Torrent Power posts net profit of Rs 86 cr in Q1

The consolidated total income from operations for stood at Rs 2,562 cr, up 16%

Torrent Power Limited reported a net profit of Rs 86.24 crore in the first quarter of 2014-15 as against net loss of Rs 7.39 crores reported during the first quarter of 2013-14, the company said in a statement.

“The company earned net profit (after minority interest) of Rs.86.24 crore in Q1 FY 2014-15 as against net loss (after minority interest) of Rs 7.39 crore during the comparable quarter of the previous year,” the statement said.

The total income from operations for Q1 stood at Rs 2,562.67 crores, up by 16.29 % from Rs 2,203.71 crores in the corresponding quarter of previous financial year, the statement said.

Torrent Power Limited, the Rs 8,932 crore integrated power utility of the Torrent Group, is among the the largest private sector players in the country in power generation, transmission and distribution. Its current generation capacity is 2002 MW and it distributes nearly 13.25 billion units to over 2.87 million customers in Ahmedabad, Gandhinagar and Surat in Gujarat, Bhiwandi in Maharashtra and Agra in Uttar Pradesh.