Shares of Torrent Power rose 7 per cent to Rs 318 on the BSE on Tuesday after the company reported a healthy 15 per cent year-on-year (YoY) growth in EBITDA (earnings before interest, taxes, depreciation and amortization) at Rs 864 crore in the March quarter (Q4FY20). The higher growth was attributed to lower transmission & distribution (T&D) loss and the benefit of UnoSugen’s power procurement arrangement (PPA).
The company’s operational revenues remained flat Rs 2,984 crore in Q4FY20 against Rs 2,925 crore in the corresponding quarter of previous fiscal. The profit before tax or PBT (post exceptions) came in at a loss of Rs 693 crore on account of one-offs worth Rs 1,000 crore pertaining to impairment for its 1,200MW DGEN power project. At the profit after tax level, the company reported loss of Rs 270 crore.
