Torrent Power Ltd. Results

H1FY25 & Q2FY25 Result Announced for Torrent Power Ltd.

Electric Utilities company Torrent Power announced H1FY25 & Q2FY25 results Revenue from Operations: Rs 7,176 crore in Q2FY25 compared to Rs 6,961 crore in Q2FY24, up by 3% Rs 16,210 crore in H1FY25 compared to Rs 14,289 crore in H1FY24, up by 13%. EBITDA: Rs 1,332 crore in Q2FY25 compared to Rs 1,330 crore in Q2FY24 Rs 3,266 crore in H1FY25 compared to Rs 2,600 crore in H1FY24, up by 26%. Total Comprehensive Income: Rs 492 crore in Q2FY25 compared to Rs 531 crore in Q2FY24, down by 7% Rs 1,484 crore in H1 FY 2024-25 compared to Rs 1,065 crore in H1FY24, up by 39%.

Q1FY25 Quarterly Result Announced for Torrent Power Ltd.

Electric Utilities company Torrent Power announced Q1FY25 results: Revenue from Operations: Rs 9,034 crore in Q1FY25 compared to Rs 7,328 crore in Q1FY24, up by 23% EBITDA: Rs 1,934 crore in Q1FY25 compared to Rs 1,270 crore in Q1FY24, up by 52% Profit for the period (PAT): Rs 996 crore in Q1FY25 compared to Rs 532 crore in Q1FY24, up by 87%

Q4FY24 Quarterly & FY24 Annual Result Announced for Torrent Power Ltd.

Electric Utilities company Torrent Power announced Q4FY24 & FY24 results: Revenue from Operations: Rs 6,529 crore in Q4FY24 compared to Rs 6,038 crore in Q4FY23 Rs 27,183 crore in FY24 compared to Rs 25,694 crore in FY23 EBITDA: Rs 1,206 crore in Q4FY24 compared to Rs 1,186 crore in Q4FY23 Rs 4,904 crore in FY24 compared to Rs 5,141 crore in FY23 Profit for the period (PAT): Rs 447 crore in Q4FY24 compared to Rs 484 crore in Q4FY23 Rs 1,896 crore in FY24 compared to Rs 2,165 crore in FY23 Dividend: The Board has recommended final dividend of Rs 4.00 per equity share for FY24. The total dividend for FY24 stands as Rs 16.00 per equity share, comprising of interim dividend of Rs 12.00 per equity share and final divided of Rs 4.00 per equity share. Commenting on the performance, the Company’s Chairman, Samir Mehta said “The demand for power remained very strong during the past year and is expected to remain strong going forward with India being the fastest growing economy across the globe. Torrent Power had a transformative year, with positive developments across existing operations and growth initiatives. With improved visibility in power demand and moderation in LNG prices, we see better prospects of utilization of our gas-based power plants going forward. Our Distribution business continued to perform well and set new operational benchmarks. The Company has also made significant progress in building a large pipeline of Renewable projects and made initial inroads in new energy segments of green hydrogen and pump storage hydro. During the year, Torrent has been awarded renewable projects of about 3 GWp, which are under various stages of development and are expected to be completed in the next 2-3 years. Torrent was awarded 18 KTPA capacity under the PLI scheme for manufacturing of green hydrogen. The Company has also been able to foray into the pump storage hydro segment, wherein it has been allocated 4 sites, 2 each in UP and Maharashtra. The Company is well poised for the next phase of its growth and will endeavour to deliver sustainable growth for its shareholders.”

Q3FY24 Quarterly & 9MFY24 Result Announced for Torrent Power Ltd.

Electric Utilities company Torrent Power announced Q3FY24 & 9MFY24 results: Q3FY24 Financial Highlights: Revenue from operations of Rs 6,366 crore, a slight decrease from Rs 6,443 crore in Q3FY23. EBITDA of Rs 1,098 crore, a notable decrease from Rs 1,527 crore in Q3FY23. PAT of Rs 374 crore, a significant decline from Rs 695 crs in Q3FY23. 9MFY24 Financial Highlights: Revenue from operations of Rs 20,655 crore, showcasing an increase from Rs 19,656 crore in 9MFY23. EBITDA of Rs 3,698 crore, compared to Rs 3,954 crore in 9MFY23. PAT of Rs 1,449 crore, down from Rs 1,681 crore in 9MFY23. Dividend: An interim dividend of Rs 12.00 per equity share has been approved. Operational Highlights: Installed Generation Capacity: 4,287 MW (2,730 MW gas-based, 1,195 MW renewable, 362 MW coal-based). Renewable projects of 977 MW are currently under development, totaling a planned capacity of 5,264 MW. Distribution: Serving over 4.03 million customers, distributing nearly 28 billion units across its operational regions.