Jaiprakash Power profit rises to ₹588.79 crore, as reported in the Q4 quarter
Upstox
1 min read • Updated: April 29, 2024, 4:15 PM
Summary
Jaiprakash Power Ventures Ltd. (JP Power) showed an improvement with respect to higher revenue, which rose to ₹1,863.63 crore compared to ₹1,385.41 crore a year ago. This positive trend extends to the full fiscal year, with JP Power's net profit reaching ₹1,021.95 crore in 2023-24, a significant increase from ₹55.42 crore in the previous year.
Jaiprakash Power Ventures Ltd has posted a consolidated net profit of ₹588.79 crore in the March quarter on the back of higher revenues. The company had reported a consolidated net loss of ₹43.99 crore in the quarter ended on March 31, 2023, a regulatory filing said.
During the quarter under review, total income rose to ₹1,863.63 crore from ₹1,385.41 crore in the same period a year ago. Its consolidated net profit in the fiscal year 2023-24 increased to ₹1,021.95 crore as against ₹55.42 crore in 2022-23. Total income also grew to ₹7,151.29 crore in the fiscal compared to ₹5,922.15 crore a year ago.
About Jaiprakash Power Ventures Limited:
Headquartered in Noida, Uttar Pradesh, Jaiprakash Power Ventures Ltd is an Indian power company established in 1994. They participate in the entire lifecycle of power projects, including planning, development, implementation, and operation. JPPVL generates electricity from both hydropower and coal-fired thermal power plants. Their current operational plants include:
- Vishnuprayag Hydroelectric Project (Uttarakhand)
- Bina Thermal Power Project (Madhya Pradesh)
- Nigrie Thermal Power Plant (Madhya Pradesh)
Shares of JP Power closed 4.97% higher at ₹19 on NSE on 29 April, 2024.