Torrent Power on Thursday posted over six per cent year-on-year rise in consolidated net profit at Rs 532.28 crore in the June quarter, mainly on the back of higher revenues.
The company had reported consolidated net profit of Rs 502.01 crore a year ago, a regulatory filing said.
Total income of the company rose to Rs 7,413.32 crore in the quarter under review, from Rs 6,618.62 crore in the same period a year ago.
The board also approved a scheme of arrangement on August 10, 2023 between Torrent Power Ltd and Torrent Green Energy Private Ltd (TGEL), a wholly-owned subsidiary of the company on a going concern basis by way of a slump sale with an appointed date of April 1, 2024.