Jaiprakash Associates Ltd (JAL), the leading infrastructure conglomerate having business interest in the area of engineering and construction, cement, power, expressways and associated real estate and hospitality, has announced a net profit for FY10 on higher revenue. Total revenue stood at Rs 10316.04 crore; up 72.52% from Rs 5979.52 crore in the same period last fiscal.
EBIDTA stood at Rs 2891.44 crore up 40.36% from Rs 2059.91 crore, the net profit (after extraordinary items) for FY10 stood at Rs 1708.36 crore registering a growth of 90.45% from Rs 897.01 crore in FY09. EBIDTA margins for FY10 stood at 28.66% and net profit margins at 16.93%. On per-share basis, earnings (after extraordinary items) for the year were Rs 8.08, up 87.47% from the Rs 4.31 in the previous year.
?We are extremely delighted to announce that our company for the very first time has crossed Rs 10,000 crore as its turnover and with the overall performance of all the businesses of the group, the roadmap that we have laid at the start of the fiscal has helped us achieve an all round growth across all sectors. JAL has an established track record as the leading infrastructure company with clear competitive advantage and immense growth potential in Indian infrastructure and core sector. The group is fully geared up with the avenues opened by the government of India in infrastructure, real estate and power sectors, ? Manoj Gaur, executive chairman, JAL, said.
The board recommended a final dividend of Re.0.54 per equity share of Rs 2/- each (i.e.27%) for the 2009-10 in addition to the interim Dividend of Re. 0.54 per equity share of Rs 2 each (i.e. 27%) paid in November, 2010.