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Jaiprakash Power Ventures reports net loss of Rs 122.26 crore in Q4

29 Apr 2013 Evaluate

Jaiprakash Power Ventures has reported results for fourth quarter ended March 31, 2013

The company has reported net loss of Rs 122.26 crore for the quarter ended March 31, 2013, against net loss of Rs 6.78 crore for the corresponding period last fiscal. However, total income has increased by 22.68% at Rs 384.95 crore for quarter under review as compared to Rs 313.78 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has posted a fall of 18.31% in its net profit at Rs 329.15 crore as compared to Rs 402.95 crore for the same period in the previous year. However, total income has increased by 35.85% at Rs 2290.80 crore for year under review as compared to Rs 1686.30 crore for the period ended March 31, 2012.

For the year ended March 31, 2013, on consolidated basis, the company has posted a fall of 12.36% in its net profit at Rs 351.21 crore as compared to Rs 400.73 crore for the same period in the previous year. However, total income increased by 48.08% at Rs 2497.02 crore for year under review as compared to Rs 1686.30 crore for the period ended March 31, 2012.

The results under review are in respect of 300 MW Jaypee Baspa II H.E. Plant , 400 MW Jaypee Vishnuprayag H.E. Plant, 1000 MW Jaypee Karcham Wangtoo H.E. Plant and Unit 1 of 2 X 250 = 500 MW Jaypee Bina Thermal Power Plant. The Jaypee Bina Thermal Power Plant had commenced commercial operation of its first unit of 250 MW on August 31, 2012; therefore the results of the current quarter / year are not comparable with the figures of corresponding quarter / year of previous year. Previous year's/ period's figures have been regrouped/ reclassified wherever necessary.

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