponding quarter of the previous financial year. The company said in a filing with the BSE that its net sales rose by nearly 6 percent to Rs 987.80 Crore in the last quarter vis-à-vis Rs 933.13 Crore of Q3FY’13. Its total expense stood at Rs 633.73 Crore, amounting to 64.16 percent of the total sales. Financial costs of the company stood at Rs 226.47 Crore though, tax was Rs 26.84 Crore in the last quarter. Company’s shares closed at unchanged Rs 19 apiece on the BSE. The company publicized its results after was closed.
Source: The Indian Express
Jaypee Infratech, Jaypee infratech reported 34.75 percent decline in net profit, Q3 NET DOWN 34.75 percent, Yamuna Expressway plan
