Torrent Power on Thursday posted a consolidated net profit of Rs 398.10 crore in the January-March quarter driven by higher revenues.
The company had posted a consolidated net loss of Rs 273.94 crore in the quarter ended on March 31, 2020, a BSE filing said.
Total income of the company rose to Rs 3,116.54 crore in the quarter from Rs 3,020.84 crore in the same period year ago.
Consolidated net profit of the company rose to Rs 1,295.87
crore in 2020-21 from Rs 1,178.88 crore in 2019-20. Total income in 2020-21 decreased to Rs 12,314.47 crore from Rs 13,818.22 crore in 2019-20.
Commenting on results, the company’s chairman Samir Mehta said, “Despite the impact of COVID 19 pandemic and significant stress in the power sector,
