Jai Corp Net profit falls by 56.52% to Rs 9.13 cr

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Jai Corp Limited has announced its unaudited results for the quarter ended June 30, 2009.

The company has posted a net profit of Rs 9.13 crore for the quarter ended June 30, 2009 against Rs 21 crore for the quarter ended June 30, 2008, down 56.52%. Total income has decreased from Rs 121.46 crore to Rs 113 crore, registering a negative growth of 6.97% on Year-on-Year (YoY) basis.

It is a company controlled by Mr. Anand Jain a close associate of Mukesh Ambani. Oho! that’s why no fundamentals nothing, we can just drive the price to crazy heights who will question or investigate us ?

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