Today, the net profit of Torrent Power Ltd jumped by 143 per cent to Rs 502.11 crore in the first quarter of FY23 compared to last year’s Rs 206.59 crore. Revenue from operations had surged at 110.1 per cent to Rs 6,510.31 crore in the Apr-Jun of FY23 from Rs 3,098.91 crore posted in Apr-Jun of FY22. Profit before tax (PBT) had soared by 145.9 per cent to Rs 671.06 crore in the first quarter of the financial year 2023 as compared to Rs 272.93 crore posted in the first quarter of the financial year 2022.

Total expenses jumped 107.8 per cent YOY to Rs 5,947.56 crore in Q1FY22.
Earning, Before, Interest, Tax, Depreciation and Amortisation (EBITA) rose 53 per cent to Rs 1,169 crore at the end of June quarter 2023 as compared to Rs 764 crore posted in Q1FY22. Total income increased in this quarter from renewable generation to higher PLF due to the latest acquisition and profit from the trading of LNG, as per the company’s reason.

This company is a private sector integrated power utility engaged in power generation, transmission and distribution. Torrent Power Ltd shares gained 1.47 per cent to Rs 548.75 on the BSE.