Shares of Jaiprakash Power Ventures Ltd jumped over 6%.
As of 10:08 am, the stock was trading 5.53% higher at ₹19.28 on the NSE, driven by high trading volumes and investor optimism.
JP Power Q2 FY25 Results –
The company reported a three-fold increase in its consolidated profit after tax (PAT) to ₹182.66 crore for the July-September quarter, significantly up from ₹68.66 crore in the same period last year. This improvement was largely due to a reduction in total expenses, which fell to ₹1,070.76 crore from ₹1,172.02 crore in the previous year. However, total income saw a slight dip, reaching ₹1,305.19 crore compared to ₹1,359.23 crore a year ago.
Jaiprakash Power Ventures Share Price History
| Day | Open | Close | Change % |
|---|---|---|---|
| Wed, Nov 6, 2024 | ₹18.09 | ₹18.27 | +1.73% |
| Tue, Nov 5, 2024 | ₹17.65 | ₹17.96 | +0.45% |
| Mon, Nov 4, 2024 | ₹18.50 | ₹17.88 | -3.19% |
| Fri, Nov 1, 2024 | ₹18.40 | ₹18.47 | +1.48% |
| Thu, Oct 31, 2024 | ₹18.54 | ₹18.20 | -1.25% |
| Wed, Oct 30, 2024 | ₹17.80 | ₹18.43 | +2.73% |
| Tue, Oct 29, 2024 | ₹18.02 | ₹17.94 | -0.39% |
| Mon, Oct 28, 2024 | ₹17.92 | ₹18.01 | +0.67% |
The recent share price movement reflects positive market sentiment following the company’s strong Q2 earnings. Investors are encouraged by the effective cost management, which helped drive the significant rise in profitability despite a marginal drop in revenue.
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