Jaypee Infratech Limited — Board Meeting, 16-12-2024: Outcome of Board Meeting

The Board has approved the audited financial results for the quarter and year ended March 31, 2024. Total revenue from operations stood at ₹95,199 crore, with a net loss after tax of ₹18,538 crore. The significant loss was impacted by the valuation of inventory relating to land parcels, which was accounted at an assured value in line with the approved resolution plan but does not comply with Ind AS 2 standards. With this outcome, the company’s overall financial position continues to reflect ongoing restructuring efforts following the completion of the Corporate Insolvency Resolution Process.