New Delhi, Nov 10: Torrent Power on Thursday reported a 12% year-on-year rise in consolidated net profit at Rs 542.55 crore for July-September quarter (Q2) of the current financial year 2023-24.
Among reasons that contributed to the rise in profit included increase in merchant power sales in gas-based power plants and higher contribution from renewable businesses due to capacity addition.
The company had posted a profit of Rs 484.19 crore in the corresponding period of the preceding financial year.
Total income of the company during the Q2 of current fiscal stood at Rs 7,069.11 crore, up 4% as against Rs 6,797.21 crore in the same period a year ago.
Torrent Power is one of the leading players in the country’s power sector with presence across the entire power value chain – generation, transmission and distribution.
