Torrent Power’s Q2 net profit rises 12% to Rs 543 cr on higher revenues
Torrent Power on Thursday posted a 12 per cent increase in consolidated net profit to Rs 543 crore in the September quarter on the back of higher revenues.
The consolidated net profit of the company was Rs 484 crore in the year-ago period, as per a BSE filing.
The company’s total income rose to Rs 7,069.11 crore during the quarter from Rs 6,797.21 in the same period a year ago.
The company said major reasons for an improvement in the total comprehensive income for the quarter include increase in contribution from merchant power sales in gas-based power plants and increase in contribution from licensed distribution businesses.
