Jaiprakash Power Ventures Ltd. reported fourth-quarter stand-alone net loss of Rs.122.26 crore or Re.0.44 per share, compared with a net loss of Rs.6.78 crore or Re.0.02 per share for the quarter ended March 31 last year.
Quarterly net income from operations rose by 26 percent to Rs.369.10 crore from the Rs.292.88 crore in Q4FY12. Income from sale of verified emission reduction (VERs) was Rs.5.33 crore, compared with Rs.0.89 crore in the year-ago quarter.
The company's fiscal year stand-alone net profit decreased by 18 percent to Rs.329.15 crore from the Rs.402.95 crore in 2012. Total income, along with other operating income, stood at Rs.2,252.58 crore, up by 39 percent from the Rs.1,615.56 crore last year.
On a consolidated basis, its net profit for the year declined by 12 percent to Rs.351.21 crore from the Rs.400.73 crore a year-ago. Total income, including other operating income, amounted to stood at Rs.2,458.63 crore, crore, up by 52 percent from the Rs.1,615.56 crore last year.
At the BSE, Jaiprakash Power Ventures shares are currently trading at Rs.26.40, unchanged from the previous close.
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