Jaiprakash’s profit margins ‘may be little changed’

Jaiprakash’s profit margins ‘may be little changed’
Published: 25 March 2009

Jaiprakash Associates Ltd profit margin may be little changed this year, Chairman Manoj Gaur said, as electricity and construction costs increase at India’s biggest dam builder.

Margins on profit before interest, tax, depreciation and amortization will “at least match last year’s,” Gaur said. Sales for the year ending March 31 may climb 34 per cent as public works spending revives local cement demand, he said.