Integrated Filing — IndAS

General information about company
Scrip Code	532627
NSE Symbol	JPPOWER
MSEI Symbol	NOTLISTED
ISIN	INE351F01018
Name of company	JAIPRAKASH POWER VENTURES LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	01-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	24-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	01-May-2025   15:30:00
End date and time of board meeting	01-May-2025   17:10:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	13409100000	54621900000
	Other income	257600000	2453600000
	Total income	13666700000	57075500000
2	Expenses
(a)	Cost of materials consumed	8094400000	32502300000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	453000000	1523400000
(e)	Finance costs	974100000	4141700000
(f)	Depreciation, depletion and amortisation expense	1158700000	4702000000
(f)	Other Expenses
1	Consultancy, legal & professional fee	121700000	280100000
2	Bad debts/other debit balances written off	400000	400000
3	Provision for Doubtful Advances	0	1700000
4	Director's sitting fee including GST & service tax	2200000	5600000
5	Power, water and electricity charges	59700000	165800000
6	Miscellaneous expenses	684700000	1326000000
7	Rent	4400000	19300000
8	Exchange rate fluctuation(net)	0	300000
9	Taxes & fees	13300000	34600000
10	Corporate Social Responsibility	90900000	216200000
	Total other expenses	977300000	2050000000
	Total expenses	11657500000	44919400000
3	Total profit before exceptional items and tax	2009200000	12156100000
4	Exceptional items	0	0
5	Total profit before tax	2009200000	12156100000
6	Tax expense
7	Current tax	202900000	1254000000
8	Deferred tax	249600000	2766600000
9	Total tax expenses	452500000	4020600000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	1556700000	8135500000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	1556700000	8135500000
17	Other comprehensive income net of taxes	-900000	200000
18	Total Comprehensive Income for the period	1555800000	8135700000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	68534600000	68534600000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		16222100000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.15	0.89
	Diluted earnings (loss) per share from continuing operations	0.15	0.89
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.15	0.89
	Diluted earnings (loss) per share from continuing and discontinued operations	0.15	0.89
24	Debt equity ratio	0.0027	0.0027
25	Debt service coverage ratio	0.0218	0.0267
26	Interest service coverage ratio	0.0423	0.0505
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	125758000000
	Capital work-in-progress	1828600000
	Investment property	0
	Goodwill	1600000
	Other intangible assets	1200200000
	Intangible assets under development	662700000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	4903200000
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	5327800000
	Total non-current financial assets	5327800000
	Deferred tax assets (net)	0
	Other non-current assets	0
	Total non-current assets	139682100000
2	Current assets
	Inventories	5825400000
	Current financial asset
	Current investments	0
	Trade receivables, current	9432300000
	Cash and cash equivalents	8925400000
	Bank balance other than cash and cash equivalents	6687500000
	Loans, current	0
	Other current financial assets	873200000
	Total current financial assets	25918400000
	Current tax assets (net)	1019400000
	Other current assets	5410700000
	Total current assets	38173900000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	177856000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	68534600000
	Other equity	54277400000
	Total equity attributable to owners of parent	122812000000
	Non controlling interest
	Total equity	122812000000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	32421600000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	108300000
	Total non-current financial liabilities	32529900000
	Provisions, non-current	431000000
	Deferred tax liabilities (net)	4681700000
	Deferred government grants, Non-current	0
	Other non-current liabilities	1576900000
	Total non-current liabilities	39219500000
	Current liabilities
	Current financial liabilities
	Borrowings, current	5234600000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	74000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2140700000
	Total Trade payable	2214700000
	Other current financial liabilities	7200800000
	Total current financial liabilities	14650100000
	Other current liabilities	1143100000
	Provisions, current	16800000
	Current tax liabilities (Net)	14500000
	Deferred government grants, Current	0
	Total current liabilities	15824500000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	55044000000
	Total equity and liabilites	177856000000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Power	13410000000	54625400000
