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Jaiprakash Associates cons Q4 net profit at Rs632.92 cr-news31052012


Jaiprakash Associates has announced the following results for the quarter & year ended March 31, 2012

Standalone Results

The Audited results for the Quarter ended March 31, 2012

    The net profit of the company came in at Rs283.81 crore for the quarter ended March 31, 2012 where as the same was at Rs303.61 crore for the quarter ended March 31, 2011.
    The total income of the stood at Rs4093.88 crore for the quarter ended March 31, 2012 where as the same was at Rs4073.17 crore for the quarter ended March 31, 2011.

The Audited results for the Year ended March 31, 2012

    The net profit of the company stood at Rs1026.38 crore for the year ended March 31, 2012 where as the same was at Rs1167.78 crore for the year ended March 31, 2011.
    The total income of the company came in at Rs13117.61 crore for the year ended March 31, 2012 where as the same was at Rs13318.71 crore for the year ended March 31, 2011.

Consolidated Results

The Audited consolidated results for the Year ended March 31, 2012

    The net profit of the group stood at Rs632.92 crore for the year ended March 31, 2012 where as the same was at Rs1792.82 crore for the year ended March 31, 2011.
    The total income of the group came in at Rs15120.49 crore for the year ended March 31, 2012 where as the same was at Rs11629.81 crore for the year ended March 31, 2011.

The Hon'ble High Court of Judicature at Allahabad has sanctioned the Scheme of Demerger on April 09, 2012. Pursuant to. the Scheme u/s Section 391/394 of the Companies Act, 1956 (i) South Cement Undertaking, (ii) West Cement Undertaking , (iii) Asbestos Undertaking, (iv) Heavy Engineering Works undertaking & (v) Foundry Undertaking stand demerged and transferred to and vested in the Transferee Company i.e. Jaypee Cement Corporation Limited [100% subsidiary of the Company]. Accordingly, all Assets and Liabilities of the above said Undertakings have been transferred w.e.f. Appointed dated i.e. April 01, 2011 and the scheme has come into effect from April 08, 2012 on filing of the Scheme with the Registrar of Companies. Therefore, the figures for the earlier quarters have been reworked and are hence not comparable.
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