{"id":274961,"date":"2019-05-17T05:35:45","date_gmt":"2019-05-17T05:35:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=274961"},"modified":"2019-05-17T05:38:06","modified_gmt":"2019-05-17T05:38:06","slug":"torrent-power-drops-6-on-profit-slump","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/torrent-power-drops-6-on-profit-slump\/","title":{"rendered":"Torrent Power drops 6% on profit slump"},"content":{"rendered":"<p>Shares of Torrent Power Ltd were down as much as 6 per cent at Rs 231.05 &#8211; the biggest daily per cent loss since September 2018.<\/p>\n<p>The power generator&#8217;s March-quarter profit fells ~88 per cent to Rs 26.76 crore ($3.81 million), hurt by higher tax expenses.<\/p>\n<p>The company&#8217;s forward PE of 11.07 is higher versus the sector average of 9.63.<\/p>\n<p>In comparison, rival Power Grid Corp has a forward PE of 9.65, while Tata Power Company Ltd&#8217;s forward PE is 9.81.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Torrent Power Ltd were down as much as 6 per cent at Rs 231.05 &#8211; the biggest daily per cent loss since September 2018. The power generator&#8217;s March-quarter profit fells ~88 per cent to Rs 26.76 crore ($3.81 million), hurt by higher tax expenses. The company&#8217;s forward PE of 11.07 is higher versus the sector average of 9.63. In comparison, rival Power Grid Corp has a forward PE of 9.65, while Tata Power Company Ltd&#8217;s forward PE is 9.81.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-274961","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=274961"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/274961\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=274961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=274961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=274961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}