Jaiprakash Associates Ltd. reported fourth-quarter stand-alone net profit of Rs.123.50 crore, down from the Rs.283.81 crore for the quarter ended March 31 last year. Total income fell to Rs.3,932.07 crore from the Rs.4,093.88 crore in the corresponding quarter of the preceding year.
Its board recommended a final dividend of Re.0.50 per equity share of Rs.2 each for the fiscal year 2013.
At the BSE, Jaiprakash Associates shares are currently trading at Rs.73.85, down 1.80 percent from the previous close.
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