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JP Asso Q2 PAT up 329% at Rs 870 cr, okays 1:2 bonus issue

Jaiprakash Associates has declared second quarter results. The company’s Q2 net sales were up 54% at Rs 1,824.3 crore versus Rs 1,182.6 crore, YoY.
The company’s net profit was up 328.57% at Rs 870.2 crore versus Rs 203.1 crore, YoY.

The board of directors has declared interim dividend of 27% (Re 0.54 per equity share of Rs 2/-) for the year 2009-10.It has decided, subject to the approval of shareholders, to issue one bonus equity share of Rs 2/- for every two equity shares of Rs 2/- each held in the company on the record date to be fixed in due course.

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