The share price of Torrent Power jumped 5.8 per cent on the BSE to a new lifetime high of Rs 829 on Monday. The gains came following the company’s strong earnings performance on Thursday after market hours.
With today’s gains, the stock has surged a whopping 92 per cent from its 52-week low of Rs 431 touched on January 30, 2023. The company’s consolidated net profit rose 9 per cent year-on-year (YoY) to Rs 531 crore in the Septemeber quarter.
Revenue from operations were up 4 per cent to Rs 6,961 crore.
The EBITDA for Q2FY24 grew 6 per cent to Rs 1,330 crore from Rs 1,258 crore in the year-ago period.
