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Torrent Power reports Q1 FY 2023-24 results: ₹ 7,328 crs in Q1 FY 2023-24 compared to ₹ 6,510 crs in Q1 FY 2022-23, up by 13%

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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,