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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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US Stocks Surge After Trump's 90-Day Pause On Tariffs For Most Nations

Wall Street stocks rocketed higher suddenly on Wednesday after US President Donald Trump announced a 90-day tariff pause on all countries except China.

Shortly after Trump announced his latest pivot on his Truth Social platform, the S&P 500 surged 6.0 percent higher to 5,281.44, snapping a brutal run of losses since Trump's "Liberation Day" tariff announcement a week ago.

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



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