New Delhi: Infrastructure major Jaiprakash Associates reported a 166 per cent jump in consolidated net profit to Rs 1,119.18 crore for the financial year ended March 31,2010.
The consolidated net profit of the company was Rs 420.25 crore in the previous financial year. Consolidated total income of infrastructure conglomerate rose to Rs 5,772.69 crore during financial year 2009-10 from Rs 4,989.3 crore oftheFY’09, it said in a statement.
The company has declared a final dividend of Re 0.54 per equity share of Rs 2 (27 per cent) for the 2009-10 in addition to the interim dividend of 27 per cent paid in November, 2010.
On a standalone basis, the company posted a net profit of Rs 1,708.36 crore for FY’10, higher by 90 per cent against Rs 897.01
crore of a year ago.
Standalone total income also rose to Rs 10316.04 crore in the just passed financial year from Rs 5979.52 crore of FY’09. “We are extremely delighted to announce that our company for the very first time has crossed Rs 10,000 crore as its turnover and with the overall performance of all the businesses of the group, the roadmap that we have laid at the start of the financial year has helped us achieve an all-round growth across all sectors,” JAL executive chairman Manoj Gaur said.
Jaiprakash Associates has business interest in the areas of engineering and construction, cement, power, expressways and associated real estate and hospitality.
“The performance in our real estate business is evident from the fact that in Jaypee Infratech we have been able to sell over 1.5-million sq ft of developed real estate between April-May 2010 in our integrated township at Noida,” Gaur added.
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