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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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At Anant Ambani's Engagement Party, Ranbir-Alia Lead Celeb Roll Call

Mukesh Ambani is hosting Anant Ambani and Radhika Merchant's engagement party at his house Antilia in Mumbai. Shah Rukh Khan, Ranbir Kapoor-Alia Bhatt, Janhvi Kapoor and Ayan Mukerji led the celeb roll call. Shah Rukh Khan arrived with his manager Pooja Dadlani, while Alia and Ranbir were pictured arriving with Ayan. Ranbir looked dashing in a black kurta pyjama set, while Alia looked beautiful in a greet suit. Janhvi Kapoor looked pretty in a pink saree. Check out the pictures below:  

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The newly engaged couple, Anant and Radhika, was also pictured arriving at their house. For the occasion, Anant opted for a maroon ensemble, while Radhika looked pretty in a peach suit set. 

Check out the pictures below: 

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Mukesh Ambani's younger son Anant Ambani today got engaged to his childhood friend Radhika Merchant (the daughter of industrialist Viren Merchant, CEO of a pharmaceutical manufacturing company). The couple had a traditional Roka ceremony at the Shrinathji Temple in Nathdwara, Rajasthan.

  



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