Jaypee Infratech Apr-Jun quarter net profit drops 43% at Rs 45cr

Jaypee Infratech Ltd today reported a 43% drop in standalone net profit at Rs 45.96 crore for the quarter ended June on the back of lower income.

The company's net profit in the corresponding quarter of the last fiscal was at Rs 81.01 crore, the company said in a filing to BSE.

The total income from operations of the company came down to Rs 705.64 crore, over Rs 769.20 crore in the same period of FY'14, the company said.

The total expenses of the company declined to Rs 439.49 crore, over Rs 442.60 crore in corresponding quarter of the last financial year, it said.