Jaiprakash Power posts Rs 64.94 cr net profit in Q1

Jaiprakash Power Ventures Ltd (JPVL) today reported Rs 64.94 crore standalone net profit for the quarter ended on June 30.
It had posted net profit of Rs 69.15 crore in the April- June period of last fiscal, JPVL said in a BSE filing.
Total standalone income of the company stood at Rs 1,209.37 crore in April-June quarter of this fiscal against Rs 787.02 crore in the same quarter of 2014-15.
The results under review are of 300 MW Jaypee Baspa II Hydro Electric (HE) Plant, 400 MW Jaypee Vishnuprayag HE Plant, 1091 MW Jaypee Karcham Wangtoo HE Plant, 500 MW Jaypee Bina Thermal Power Plant, 1320 MW Jaypee Nigrie Super Thermal Power Project and Jaypee Nigrie Cement Grinding unit which commenced operations from June 03, 2015, it said.

"Hence the figures of the current quarter are not comparable with figures of the corresponding quarter in the previous year. Previous quarter/period figures have been regrouped/reclassified wherever necessary," the filing added.
JPVL stock closed at Rs 8.04, up 19.64 per cent, on the BSE.