Published on 15/11/2017 11:49:10 AM | Source: Dion Global Solutions Ltd

Jaiprakash Associates posts Q2 net loss of Rs 186.48 cr

The company reported standalone net loss during the quarter stood at Rs 186.48 crore as compared to net loss of Rs 781.20 crore in the previous year quarter. Net revenue of the company declined substantially by 35.23 per cent at Rs 842.43 crore in July-September quarter of this fiscal as against Rs 1,300.61 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 42.97 per cent to Rs 803.28 crore from Rs 1,408.42 crore in year ago period. Other Income grew by 69.94 per cent at Rs 29.28 crore versus (Sep'16 Rs 17.23 crore). Operating Profit surged by 145.56 per cent to Rs 39.15 crore as against Rs -85.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 170.35 per cent in September quarter. Interest declined by 79.38 per cent y-o-y to Rs 181.33 crore