Torrent Power Q2 PAT up 82% to Rs Rs 369 cr on electricity demand spike

The company's revenue from operations was up by 17% to Rs 3,648 crore in Q2FY22, from Rs 3,129 crore a year ago

A significant increase in electricity demand mainly in commercial and industrial customers has contributed to a rise of 82.44 per cent in Torrent Power's profit after tax (PAT) at Rs 368.84 crore for the quarter ended September 30, 2021. The company had posted a PAT of Rs 202.17 crore in the corresponding period last year.

The firm's revenue from operations was up 17 per cent to Rs 3,648 crore in Q2 of FY22, from Rs 3,129 crore a year ago.

Apart from increase in demand, other improvement drivers include reduction in T&D losses in the company's distribution franchisee business, and reduction in