Jaiprakash Power Ventures lost 5.01% to Rs 12.13 at 9:16 IST on BSE after the company reported a net loss of Rs 153.05 crore in Q3 December 2013, higher than net loss of Rs 97.58 crore in Q3 December 2012.
The Q3 result was announced after market hours on Monday, 3 February 2014.
Meanwhile, the S&P BSE Sensex was down 224.55 points or 1.11% at 19,984.71.
On BSE, so far 75,000 shares were traded in the counter as against average daily volume of 9.07 lakh shares in the past two weeks.
The stock hit a high of Rs 12.45 and a low of Rs 12.05 so far during the day.
Jaiprakash Power Ventures' total income rose 17.22% to Rs 513.83 crore in Q3 December 2013 over Q3 December 2012.
Jaiprakash Power Ventures said that the results under review are in respect of 300 MW Jaypee Baspa II H.E. Plant, 400 MW Jaypee Vishnuprayag H.E. Plant, 1000 MW Jaypee Karcham Wangtoo H.E. Plant and 500 MW Jaypee Bina Thermal Power Plant. The corresponding figures of the quarter/period in the previous year are only for 300 MW Baspa II H.E. Plant, 400 MW Jaypee Vishnuprayag H.E. Plant and 1000 MW Jaypee Karcham Wangtoo H.E. Plant and 250 MW Jaypee Bina Thermal Power Plant and hence not comparable.
Jaiprakash Power Ventures currently operates the largest hydroelectric power plant in the private sector in India.
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