Torrent Power Q3 results: PAT jumps 31% to Rs 489 cr on of higher revenues

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Torrent Power Q3 results: PAT jumps 31% to Rs 489 cr on of higher revenues - Business Standard

Quick Summary:

Torrent Power on Tuesday posted a nearly 31 per cent rise in its consolidated net profit at Rs 489.33 crore compared to a year ago, mainly on the back of higher revenues due to increased sale of electricity from gas-based plants and gain from sale of non-current investments.

The company had a consolidated net profit of Rs 374.13 crore in the quarter ended December 2023, Torrent Power said in a statement.

The board also approved an interim dividend for 2024-25 of Rs 14 per equity share (or at the rate of 140 per cent) on 50,39,03,543 equity shares of Rs 10 each.