Jaiprakash Power Posts Profit of Rs 65 Cr in Q1

New Delhi: Jaiprakash Power Ventures Ltd (JPVL) on Thursday reported a standalone net profit of Rs 64.94 crore for the quarter ended June 2015.

The company had registered a net profit of Rs 69.15 crore for the corresponding period a year ago, it said in a filing to the BSE.

Total standalone income of the company stood at Rs 1,209.37 crore in the quarter ended June 2015 as against Rs 787.02 crore in the quarter ended June 2014.

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. 

Shares in JPVL, on Thursday, ended nearly 20 per cent higher at Rs 8.04 apiece on the BSE.