Torrent Power Q4 net up 62 pc at Rs 221 cr

Torrent Power's consolidated net profit increased by 62.57 per cent at Rs 221.25 crore in the quarter ended March 2018 on account of higher revenues.

The company's consolidated net profit was Rs 136.09 crore in the quarter ended March 2017, a Torrent Power statement said.

According to the statement, total consolidated income of the company rose to Rs 2,909.12 crore in March quarter from Rs 2,479.94 crore a year ago.

Its consolidated net profit for 2017-18 jumped to Rs 952.12 crore as compared to Rs 429.79 crore in the previous financial year.

Total income of the company stood at Rs 11,775.64 crore in 2017-18 up from Rs 10,190.98 crore in the previous fiscal.

The board today approved a final dividend of Rs 5 per equity share of Rs 10 each for 2017-18. The aggregate amount of final dividend to be distributed is Rs 289.71 crore including Rs 49.40 crore as tax on profit distributed.

In a separate filing to the BSE, the company has informed that all future communications should be addressed to Sanjal Dalal who has been designated as CFO, effective May 30.