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Jaiprakash Power Ventures’ FY11 net profit dips 35%

12 Aug 2011 Evaluate

Jaiprakash Power Ventures has reported results for the year ended March 31, 2011.

The company has registered a fall of 34.36% in its net profit for the current year 2011 at Rs 165.11 crore as compared to Rs 251.55 crore for the previous year. Its total income has increased by 17.13% at Rs 840.74 crore for the year under review from Rs 717.79 crore in previous year.

On consolidated basis, the group’s net profit for the year has declined 33.09% at Rs 161.77 crore as compared to Rs 241.79 crore for the previous year. Total income for the year under review has rose 17.13% at 840.74 crore as compared to Rs 717.79 crore for the previous 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. Previous year figures have been regrouped / reclassified wherever necessary.

JP Power Ventures Share Price

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