2	Coal	2229000000	7297900000
3	Sand Mining	0	0
4	Others,Cement Grinding etc.	0	0
	Total Segment Revenue	15639000000	61923300000
	Less: Inter segment revenue	2229900000	2229900000
	Revenue from operations	13409100000	54621900000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Power	4435300000	21128400000
2	Coal	75600000	299800000
3	Sand Mining	0	0
4	Others,Cement Grinding etc.	-368900000	-428400000
	Total Profit before tax	4142000000	20999800000
	i. Finance cost	974100000	974100000
	ii. Other Unallocable Expenditure net off Unallocable income	1158700000	1158700000
	Profit before tax	2009200000	12156100000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Power	165216400000	165216400000
2	Coal	3597800000	3597800000
3	Sand Mining	95700000	95700000
4	Others,Cement Grinding etc.	8946100000	8946100000
	Total Segment Asset	177856000000	177856000000
	Un-allocable Assets	0	0
	Net Segment Asset	177856000000	177856000000
4	Segment Liabilities
	Segment Liabilities
1	Power	14853700000	14853700000
2	Coal	1474800000	1474800000
3	Sand Mining	0	0
4	Others,Cement Grinding etc.	5219300000	5219300000
	Total Segment Liabilities	21547800000	21547800000
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	21547800000	21547800000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to profit or loss	-1300000	400000
	Total Amount of items that will not be reclassified to profit and loss	-1300000	400000
2	Income tax relating to items that will not be reclassified to profit or loss	-400000	200000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-900000	200000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			12156100000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			4141700000
	Adjustments for decrease (increase) in inventories			-589900000
	Adjustments for decrease (increase) in trade receivables, current			2433400000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			-43900000
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			0
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			4702000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			68400000
	Adjustments for provisions, non-current			-8500000
	Adjustments for other financial liabilities, current			-1685800000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			344200000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			9361600000
	Net cash flows from (used in) operations			21517700000
	Dividends received			0
	Interest paid			0
	Interest received			-2339900000
	Income taxes paid (refund)			2034600000
	Other inflows (outflows) of cash			-400000
	Net cash flows from (used in) operating activities			17142800000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			1700000
	Purchase of property, plant and equipment			0
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			2427500000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			1759900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			1057000000
	Net cash flows from (used in) investing activities	391100000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			4781500000
	Payments of lease liabilities			0
	Dividends paid			0
	Interest paid			4109100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-28300000
	Net cash flows from (used in) financing activities			-8918900000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			8615000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			8615000000
	Cash and cash equivalents cash flow statement at beginning of period			310400000
	Cash and cash equivalents cash flow statement at end of period			8925400000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Repetitive	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)
2	Textual Information(6)	Qualified opinion	Repetitive	Textual Information(7)	Textual Information(8)	Textual Information(9)	Textual Information(10)

Text Block
Textual Information(1)	Note no. 3(a) regarding non provision against corporate guarantee provided to lenders (SBI) of JAL. As stated in the note no. 3(a) of the accompanying financial results, on filing of the petition by a commercial bank before the National Company Law Tribunal (NCLT) bench at Allahabad, Jaiprakash Associates Limited (JAL) (the party to whom the company is an associate) has been admitted into/for Corporate Insolvency Resolution Process (CIRP) vide NCLT Order dated 3rd June, 2024 and IRP was appointed. As stated in the said note, the Company had given a corporate guarantee (CG) to State Bank of India (SBI) of USD 1,500 lakhs (31st March, 2024 USD 1,500 Lakhs) [equivalent Rs. 123,915 lakhs, USD converted at the exchange rate of Rs. 82.61 per USD] against loans granted by SBI to JAL. Also, during the earlier year, the Company has received a legal demand cum recall notice from SBI for corporate guarantee provided by the Company, however for the reasons as stated