Jaiprakash Associates slips after weak Q4 outcome

The result was announced on Saturday, 4 May 2013.

Meanwhile, the BSE Sensex was up 16.70 points, or 0.09%, to 19,592.34.

On BSE, 2.45 lakh shares were traded in the counter as against an average daily volume of 20.79 lakh shares in the past one quarter.

The stock hit a high of Rs 74.45 and a low of Rs 73.20 so far during the day. The stock had hit a 52-week high of Rs 106.75 on 12 December 2012. The stock had hit a 52-week low of Rs 58.05 on 24 May 2012.

The stock had outperformed the market over the past one month till 3 May 2013, rising 10.18% compared with the Sensex's 4.12% rise. The scrip had, however, underperformed the market in past one quarter, sliding 9.72% as against Sensex's 1.04% fall.

The large-cap company has an equity capital of Rs 443.81 crore. Face value per share is Rs 2.

Jaiprakash Associates' net profit fell 51.16% to Rs 501.28 crore on 3% growth in total income to Rs 13512.08 crore in the year ended March 2013 over the year March 2012.

On a consolidated basis, net profit fell 27.04% to Rs 461.79 crore on 26.51% rise in total income to Rs 19128.67 crore in the year ended March 2013 over the year ended March 2012.

The board of Jaiprakash Associates recommended a final dividend of Rs 0.50 per equity share for the year ended March 2013.

Jaiprakash Associates is a diversified company with business interest in construction, power, cement, real estate and hospitality.

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