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Jaiprakash Power logs Rs 4 cr profit

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NEW DELHI: Jaypee Group subsidiary Jaiprakash Power Ventures (JPVL) on Sunday announced a turnaround in performance in the first quarter ending in June to record a net profit of Rs 4 crore on standalone basis.

The company said it had recorded a loss of about Rs 19 crore in the corresponding quarter a year ago.  JPVL’s revenue during the quarter under review increased 7.3 per cent to Rs 1,090.13 crore, as against Rs 1,016.13 crore in the year-ago period.