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

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NEW DELHI: Diversified group Jaiprakash Associates Ltd on Thursday reported a consolidated net loss of Rs 332.68 crore for the 1 / 4 ended June, on low income amid the COVID-19 outbreak.

Its net loss got stood at Rs 574.62 crore in the year-ago quarter.

Total income declined to Rs 1,140.99 crore for the initial quarter of the current financial year, from Rs 1,778.91 crore last year.

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

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