Torrent Power Limited (the “Company”) today announced financial results for the quarter ended June 30, 2024. The major reasons for higher PAT of Rs. 464 crs 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;
- Increase in tax expenses.
About Torrent Power:
Torrent Power, the ₹ 27,183 Crs integrated power utility of the ₹ 41,000 Crs Torrent Group, is one of the largest companies in the country’s power sector with presence across the entire power value chain – generation, transmission and distribution.
Generation:
The Company 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 coalbased 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.
- Major Highlights
Revenue from Operations
₹ 9,034 crs in Q1 FY 2024-25 compared to ₹ 7,328 crs in Q1 FY 2023-24, up by 23%
EBITDA
₹ 1,934 crs in Q1 FY 2024-25 compared to ₹ 1,270 crs in Q1 FY 2023-24, up by 52%
Profit for the period (PAT)
₹ 996 crs in Q1 FY 2024-25 compared to ₹ 532 crs in Q1 FY 2023-24, up by 87%
