Ahmedabad-based power generation and distribution company, Torrent Power Ltd has posted a marginal six per cent growth in its profit before tax (PBT) for the second quarter ended September 30, 2019 to close at Rs 532.87 crore.
As against this, the company had witnessed a PBT of Rs 501.87 crore in the corresponding quarter last year on a consolidated basis.
The company’s revenue from operations, however, grew by 11.52 per cent in Q2 of FY 2019-20 at Rs 3842 crore, up from Rs 3445 crore in Q2 FY 2018-19 on a consolidated basis.
According to the company, the growth has come on the back of multiple factors including contribution from new long term power purchase agreement (PPA) for 278 Mw operationalised during the quarter and higher merchant power sales during the quarter.