in the said note, the Company has disputed the same and presently in process of discussion with SBI. Further as stated, the SBI has filed a case for recovery in DRT-III at Delhi against JAL along with other parties where Company has also been made a party as a corporate guarantor. n nFurther, to that extent non-compliance of Ind AS 113 as fair valuation has also not been carried out of stated CG. Also, drawn attention to the note no. 3(a) read with note no. 8 where as stated in the said notes, there was/is non -compliance of SEBI Circular dated April 17, 2014 (as also been pointed out by the SEBI in its SCN/Order to the Company and its four directors, MD and CEO, and CFO). n nAs stated in note no. 3(a) of the accompanying financial results in the opinion of the management, pending claims of the Company before IRP and the Company is in discussion with SBI for release of corporate guarantee in view of the Framework Agreement, presently the impact (amount) is unascertainable as stated in the said note. n nAs stated in para (A) above, impact is unascertainable in the opinion of the management. n
Textual Information(2)	Not Quantified
Textual Information(3)	In the opinion of the Management there will be no material impact of the fair valuation of the following guarantee on the financial result/ statement of affairs. Accordingly fair valuation is not being considered and recorded in this financial statement. n nCorporate Guarantee of US$ 1,500 Lakhs in favour of State Bank of India, Hong Kong branch for the credit facilities granted by lenders to Jaiprakash Associates Limited (Party to whom the company is Associate). The principal amount of loan outstanding of US$ 1,300 Lakhs (equivalent to Rs. 70,333 lakhs) has been converted into rupee term loan by State Bank of India vide sanction letter dated 28th December, 2016. Subsequent to the accounting of the impact of Framework Agreement (Framework Agreement with its lenders for debt restructuring in earlier year), the Company had initiated process for the release of the guarantee provided to SBI. However further in response to their legal demand cum recall notice, the following has been replied : n nSaid Corporate Guarantee has no essence to lodge/invoke against any claim on or after 18.04.2019 (execution date of Framework Agreement) since the same was to be released by the State bank of India (@) as explained above (provisions of the Framework Agreement will be apply mutatis mutandis) and accordingly sustainability of the Resolution Plan was worked out without considering any liability on account of the said Corporate Guarantee on the basis of Financial Projections duly approved by the Consortium of Lenders of JPVL including SBI. n[(@) as stated in the note no. 3(a) SBI has assigned its fund based claim outstanding due for JAL to the National Reconstruction Company Limited] nPresently Impact cannot be quantified. n
Textual Information(4)	Presently Impact cannot be quantified.
Textual Information(5)	No Further Comments
Textual Information(6)	As stated in para in (A) above, JAL has been admitted into Corporate Insolvency Resolution Process (CIRP) and IRP/RP has been appointed. We draw the attention to the note no. 3(b) of the accompanying financial results that the Company has paid advance of Rs. 3,434 lakhs (net) to/for carrying out certain works/repairs under different contracts. Against advance payment made to JAL, no provision has been made and as stated in the said note and the Company has filed claims with RP for advance amount paid and other claims [note no. 3(b)] which are pending, hence presently in the opinion of the management, amount is unascertainable and not been provided for. n nMatter stated in para (A) above had also been qualified in our audit report on the consolidated financial results/statements for the quarter/year ended March 31, 2024 and limited review report for the preceding quarter ended December 31, 2024. Matter stated in para (B) had also been qualified in our limited review on the consolidated financial results, for the preceding quarter ended December 31, 2024. n
Textual Information(7)	Not Quantified n
Textual Information(8)	JAL is doing Civil Work and other works for JPVL. It is also doing Coal Handling work at Jaypee Bina Thermal Power Plant. There is regular recovery from JAL, during the current F.Y. The Company has originally filed claim of Rs. 4,841 lakhs (net). However, as on 31st March,2025, balance in the account of JAL is Rs. 3,434 lakhs (net). In the opinion of the Management, there are fair chances for recovery of this amount and there is no Provision required for it.
Textual Information(9)	In the opinion of the Management, there are fair chances for recovery of this amount and there is no Provision required for it.
Textual Information(10)	No Further Commetns