Jaiprakash Associates has reported results for third quarter ended December 31, 2013.
The company has reported a net loss of Rs 88.71 crore for the quarter as compared to net profit of Rs 110.93 crore for the same quarter in the previous year. Total income of the company has decreased by 9.50% at Rs 3181.81 crore for quarter under review as compared to Rs 3516.02 crore for the quarter ended December 31, 2012.
Jaiprakash Associates, in last year, divested its cement units in Gujarat and Andhra Pradesh into a separate company, Jaypee Cement, in order to monetize a part of its investments to help the parent company reduce its debt. Jaypee group’s cement division currently operates modern, computerized process control cement plants with an aggregate capacity of 21.3 MTPA.
The company has reported a net loss of Rs 88.71 crore for the quarter as compared to net profit of Rs 110.93 crore for the same quarter in the previous year. Total income of the company has decreased by 9.50% at Rs 3181.81 crore for quarter under review as compared to Rs 3516.02 crore for the quarter ended December 31, 2012.
Jaiprakash Associates, in last year, divested its cement units in Gujarat and Andhra Pradesh into a separate company, Jaypee Cement, in order to monetize a part of its investments to help the parent company reduce its debt. Jaypee group’s cement division currently operates modern, computerized process control cement plants with an aggregate capacity of 21.3 MTPA.
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