Torrent Power Q3 Results: Net profit up 88% YoY to Rs 685 crore

on Tuesday reported an 88% rise in net profit to Rs 694.5 crore for the third time room which ended on December 31, 2022.

The net profit for the prior year period was Rs 369.4 crore.

During the quarter, total revenue amounted to Rs 6,442.8 crore, up 71% from Rs 3,767.4 crore in the same period of the previous year.

At the operational level, Ebitda rose 53 per cent to Rs 1,527 crore in the third quarter of this fiscal year from Rs 1,000 crore in the same period of the previous year.

Ebitda is earnings before interest, taxes, depreciation and amortization.

The board has approved an interim dividend of Rs 22 per share of capital (including Rs 13 per share of capital as a special dividend).

It is present throughout the energy value chain: generation, transmission and distribution. The company has an aggregate installed generation capacity of 4,160 MW, comprising 2,730 MW of gas-fired capacity, 1,068 MW of renewable capacity, and 362 MW of coal-fired capacity.

In addition, 736 MW renewable projects are under development, for which LOA and app It has been executed for 428 MW. Total generation capacity, including capacity under development, will be 4,896 MW with a renewable capacity of 1,804 MW.

The company bond closed at Rs 456.90, down 0.16% from the BSE Tuesday. Sensex benchmark finished 0.99% higher

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