Jaiprakash Power Ventures has reported unaudited results for the first quarter ended June 30, 2011.
The company’s net profit for the quarter ended June 30, 2011 surged by 80.91% at Rs 69.56 crore as compared to Rs 38.45 crore for the corresponding quarter last year. Its total income increased 36.61% at Rs 283.98 crore for the quarter under review from Rs 207.88 crore for the same quarter last year.
The above results under review are in respect of 300 MW Baspa II H.E. Project, 400 MW Vishnuprayag H.E. Project and 1000 MW Karcham Wangtoo H.E. Project. The corresponding figures in the previous year are only for 300 MW Baspa H.E. Project and 400 MW Vishnuprayag H.E. Project and hence not comparable.
