Jaiprakash Power Ventures declines on reporting loss of Rs 97.58 crore in Q3

14 Jan 2013 Evaluate

Jaiprakash Power Ventures is currently trading at Rs. 38.40, down by 1.85 points or 4.60% from its previous closing of Rs. 40.25 on the BSE.

The scrip opened at Rs. 40.30 and has touched a high and low of Rs. 40.30 and Rs. 36.30 respectively. So far 489342 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. 40.95 and Rs. 36.30 respectively. The current market cap of the company is Rs. 10079.07 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 third quarter ended December 31, 2012.

The company has reported a net loss of Rs 97.58 crore for the quarter ended December 31, 2012 as compared to a net profit of Rs 59.52 crore for the same quarter in the previous year. However, total income of the company has increased by 4.93% at Rs 438.31 crore for quarter under review as compared to Rs 417.70 crore for the quarter ended December 31, 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 Unit 1 of 2 X 250 = 500 MW Jaypee Bina Thermal Power Plant. The Jaypee Bina Thermal Power Plant had commenced commercial operation of its first unit of 250 MW on August 31, 2012, 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

18.95 -0.91 (-4.58%)
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