Torrent Power Q3 Results: Net profit jumps 34% YoY to ₹655 crore, announces interim dividend of ₹15 per share
Torrent Power, a leading integrated power utility, announced its December quarter performance post-market hours today, reporting a consolidated net profit of ₹655 crore, marking a 34% year-on-year jump from ₹490 crore in the year-ago quarter.
According to the company, the higher profit during the quarter was driven by increased contributions from gas-based power plants, improved operational performance of its licensed and franchised distribution businesses, and better performance in the renewable energy segment, which was partly offset by higher interest and depreciation costs.
