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Jaiprakash Power Q2 Results: Net Profit Slips 81% To Rs 33 Crore On One-Time Loss

Jaiprakash Power Ventures' second quarter revenue rose 5.1% year-on-year, while profit before exceptional items and tax climbed nearly 79%. A Rs 511 crore provision for a settlement with NARCL weighed on earnings this quarter. JP Power Ventures's consolidated net profit fell 81.7% year-on-year to Rs 33.34 crore in the quarter ended Sept 30, compared with Rs 182 crore in the year-ago period. The decline followed a Rs 511 crore exceptional charge towards a proposed full-and-final settlement with the National Asset Reconstruction Company Ltd. (NARCL) over a corporate guarantee furnished by the company for loans to Jaiprakash Associates. Net profit fell 81.7% to Rs 33.3 crore as compared to Rs 182 crore the previous year in the same period. Revenue from operations increased 5.1% year-on-year to Rs 1,512.12 crore from Rs 1,438.30 crore. Total income rose to Rs 1,579.34 crore from Rs 1,478.49 crore. The company's September-quarter earnings therefore reflect the impact of ...
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Durg News: दर्दनाक सड़क हादसे में 3 लोगों की मौत, Police ने Durg आ रही Bus को किया जब्त |Latest News

Durg से बड़ी खबर है. Bus और Bike में जबरदस्त टक्कर हो गई. हादसे मं बाइक सवार 3 लोगों की मौत हो गई है. Durg की ओर आ रही Bus को Police ने जब्त कर लिया है.

from Latest News मध्य प्रदेश News18 हिंदी https://ift.tt/ESHGhp1
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