AHMEDABAD: Torrent Power on Tuesday posted an 82.7% growth in its stand-alone net profit at Rs 695 crore during the third quarter of fiscal year 2023. The company’s profit swelled from Rs 380.2 crore in the corresponding quarter of FY 2022. The company’s standalone revenues from operations grew to Rs 4,867.24 crore during the quarter, up 33% against Rs 3,722.89 crore in the corresponding quarter.
“Increase in contribution from existing licensed distribution businesses due to improved performance and contribution from the operations of Union Territory of Dadra and Nagar Haveli and Daman and Diu, which Torrent Power took over from April last year was a key reason for rise in revenues,” said Torrent Power in a statement.
