Jaiprakash Power Ventures Shares Rally 12% In Early Trade After ₹511 Crore NARCL Settlement
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Jaiprakash Power Ventures stock climbed nearly 12% after the company disclosed a ₹511 crore NARCL settlement agreement, alongside a significant improvement in its Q1FY27 financial performance.
Shares of Jaiprakash Power Ventures Ltd rallied nearly 12% in early trade on Monday after the power generation company disclosed a settlement agreement with National Asset Reconstruction Company Ltd (NARCL), involving a ₹511 crore payment.
The stock rose as much as 12.38% to ₹17.25 on the Bombay Stock Exchange (BSE) at 10:20 am. It touched an intraday high of ₹17.48 and a low of ₹16.05. Jaiprakash Power Ventures has traded between ₹13.14 and ₹24.45 over the past 52 weeks. The stock has gained around 7% in the past week.
Its longer-term performance has also remained positive, with the shares rising around 64.3% over three years and nearly 292% over five years. The company’s return on equity stood at 5.27%. At 11:38 am, Jaiprakash Power Ventures Ltd shares were up 10.36% on the BSE.
Jaiprakash Power-NARCL Settlement
Jaiprakash Power Ventures said NARCL and the company had agreed to settle the matter and claim, subject to payment of ₹511 crore as full and final settlement. The agreement also requires the company to fulfil certain other conditions, including the execution of definitive agreements.
The company said insolvency proceedings under the Insolvency and Bankruptcy Code (IBC) would be withdrawn after all conditions under the settlement terms are fulfilled. The update came through a BSE filing released on Friday.
Adani Power Stake Reports
The settlement update followed recent media reports around a potential increase in Adani Power’s stake in Jaiprakash Power Ventures. Adani Power had earlier denied reports in September that it was likely to increase its stake in JP Power to 51% by the end of 2026.
Q1FY27 Financial Performance
Jaiprakash Power Ventures reported a net profit of ₹468.95 crore in Q1FY27, compared with a net loss of ₹23.35 crore in Q4FY26. Its net revenue increased to ₹1,775.70 crore in the June quarter from ₹1,386.43 crore in the March quarter.
Earnings per share stood at ₹0.52 in Q1FY27, against a loss per share of ₹0.03 in Q4FY26. Earlier in September, the company also disclosed an update from CRISIL Ratings. The rating agency continued to keep the company’s long-term bank facilities under ‘Rating Watch with Negative Implications’, according to the company’s exchange filing.
Also Read - Edelweiss Financial Services Launches ₹300 Crore NCD Issue With Yield Up To 10%
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
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