Jaiprakash Associates Ltd (JAL) today posted a five per cent rise in net profit at Rs 515.98 crore for the June quarter, helped by good performance in cement and engineering businesses. Total revenue rose 51.85 per cent to Rs 3,214.47 crore.
Manoj Gaur, executive chairman, JAL, said, “Our results are in line with the targets that we set at the start of the financial year. With our expanded capacities in cement production coming on stream, we have bucked the industry trend and reported phenomenal growth of nearly 62 per cent on a year-on-year basis in our cement dispatches, including clinker sale in the first quarter of the current financial year.”
Its engineering and construction business grew around 36.7 per cent to Rs 1,480.15 crore, compared to Rs 1,082.80 crore in the same period last year.