Jaypee Infratech drops after weak Q4 outcome

The company announced the results on Saturday, 27 April 2013.

Meanwhile, the S&P BSE Sensex was up 62.12 points or 0.32% at 19,348.84.

On BSE, 32,000 shares were traded in the counter as against average daily volume of 78,044 shares in the past one quarter.

The stock hit a high of Rs 38.20 and a low of Rs 37.20 so far during the day. The stock had hit a 52-week low of Rs 34.95 on 22 March 2013. The stock had hit a 52-week high of Rs 61.50 on 11 July 2012.

The stock had underperformed the market over the past one month till 26 April 2013, rising 2.41% compared with the Sensex's 3.11% gain. The scrip had also underperformed the market in past one quarter, sliding 23.29% as against Sensex's 4.06% fall.

The mid-cap company has equity capital of Rs 1388.93 crore. Face value per share is Rs 10.

Jaypee Infratech's net profit declined 46.2% to Rs 694.46 crore on 3.8% growth in net sales to Rs 3274.34 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).

Jaypee Infratech's board of directors at a meeting held on Saturday, 27 April 2013, recommended dividend of Re 1 per share for FY 2013.

Jaypee Infratech has only one segment i.e. the Yamuna expressway project in Uttar Pradesh, connecting Noida and Agra, which includes construction, operation and maintenance of the Yamuna expressway and rights for land development of 25 million square meters along the expressway. The Yamuna expressway project was commissioned on 7 August 2012 and opened to public from 9 August 2012.

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