Torrent Power stock up 2.5% as Q1 profit doubles

Shares of electricity generator Torrent Power rose by 2.5 per cent today as its consolidated net profit for the first quarter ended June 30, more than doubled to Rs 173.48 crore.
The stock ended the day with a gain of 2.53 per cent at Rs 167.90 on the BSE. In intra-day trade, it climbed 7.78 per cent to Rs 176.50.
On the NSE, shares of the company settled at Rs 167.75, up 2.47 per cent from its previous close.
In terms of volume, 6.09 lakh shares of the company changed hands at the BSE and over 22 lakh shares were traded at the NSE during the day.

"The group has posted a net profit after tax and minority interest of Rs 173.48 crore for the quarter ended June 30, 2015 as compared to Rs 86.2 crore for the quarter ended June 30, 2014," Torrent Power Ltd had said in BSE filing yesterday.
The total income has increased from Rs 2,628.95 crore for the quarter ended June 30, 2014 to Rs 3,063.11 crore for the quarter ended June 30, 2015.
In a separate filing, Torrent said it will pay a dividend of Rs 1.50 per equity share for the financial year ended on March 31, 2015, in the annual general meeting held yesterday.