August 10, 2023: Torrent Power Limited (the “Company”) today announced financial results for the quarter ended June 30, 2023.
The major reasons for improvement in the Total Comprehensive Income for the quarter on y o-y basis are:
⇧ Increase in contribution from merchant power sales in gas-based power plants;
⇧ Increase in contribution from licensed distribution businesses due to improved
performance;
⇩ Lower net gain from trading of LNG;
⇩ Lower contribution from renewable business due to lower wind PLF; ⇩ Increase in Finance Cost and Depreciation Expense.
About Torrent Power: Torrent Power, the ₹ 25,694 Crs integrated power utility of the ₹ 37,600 Crs Torrent Group,