Mumbai: Infrastructure firm Jaiprakash Associates on Tuesday announced a net profit of Rs203.13 crore for the second quarter ended 30 September, a 96.03% growth over the corresponding period a year-ago.
The company had a net profit of Rs103.62 crore in the second quarter of FY’08, Jaiprakash Associates said in a filing to the Bombay Stock Exchange.
Jaiprakash Associates also declared the first interim dividend of 30 paise. The company would also raise about Rs1,800 crore through right issue to meets its fund requirements.
The total income rose to Rs1,286.63 crore in the quarter under review, from Rs922.20 crore in the same period last year.
For six months ending 30 September, the company reported a net profit of Rs330.39 crore, a 35.70% rise over the year ago-period.
The company had a net profit of Rs243.46 crore in the corresponding period last fiscal.
The total income of the company increased to Rs2,472.76 crore in the six-month period, from Rs1,926.79 crore.
Shares of Jaiprakash Associates were trading at Rs77.05, up 13.81% in the morning trade on the BSE.