Torrent Power Ltd., incorporated in the year 2004, is a mid-cap company (with a market capitalization of Rs 21916.13 Crore) operating in the energy sector.
Finance
For the quarter ending 06-30-2021, the company reported a consolidated total income of Rs 3,135.23 crore, an increase of 60% over the last quarter, a total income of Rs 3,116.54 crore and an increase of 3.07% over As of the same quarter last year, a total income of Rs 3041.72 crore. The company reported a net profit after tax of Rs 207.78 crore in the latest quarter.
Investment Fundamental reason
The brokerage maintains the REDUCE rating and Rs409 price target on TPW due to short-term headwinds from high RLNG prices. However, improved demand and upcoming capital investments are the positives.
Promoter / FII Holdings
Promoters had a 53.6% stake in the company as of June 30, 2021, while FIIs had 8.2%, DIIs 19%, and publics and another 19.2%.
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