Jaiprakash Associates posts Q4 loss of Rs 79 crore
Crisis-hit Jaiprakash Associates Ltd (JAL) has reported a standalone net loss of Rs 78.70 crore for the fourth quarter of 2017-18 against a loss of Rs 1,882.40 crore in the same quarter of previous fiscal. The company in a regulatory filing noted that financial results for the last quarter and for full 2017-18 fiscal were not comparable with the year-ago period as it sold major part of its cement business to Birla group firm UltraTech Cement. JAL posted a standalone net income of Rs 1,674.2 crore for the January-March quarter of 2017-18 as against Rs 1,834.11 crore in the year-ago period, according to the filing.
Tags : News/Views