Infrastructure firm Jaiprakash Associates today announced a net profit of Rs 203.13 crore for the second quarter ended September 30, a 96.03 per cent growth over the corresponding period a year-ago.
The company had a net profit of Rs 103.62 crore in the second quarter of FY08, Jaiprakash Associates said in a filing to the Bombay Stock Exchange.
Jaiprakash Associates also declared the first interim dividend of 30 paise. The company would also raise about Rs 1,800 crore through right issue to meets its fund requirements.
The total income rose to Rs 1,286.63 crore in the quarter under review, from Rs 922.20 crore in the same period last year.
For six months ending September 30, the company reported a net profit of Rs 330.39 crore, a 35.70 per cent rise over the year ago-period.
The company had a net profit of Rs 243.46 crore in the corresponding period last fiscal.
More From This Section
The total income of the company increased to Rs 2,472.76 crore in the six-month period, from Rs 1,926.79 crore.
Shares of Jaiprakash Associates were trading at Rs 77.05, up 13.81 per cent in the morning trade on the BSE.