Jaiprakash Associates Net Loss Widens to Rs 1,023 Cr in Q1

Aug 14, 2024 20:24

Jaiprakash Associates reports a widened net loss of Rs 1,023.44 crore in Q1 FY24, compared to Rs 180.80 crore in the same period last year. The company's total income increased to Rs 1,770.66 crore.

New Delhi, Aug 14 (PTI) Debt-ridden Jaiprakash Associates' consolidated net loss has widened to Rs 1,023.44 crore in the first quarter of this fiscal.

Its net loss stood at Rs 180.80 crore in the year-ago period.

The total income rose to Rs 1,770.66 crore in April-June this fiscal from Rs 1,505.23 crore in the corresponding period of the previous year, according to a regulatory filing.

Jaiprakash Associates is into cement, construction, power and real estate businesses.

The company is currently facing insolvency proceedings.

Source: PTI

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Jaiprakash Associates Net Loss Widens to Rs 1,023 Cr in Q1

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