Jaiprakash Power scrip falls 5 per cent on weak Q3 earnings
Mumbai: Shares of Jaiprakash Power Ventures today fell by 5 per cent after the company registered a loss of Rs. 97.58 crore in the third quarter ended December 31.
After falling nearly 10 per cent during the day, the scrip finally ended at Rs. 38.35, down 4.72 per cent on Bombay Stock Exchange (BSE).
At National Stock Exchange (NSE), the stock closed at Rs. 38.20, 5.09 per cent lower from the previous close.
In a regulatory filing to the BSE, the company said it has registered a loss of Rs. 97.58 crore in the third quarter ended December 31, 2012. The company had posted a net profit of Rs. 59.52 crore in the same period last fiscal year.
Meanwhile, the company's income from operations grew 8.59 per cent from Rs. 367.59 crore in December 31, 2011 to Rs. 399.17 crore in December 31, 2012.
Jaiprakash Power Ventures is an arm of the Jaypee Group which has interests in civil engineering & construction, cement, power, real estate, expressways, and hospitality.
The dip in the stock was in contrast with an overall strong stock market where the BSE benchmark Sensex closed the day at 19,906.41, up 242.77 points.
After falling nearly 10 per cent during the day, the scrip finally ended at Rs. 38.35, down 4.72 per cent on Bombay Stock Exchange (BSE).
At National Stock Exchange (NSE), the stock closed at Rs. 38.20, 5.09 per cent lower from the previous close.
In a regulatory filing to the BSE, the company said it has registered a loss of Rs. 97.58 crore in the third quarter ended December 31, 2012. The company had posted a net profit of Rs. 59.52 crore in the same period last fiscal year.
Meanwhile, the company's income from operations grew 8.59 per cent from Rs. 367.59 crore in December 31, 2011 to Rs. 399.17 crore in December 31, 2012.
Jaiprakash Power Ventures is an arm of the Jaypee Group which has interests in civil engineering & construction, cement, power, real estate, expressways, and hospitality.
The dip in the stock was in contrast with an overall strong stock market where the BSE benchmark Sensex closed the day at 19,906.41, up 242.77 points.
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