Jaiprakash Power Ventures posts Rs 588.79 cr profit in March quarter

The company had reported a consolidated net loss of Rs 43.99 crore in the quarter ended on March 31, 2023, a regulatory filing said.

Jaiprakash Power Ventures posts Rs 588.79 cr profit in March quarter
Representative image. Source: company website

Jaiprakash Power Ventures Ltd has posted a consolidated net profit of Rs 588.79 crore in the March quarter on the back of higher revenues.

The company had reported a consolidated net loss of Rs 43.99 crore in the quarter ended on March 31, 2023, a regulatory filing said.

During the quarter under review, total income rose to Rs 1,863.63 crore from Rs 1,385.41 crore in the same period a year ago.

Its consolidated net profit in the fiscal year 2023-24 increased to Rs 1,021.95 crore as against Rs 55.42 crore in 2022-23.

Total income also grew to Rs 7,151.29 crore in the fiscal compared to Rs 5,922.15 crore a year ago.

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Written By: PTI
Updated: Mon, Apr 29, 2024
04:36 PM IST
Mumbai, PTI
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