Jaiprakash Power Ventures has posted a net profit of INR 695.6 million for the quarter ended June 30th 2011 as compared to INR 384.5 million for the quarter ended June 30th 2010, representing rise of 80.91%.

The company’s total income has increased from INR 2,078.8 million for the quarter ended June 30th 2010 to INR 2,839.8 million for the quarter ended June 30th 2011, representing increase of 36.61%.

The company in a statement said that “The above results under review are in respect of 300 MW Baspa II HE Project, 400 MW Vishnuprayag HE Project and 1000 MW Karcham Wangtoo HE Project. The corresponding figures in the previous year are only for 300 MW Baspa HE Project and 400 MW Vishnuprayag HE Project and hence not comparable. Previous year figures have been regrouped / reclassified wherever necessary.”

(Sourced from IRIS.com)