Torrent Power Reports Net Profit Of Rs 464 Cr, Up By 87%

Torrent Power on Wednesday reported a Net Profit of Rs 464 crore in Q1 FY2024-25, increased by 87 per cent compared to 532 crore in Q1 FY 2023-24.

The major reasons for the Net Profit of Rs 464 crore for the quarter on a y-o-y basis is an increase in contribution from merchant power sales in gas-based power plants, increase in contribution from licensed distribution businesses and an increase in tax expenses.

The company’s revenue from operations jumped by 23 per cent to Rs 9,034 crore in Q1 FY 24-25 compared to 7,328 crore in Q1 FY 23-24. Whereas EBIDTA increased by 52 per cent to Rs 1,934 crore.

Torrent Power has an aggregate installed generation capacity of 4,415 MWp comprising of 2,730 MW of gas-based capacity, 1,323 MWp of renewable capacity and 362 MW of coal-based capacity.

Further, Renewable projects of 3,077 MWp are under development. Total generation capacity, including projects under advanced stages of development, is 7,492 MWp.