Torrent Power Limited has posted a consolidated profit after tax (PAT) of Rs 398.10 crore for the quarter ended March 31, 2021, based on its filing with stock exchanges. The company had incurred a net loss of Rs 273.94 crore in Q4 of previous fiscal 2019-20.
However, due to the Covid-19 pandemic and stress in the power sector, the company’s consolidated income rose marginally by three per cent to Rs 3,116.54 crore for the quarter, from Rs 3,020.84 crore in Q4 of last year.
On an annual basis, Torrent Power registered a near 10 per cent growth in its consolidated PAT for the full fiscal 2020-21 at Rs 1,295.87 crore, as against Rs 1,178.88 crore in previous fiscal 2019-20.
