Jaiprakash Associates today reported an over two-fold rise in standalone net profit at Rs 334 crore for the first quarter ended June 30, 2013,m on the back of higher income from operations.
The company had clocked a net profit of Rs 138.8 crore in the same period last fiscal, the company said in a BSE filing.
The income from operations of the company for the reported period rose to Rs 3,314 crore, against Rs 3,008 crore in the year-ago period, the statement added.
The company's net sales stood at Rs 3,283 crore, up from Rs 2,963 crore in the corresponding period of last fiscal.
The Noida-based firm has presence in various sectors, including cement, construction, power and real estate.
Shares of the company were trading at Rs 40.20 apiece on the afternoon trade, down 3.71% from their previous close on the BSE in late afternoon trade.
