Jaiprakash Associates (JAL) reported revenues Rs 10,355 crore, up 68% for FY10. The net profit before extraordinaries came in at Rs 1,920.3 crore versus Rs 897 crore, YoY.
The company has met its guidance of Rs 10,000 crore revenues in a year. For FY11, it has given a guidance of Rs 16,000 crore in revenue.
Commenting on results, Manoj Gaur, Chairman of JP Associates said all segments have registered healthy growth. “The real estate revenues were up 48%.”
On the cement business, Gaur believed the company will be able to sell 20Mt of cement in FY11. “The cement turnover for FY11 is seen above Rs 9,000 crore,” he said.
Going forward, Gaur is confident of maintaining margins around 28%.