Jaiprakash Associates’ Q3 FY09 net sales stood at Rs 1,380.6 crore as against Rs 942.88 crore in the same period last year. The company’s net profit came in at Rs 165.51 crore as compared to Rs 155.8 crore.
Commenting on the company’s numbers, Manoj Gaur, Executive Chairman, Jaiprakash Associates, said the drag in cement business is on account of high coal and fuel prices, and personnel expenses. "Engineering and construction numbers are better than estimates helped by the Yamuna Express Highway."
He expects the 4Mt plant to be commissioned in the next 2-3 months. "We will consider a merger of JP Power Venture, and JP Hydro at some stage."