Torrent Power Q4 Results: Co back in black with Rs 483.93 crore PAT; to raise Rs 3000 crore via NCDs
Torrent Power on Monday reported Rs 483.93 crore consolidated net profit for the March 2023 quarter, on the back of higher revenues. The company had reported a consolidated net loss of Rs 487.37 crore in the quarter ended March 2022, according to a press statement.
Net profit for FY23 was up nearly five fold at Rs 2164.7 crore against Rs 458.70 crore in FY22.
Total income rose 59% to Rs 6,133.70 crore during the quarter, up from Rs 3,840.59 crore in the year-ago period. Total income for FY23 increased to Rs 26,075.97 crore against Rs 14,492.65 crore in 2021-22.
The board has recommended a final dividend of Rs 4 per equity share for 2022-23, the company said.
