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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 ...

Video: Elephant Attacks Another Elephant At Temple Event, Many Injured

A video of an elephant going berserk and attacking another elephant at the Tharakkal temple festival in Kerala has emerged on social media. The incident happened around 10.30 pm on Friday when the elephant, Guruvayur Ravikrishnan, carrying the 'Ammathiruvady' deity, lost control and attacked the other elephant, Puthupally Arjunan.

 The video shows the elephant charging at another elephant, Puthupally Arjunan, carrying the 'Arattupuzha' deity, and chasing it for almost one kilometre. The elephant's mahout Sreekumar narrowly escaped after the elephant made three attempts to attack him.

 The incident caused panic among the devotees and many people attending the festival suffered injuries. People carried by the elephants sustained injuries too and those seated atop the elephants tried to escape but fell and got hurt.

 Both the elephants could be seen charging and chasing each other in the viral video. Both the elephants were later brought under control by the elephant squad, reported local news outlet Mathrubhumi.

The incident comes at a time when the issue of human-animal conflicts continues to haunt Kerala. Nine people have been reported killed in Kerala due to attacks by wild animals.

Recently, a 62-year-old woman was attacked and killed by a wild elephant in a forest area near Athirappally. In February, a 42-year-old man died after being attacked by a wild elephant that strayed into a human settlement near Mananthavad. 



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