Torrent Power Q2FY25 results: Net profit dips nearly 9% to Rs 495 cr

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Torrent Power Q2FY25 results: Net profit dips nearly 9% to Rs 495 cr - Business Standard

Quick Summary:

Torrent Power on Wednesday reported about 9 per cent dip in consolidated net profit to Rs 495.72 crore in the September quarter compared to the year-ago period as extended monsoon season curbed electricity demand and capacity utilisation of renewables.

The company had a consolidated net profit of Rs 542.55 crore in the quarter ended on September 30, 2023, a BSE filing showed.

Total expenses rose to Rs 6,611.83 crore in the quarter from Rs 6,328.44 crore in the same period a year ago.