Jaiprakash Associates 3Q results

Jaiprakash Associates 3Q results
Published: 12 January 2007

Jaiprakash Associates has released its 3Q earnings, reporting net profit at Rs 102 crore (Rs 1.02 billion) as against Rs 56 crore (Rs 560m) in the same quarter of earlier year.

Manoj Gaur, MD of the company says that the company has had revenue growth of 13% and 44% growth on an EBITDA basis.

He informs that their cement business has boosted Q3 performance. He also says that the company has capex of Rs 3,500 crore in the cement business.