Jaiprakash Associates (JAIASS) - ICICI Direct

Segmental detailsExhibit 4: Segmental revenues break-up| crore Q3FY12 Q3FY11 Y-o-Y% M9FY12 M9FY11 Y-o-Y%Cement & cement products 1697.3 1237.4 37.2 4548.5 3887.3 17.0Construction 1242.1 1263.9 -1.7 4071.7 4272.1 -4.7Power 3.3 4.3 -23.5 31.3 27.5 13.8Hotel/Hospitality 60.4 54.9 10.0 140.8 129.3 8.9Real Estate 307.9 425.5 -27.6 856.5 1114.9 -23.2Investment 120.5 3.9 2989.0 181.9 11.2 1524.1Others 8.2 2.1 298.1 12.4 7.2 71.2Unallocated 15.6 32.8 -52.5 58.7 95.3 -38.5Total 3455.2 3024.8 14.2 9901.6 9544.9 3.7Less: Intersgmnt revenues 29.3 72.2 -59.4 104.1 299.4 -65.2Total Revenues 3425.9 2952.6 16.0 9797.5 9245.5 6.0Less: Other Income 167.9 58.8 185.4 329.8 185.0 78.3Net Revenues 3257.9 2893.7 12.6 9467.7 9060.6 4.5Source: Company, ICICIdirect.com ResearchExhibit 5: Segmental EBIT break-up| crore Q3FY12 Q3FY11 Y-o-Y% M9FY12 M9FY11 Y-o-Y%Cement & cement products 169.8 142.2 19.4 334.3 616.8 -45.8Construction 370.8 272.4 36.1 1182.4 708.2 67.0Power -1.7 0.2 -1260.0 16.4 15.2 8.0Hotel/Hospitality 9.2 9.3 -0.6 0.6 6.5 -91.1Real Estate 147.6 294.2 -49.8 420.0 583.1 -28.0Investment 120.5 2.9 4127.0 181.9 11.2 1524.1Others 0.8 -1.1 -8.3 -2.6Less: Unallocable Expenses -80.2 -25.8 -157.8 -95.5EBIT 736.6 694.2 6.1 1969.5 1842.9 6.9Source: Company, ICICIdirect.com ResearchExhibit 6: Segmental EBIT margin (%)(%) Q3FY12 Q3FY11 Y-o-Y(bps) M9FY12 M9FY11 Y-o-Y(bps)Cement & cement products 10.0 11.5 -149 7.3 15.9 -852Construction 29.8 21.6 829 29.0 16.6 1246Power -53.5 3.5 -5707 52.4 55.2 -284Hotel/Hospitality 15.3 16.9 -164 0.4 5.0Real Estate 47.9 69.1 -2119 49.0 52.3 -327EBIT Margin 22.6 24.0 -138 20.8 20.3 46Source: Company, ICICIdirect.com ResearchICICI Securities Ltd | Retail Equity Research Page 3