Torrent Power Q2 profit rises 13% as Nabha acquisition, renewables boost earnings
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Torrent Power reported a 12.9% rise in net profit to ₹838 crore for the September quarter.
- ✓Stronger revenue and the Nabha acquisition helped the company grow.
- ✓While higher finance costs narrowed margins, the firm saw better performance across its distribution and renewable energy businesses.
Story at a Glance
- Category
- BUSINESS
- Reported By
- CNBC TV18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Torrent Power reported a 12.9% year-on-year rise in net profit to ₹838 crore for the September quarter, supported by stronger revenue and operating performance across its distribution and renewable energy businesses, along with the consolidation of its Nabha acquisition.
Revenue for the quarter rose 24.5% to ₹9,802 crore from ₹7,876 crore a year earlier. EBITDA increased 15.5% to ₹1,739 crore, compared with ₹1,506 crore in the corresponding quarter last year.
However, EBITDA margin narrowed to 18% from 19% a year ago, with higher finance costs partly offsetting the improvement in operating performance.
Shares of Torrent Power closed at ₹1,236.25 on the BSE on Wednesday, up 2.72%, or ₹32.75, ahead of the earnings announcement.
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