Torrent Power profit up 32% at Rs 482 cr

Torrent Power, an integrated power utility company of Ahmedabad-based Torrent Group, on Thursday posted a net profit of Rs 482.31 crore for the quarter ended September, 32% higher than previous year’s Rs 365.23 crore.

The company’s revenue from operation increased by 84% to Rs 6,703.15 crore for Q2FY23 against Rs 3,647.62 for Q2FY22. The Ebitda stood at Rs 1,258 crore in Q2 compared with Rs 974 crore in Q2 of FY22, registering a 29% increase.