Torrent Power Limited (TPL) has registered a consolidated loss before tax (LBT) of Rs 693.06 crore for the quarter ended March 2020 as against a profit before tax (PBT) of Rs 220.41 crore in the corresponding quarter last year. The company’s consolidated total income also grew marginally by 1.89 per cent to stand at Rs 3020.84 crore in Q4 of FY’20 as against Rs 2964.65 crore in Q4 of FY’19.
Torrent Power had incurred a one-off impairment assessment of 1,200-MW DGEN Mega Power Project located at Dahej in South Gujarat.
For the whole fiscal year of 2019-20, the company’s consolidated PBT stood at Rs 545.90 crore as compared to Rs 1248.36 crore in the previous fiscal. On the other hand, its consolidated total income grew from Rs 13239.07 crore in FY’2018-19 to Rs 13687.13 crore in FY’2019-20.
