Jaiprakash Power Ventures shares plummeted over 7% on Thursday, hitting a session low of ₹14.91 on the NSE. The sharp decline followed the company's third-quarter results, which revealed a staggering 97% drop in net profit to ₹3.8 crore. Revenue saw a marginal increase to ₹1,155.6 crore.
Profit Plummets Amidst Revenue Stagnation
Jaiprakash Power Ventures' stock faced significant selling pressure, shedding over 7% of its value in Thursday's trading session. The equity touched an intraday low of ₹14.91 per share on the National Stock Exchange (NSE). This steep fall was directly precipitated by the company's dismal third-quarter financial results for FY26. The net profit figure, the bottom line for investors, collapsed by a staggering 97%, plummeting to ₹3.8 crore from ₹124.7 crore in the same period last year.
Revenue Edges Up, Fails to Offset Profit Decline
While the profit margins evaporated, the company's consolidated revenue from operations showed a slight uptick. For the December quarter, revenue stood at ₹1,155.6 crore, a marginal increase compared to ₹1,140.2 crore in the corresponding quarter of the previous financial year. This minimal revenue growth was insufficient to counterbalance the dramatic fall in profitability, leaving investors unimpressed and triggering the sell-off.
Historical Performance and Market Context
The stock's current woes are amplified by its performance over the past year. Jaiprakash Power Ventures' share price has declined by 0.5% in the last 12 months, starkly contrasting with the Nifty 50 index's 8.22% advance. The current trading price is also significantly down from its 52-week high of ₹27.7 per share, having fallen approximately 46.2%. At 1:38 PM, the stock was trading 6.8% lower at ₹15, while the broader Nifty 50 index registered a modest decline of 0.5%, highlighting the stock's underperformance.
Chairman's Bail, Company Denies Financial Impact
In a separate development last month, Non-Executive Director and Chairman Manoj Gaur was released on interim bail on January 24, following his arrest by the Enforcement Directorate on November 13, 2025, in a matter related to Jaypee Infratech and Jaiprakash Associates. The company, however, explicitly stated that this legal issue is not connected to Jaiprakash Power Ventures and will not have any financial impact on its operations. Investors, however, seem more focused on the immediate financial results.
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