Torrent Power stock nears 5-month low; down 17% in Nov on poor Q2 show

Quick Summary:

Torrent Power shares slipped 5 per cent to Rs 1,507 and were trading at the lowest level since July 25, 2024.

Operating earnings or earnings before interest, tax, depreciation, and amortisation (Ebitda) declined 1.2 per cent to Rs 1,207.3 crore, while Ebitda margins narrowed to 16.8 per cent from 17.6 per cent in Q2FY24.

Torrent Power has corrected 26 per cent from its 52-week high of Rs 2,037 touched on October 22.

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Category: BusinessFinance

Markets: India

Topics: Torrent Power q2 revenue Transmission Torrent Power stock price Electricity generation Q2 results Licensed distribution businesses Torrent Power Liquefied natural gas Distribution Torrent Power share price Gas-based power plants LNG Torrent Power q2 results Renewable energy RE power

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 10:50:56 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

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Copyright Owner: © Business Standard

News ID: 23754833

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