Jaiprakash net down 36% at Rs 244 cr

Higher expenses and interest outgo pulled down the net profit of infrastructure company Jaiprakash Associates by 36 per cent in the fourth quarter of financial year 2010.

The company posted a net profit of Rs 243.97 crore in the Q4 of FY 2010 as compared to Rs 385.32 crore in the corresponding quarter of the previous financial year.

However, Jaiprakash posted a 53 per cent jump in its total income at Rs 3358.38 crore in the March quarter of FY 2010 as compared to Rs 2194.57 crore in the Q4 of FY 2009.

The company’s full year profit went up by 166 per cent at  Rs 1119.1 crore for FY 2010 as compared  to a net profit of Rs 420.25 crore it posted in the previous financial year.