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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 ...

'Would Struggle To Make It To Karnataka Xl ': Ex-India Star Slams Shardul

Former Indian cricket team pacer Doda Ganesh launched a scathing attack on Shardul Thakur during the Cricket World Cup 2023 match against Bangladesh in Pune on Thursday. In the absence of Hardik Pandya due to injury, Shardul bowled 9 overs and ended up conceding 59 runs at an economy rate of 6.60. The all-rounder took the wicket of Towhid Hridoy but Ganesh was not impressed with what he provided for the side. The former India cricketer took to social media to say that on the basis on just bowling, Shardul would not even make the cut for Karnataka's playing XI in domestic cricket.

"With due respect to Shardul Thakur, on his bowling alone he would struggle to make it to Karnataka's playing Xl in any format, let alone India's," he posted on social media platform X (formerly Twitter).

Shardul did not play the first game of the Cricket World Cup 2023 against Australia but he replaced Ravichandran Ashwin for the second game and has played every match ever since.

Virat Kohli's unbeaten century sealed India's fourth win from four World Cup matches as the hosts defeated Bangladesh by seven wickets on Thursday with the star batsman closing in on Sachin Tendulkar's record for ODI hundreds.

Kohli reached his century and ended the match in style with a six against spinner Nasum Ahmed when he needed three runs to complete his century and India two more runs to reach a target of 257.

They got there with more than eight overs to spare, finishing on 261-3.

Kohli's 48th one-day international century left him just one shy of equalling India great Tendulkar's all-time record of 49 hundreds at this level.

Kohli faced 97 balls, including six fours and four sixes, with this century his third score in excess of fifty in four innings following contributions of 85 and 55 not out in recent pool wins over Australia and Afghanistan.

But for Bangladesh, a third defeat in four matches left them with an uphill struggle to qualify for the semi-finals.

(With AFP inputs)



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