Jaiprakash Power Ventures Ltd News
Jaiprakash Power Ventures Q3 results: Net profit falls 26.7% to Rs 126 cr
Jaiprakash Power Ventures on Saturday reported a 26.7 per cent decline in its consolidated net profit to Rs 126.68 crore in the December quarter compared to a year ago due to lower revenues. The company had a net profit of Rs 172.85 crore in the third quarter ended on December 31, 2023, according to a regulatory filing. Total income declined to Rs 1,256.63 crore in the October-December quarter against Rs 2,213.68 crore in the year-ago period.
 "Jaiprakash Power Ventures Q3 results: Net profit falls 26.7% to Rs 126 cr")
Sebi fines Jaiprakash Power for misrepresenting co's financial statements
Markets regulator Sebi on Friday imposed a penalty totalling Rs 54 lakh on Jaiprakash Power Ventures, its MD and CEO Suren Jain and other top officials for misrepresenting the company's financial statements. Others who have been penalised by Sebi are company's chairperson Manoj Gaur, executive directors -- Sunil Kumar Sharma and Praveen Kumar Singh -- chief financial officer R K Porwal and former whole-time member M K V Rama Rao. They have been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its 89-page order. This came after the regulator conducted an investigation in the matter of Jaiprakash Power Ventures Ltd (JPVL), a part of the Jaypee Group of companies, to ascertain the possible violations of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) and LODR (Listing Obligations and Disclosure Requirements) rules. In its probe, Sebi found that the company overstated its books of accounts by not adopting the correct ...
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