Jaiprakash Power Ventures (PPOWER) Q3 24/25 earnings summary

Executive summary

• Consolidated revenue from operations for the quarter ended 31 Dec 2024 was ₹1,14,017 lakhs, with total income at ₹1,25,635 lakhs, and net profit after tax at ₹12,668 lakhs, reflecting stable performance year-over-year.

• Segment-wise, power remains the dominant contributor, with sand mining and coal also providing significant revenue.

• The company faces ongoing legal and regulatory challenges, including corporate guarantees, sand mining disputes, and SEBI penalties.

Financial highlights

• For the quarter ended 31 Dec 2024, consolidated net profit after tax was ₹12,668 lakhs, compared to ₹17,285 lakhs in the same quarter last year.

• Total comprehensive income for the quarter was ₹12,672 lakhs.

• Earnings per share (basic and diluted) for the quarter stood at ₹0.14.

• For the nine months ended 31 Dec 2024, net profit after tax was ₹65,788 lakhs, up from ₹43,316 lakhs year-over-year.

Outlook and guidance

• Management expects continued strong performance in the power segment, with seasonal variations in hydroelectric output.

• Revenue recognition for key plants is provisional and subject to regulatory true-up.