Jaiprakash Power Ventures Ltd has announced the financial results for the quarter ended December 31st 2011.

The Company has posted a net profit of INR 595.20 million for the quarter ended December 31st 2011 as compared to INR 227.70 million for the quarter ended December 31st 2010. The company’s total Income has increased from INR 4177.00 million for the quarter ended December 31st 2010 to INR 1813.00 million for the quarter ended December 31st 2011.

The above results under review are in respect of 300 MW Jaypee Baspa II HE Plant, 400 MW Jaypee Vishnuprayag HE Plant and 1000 MW Jaypee Karcham Wangtoo HE Plant. The corresponding figures of the quarter/nine months period in the previous year are only for 300 MW Jaypee Baspa HE Plant and 400 MW Jaypee Vishnuprayag HE Plant and hence not comparable. Previous year / period figures have been regrouped / reclassified wherever necessary and are on standalone basis.

(Sourced from Equity Bulls)