Skip to main content

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 ...

"Unfortunate...": Sharad Pawar's Grandnephew On Contesting Against Ajit Pawar

Despite familial ties, Yugendra Pawar, a candidate from the Sharad Pawar-led NCP, is set to contest the Maharashtra assembly elections against his uncle Ajit Pawar from Baramati.

Yugendra Pawar is the grandnephew of Sharad Pawar and will be making his political debut in the Maharashtra Assembly elections to be held on November 20.

Speaking to ANI, when asked about him contesting election against his own uncle who has won this seat seven times, he said, "I feel it is quite sad, quite unfortunate that this had to come in the family. Not in Vidhan Sabha but it started in Lok Sabha and we were always together and even the incumbent MLA was always under the guidance of the founder of the party and family patriarch Sharad Pawar Sahab. What happened all of India has seen. The party split and the symbol was given to them by the election commission."

Baramati will see another Pawar versus Pawar contest, after Supriya Sule, daughter of Sharad Pawar, defeated Sunetra Pawar, wife of Ajit Pawar, during the Lok Sabha polls earlier this year. Ajit Pawar had split the NCP in June 2023.

Yugendra Pawar added, "This was unfortunate but all of us in the family decided that we need to stay with Pawar Sahab because he is the founder of the NCP, he is the patriarch of the family and it is because of him that not only Baramati but everybody around also prospered."

Yugendra Pawar feels that the fight against his own uncle won't be tough but won't be easy either. He said, "I don't think it will be tough but I don't even think that it will be easy either. Initially, Pawar Sahab was supporting Ajit Pawar, we fondly call him Dada, but people of Baramati in large numbers are behind Pawar Sahab and that is what they showed in Lok Sabha. They will show this in the upcoming assembly as well as other elections also."

On his political debut from Baramati he said, "It is very satisfying, I am quite happy and I humbly accept the responsibility given to me by the party and respectable Pawar Sahab, State President Jayant Patil and as well as our Working President Supriya Tai Sule," he said.

In its first list, the Nationalist Congress party (Sharad Pawar faction) has fielded 12 sitting MLAs who remained loyal to Sharad Pawar when the party split last year. The party declared its first list of 45 candidates on Thursday. It has been allotted 85 seats in the seat-sharing arrangement among the three parties in the Maharashtra Vikas Aghadi (MVA) coalition.

The Baramati candidate emphasised various issues that need to be addressed in the region.

"There are lot of issues, there are a range of problems that need to be taken care of. Like crime has increased not only in Baramati but all of Maharashtra. Then there is also a local issue like the old people, we call them Gao Pudharis, these local netas or the sewaks have not been changed for quite some time. They have not been the way a lok pratinidhi should behave. That needs to change somewhere. We need someone who will be amongst them, somebody who will be with them, will be available, who can hear them out and that system has not only been there in Baramati for quite a long time that needs to change," Yugendra Pawar said. 

"Unemployment is a very big issue in Baramati as well as in Maharashtra. Also, water is a major problem in Baramati. Today, even though the monsoon is going on, there are close to 25 to 30 villages that still do not have drinking water. This is a drought-prone area. Pawar sahab brought water to the region around 35 to 40 years ago but after that not a single irrigation scheme has been brought to Baramati because of which a lot of villages today also are still drought-prone. We have a river over here called the Nira, the water is so polluted that even though we have water we cannot spread it to where it is actually needed," he added.

Mr Pawar also spoke about the controversies going around the reservation system in the country.

"Reservation is something that was given to us by Dr Babasaheb Ambedkar and I feel like there are certain sections of society that still do need them. It will still be useful to them and our MP from Baramati Supriya Tai Sule has also spoken on this issue in Parliament and asked for reservation for certain sections so I personally also support her stand and our party's stand on this issue," he said.

Yugendra Pawar has been to all the villages in Baramati before contesting the election and plans to go around the area again after two days. "Pawar sahab is my mentor, my guide or 'margdarshak'. He always tells me that you should go amongst people, you should not only focus on big cities or the big villages but it's important to go to small 'wadis' or 'vastis'. When I go there people, tell me after Pawar Sahab nobody else has ever reached out to them. Being there, you get to see the constituency and the issues, the problems that people are facing. I like to be on the field and not sitting on a desk or (in front of a) computer," he said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



from NDTV News- Special https://ift.tt/TEKmj91

Comments

Popular posts from this blog

Q1 Results Updates: Waaree Renewables Profit Up 34%; NTPC Green Profit Rises 38%

Q1 Results Today Live Updates: Hello and welcome to NDTV Profit's live coverage of Q1 earnings on July 22, 2026! Stay tuned to our live blog as we bring you all major updates on April-June quarter earnings for the current fiscal (Q1FY27) and company announcements throughout the day. Several majors such as Adani Green, BPCL, IndusInd Bank, Dr Reddy's, JSW Energy, Nestlé India and others are in focus today as the companies will reveal their Q1 scorecards. At least 60+ companies are scheduled to report their earnings on Tuesday. Following the results, companies will hold earnings calls with investors and analysts to discuss their performance and future plans. Watch this space for all the action from India Inc earnings reports. Stay tuned to NDTV Profit for all back-to-back live updates of Q1 Results and company announcements on Wednesday, July 22, 2026. from NDTV News- Special https://ift.tt/vYQNVDx

युवाओं ने निकाली कौमी एकता रैली, डेंगू मुक्त भिलाई बनाने का लिया संकल्प

छत्तीसगढ़ के दुर्ग जिले के वैशालीनगर विधान सभा क्षेत्र में स्वतंत्रता दिवस के उपलक्ष्य में कौमी एकता रैली का आयोजन किया गया. from Latest News छत्तीसगढ़ News18 हिंदी https://ift.tt/2wbsTPZ

Trump Administration Launches App To Allow Immigrants In US To "Self Deport"

The Trump administration rolled out a new app on Monday that will allow immigrants in the United States illegally to "self deport" rather than face possible arrest and detention, building on President Donald Trump's deportation push. The US Customs and Border Protection app, called CBP Home, will offer an option for someone to signal their "intent to depart," the agency said. "The CBP Home app gives aliens the option to leave now and self-deport, so they may still have the opportunity to return legally in the future and live the American dream," Homeland Security Secretary Kristi Noem said in a statement. "If they don't, we will find them, we will deport them, and they will never return." Trump, a Republican, has vowed to deport record numbers of migrants in the US illegally. Trump's initial deportation numbers lagged the monthly average in fiscal year 2024 under Democrat Joe Biden, although Biden's deportations included many r...