Jaiprakash Associates Q1 results: Posts net loss of Rs 333 crore

NEW DELHI: Diversified group Jaiprakash Associates Ltd on Wednesday reported a consolidated net loss of Rs 332.68 crore for the quarter ended June, on lower income amid the COVID-19 pandemic.Its net loss had stood at Rs 574.62 crore in the year-ago quarter.

Total income declined to Rs 1,140.99 crore for the first quarter of the current financial year, from Rs 1,778.91 crore a year ago.

Jaiprakash Associates is into cement, construction, power, hotels, healthcare, sports event and fertiliser businesses.

Source: ET Markets

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