Jaiprakash Power Ventures Ltd. announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net sales/income from operations of INR 3,991.7 million compared to INR 3,675.9 million for the same period a year ago. Profit from operations before other income, finance cost and exceptional items was INR 1,718.9 million compared to INR 2,914.7 million for the same period a year ago. Loss from ordinary activities before tax was INR 1,042.5 million compared to profit from ordinary activities before tax of INR 744.2 million for the same period a year ago. Net loss was INR 975.8 million or INR 0.36 loss per diluted share before and after extraordinary items compared to net profit of INR 595.2 million or INR 0.22 per diluted share before and after extraordinary items for the same period a year ago.

For the nine months, the company reported net sales/income from operations of INR 18,396.8 million compared to INR 12,828.1 million for the same period a year ago. Profit from operations before other income, finance cost and exceptional items was INR 13,285.5 million compared to INR 10,525.8 million for the same period a year ago. Profit from ordinary activities before tax was INR 5,525.0 million compared to INR 5,122.2 million for the same period a year ago. Net profit for the period was INR 4,514.1 million or INR 1.65 per diluted share before and after extraordinary items compared to INR 4,097.3 million or INR 1.50 per diluted share before and after extraordinary items for the same period a year ago.