You are here: Home » Companies » Results
Business Standard

Torrent Power profit slumps 73% to Rs 202 crore in September quarter

Torrent Power on Thursday posted 73 per cent decline in consolidated net profit at Rs 202.17 crore for September quarter of the current fiscal year

Torrent Power | Q2 results

Press Trust of India  |  New Delhi 

Tamil Nadu has borrowed close to a massive Rs 40,000 crore in four-and-a-half months, compared to Rs 17,000 crore last year

on Thursday posted 73 per cent decline in consolidated net profit at Rs 202.17 crore for September quarter of the current fiscal year.

Its net profit in the year-ago period was Rs 755.61 crore, a BSE filing said.

Total income also fell to Rs 3,166.10 crore in the quarter under review from Rs 3,891.29 crore in the corresponding three months a year ago.

Total expenses during the quarter were Rs 2,936.11 crore as against Rs 3,358.42 crore a year ago.

Torrent Power, the Rs 13,641-crore integrated power utility of the Torrent Group, is one of the largest in the country's power sector with presence across the entire power value chain generation, transmission and distribution.

The company has an aggregate installed generation capacity of 3,879 MW comprising 2,730 MW of gas-based capacity, 787 MW of renewable capacity and 362 MW of coal-based capacity.

It distributes nearly 16.66 billion units to over 3.65 million customers in Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 05 2020. 18:40 IST