Jaiprakash Power Ventures strengthens on reporting 30% jump in Q2 net profit

25 Oct 2012 Evaluate

Jaiprakash Power Ventures is currently trading at Rs. 39.70, up by 0.95 points or 2.45% from its previous closing of Rs. 38.75 on the BSE.

The scrip opened at Rs. 38.90 and has touched a high and low of Rs. 40.15 and Rs. 38.90 respectively. So far 203814 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.70 on 15-Feb-2012 and a 52 week low of Rs. 24.55 on 31-Aug-2012.

Last one week high and low of the scrip stood at Rs. 40.85 and Rs. 36.20 respectively. The current market cap of the company is Rs. 10407.16 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 5.71% and 19.29% respectively.

Jaiprakash Power Ventures has reported results for second quarter ended September 30, 2012. 

The company has reported a rise of 30.42% in its net profit at Rs 366.03 crore for the quarter ended September 30, 2012 as compared to Rs 280.65 crore for the same quarter in the previous year. The company’s net income has increased by 36.12% at Rs 913.06 crore for quarter under review as compared to Rs 670.84 crore for the quarter ended September 30, 2011.

The results under review are in respect of 300 MW Jaypee Baspa II H.E. Plant, 400 MW Jaypee Vishnuprayag H.E. Plant, 1000 MW Jaypee Karcham Wangtoo H.E. Plant and 250 MW Jaypee Bina Thermal Power Plant. The 1000 MW Jaypee Karcham Wangtoo H.E. Plant had commenced commercial operation of its Unit 3 and Unit 4 of 250 MW each on September 13, 2011 in the previous year and Jaypee Bina Thermal Power Plant had commenced commercial operation of its first unit of 250 MW on August 31, 2012 in the current quarter. Therefore the results of the current quarter are not comparable with the figures of corresponding quarter of previous year.

Jaiprakash Power Ventures is part of India’s leading Infrastructure conglomerate - Jaypee Group. Currently, the company operates the largest hydroelectric power plant in the private sector in India. Its power projects which are in different stages of implementation include Hydro, Thermal and Transmission.

JP Power Ventures Share Price

16.31 -0.01 (-0.06%)
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