Sunday, May 4, 2008

Jaiprakash Associates strong quarterly numbers

Jaiprakash Associates reported 61.1% rise in net profit in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 287.30 and a low of Rs 272 so far during the day. The stock had a 52-week high of Rs 510 on 4 January 2008 and a 52-week low of Rs 113 on 11 May 2007.

The large-cap diversified firm has an equity capital of Rs 234.30 crore. Face value per share is Rs 2.

The current price of Rs 281.60 discounts its Q4 March 2008 annualised EPS of Rs 7.21, by a PE multiple of 39.05.

The net profit of Jaiprakash Associates rose 61.1% to Rs 211 crore on 42.9% rise in sales to Rs 1280 crore in Q4 March 2008 over Q4 March 2007.

Jaiprakash Associates, the flagship company of the Jaypee Group, is involved in construction of major engineering projects for the last four decades, including complex hydro power/river valley projects, and expressways. The company also has it presence in cement, hospitality and real estate business.

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