Godavari Biorefineries Q2 Results: Net Loss Increases to ₹75 Crore in Q2
Torrent Power Q2 Results: Revenue Increases 3.1% YoY
Last Updated: 13th November 2024 - 05:45 pm
Torrent Power has announced its Q2 FY25 financial performance, reflecting year-over-year (YoY) growth in both revenue and profit. The company reported a 3.1% increase in revenue, reaching ₹7,175.81 crore in Q2 FY25, up from ₹6,960.92 crore in the same quarter last year. However, on a quarter-over-quarter (QoQ) basis, revenue declined from ₹9,033.73 crore in Q1 FY25, indicating a sequential drop.
Torrent Power Q2 Results Highlights
• Revenue: 3.1% increase to ₹7,175.81 crore in Q2 FY25.
• Net Profit: 14.8% to ₹495.72 Crore.
• Stock Market: Up by 1.09%, closing at ₹1,640.
Stock Market Reaction after Quarter Results
Torrent Power shares ended Wednesday’s trading session up by 1.09%, closing at ₹1,640, compared to the previous close of ₹1,658.10. The company announced its second-quarter results after market hours on Wednesday.
About Torrent Power Ltd.
Torrent Power Ltd, a subsidiary of the Torrent Group, is a utility company focused on the generation, transmission, and distribution of electricity. It produces power through gas, coal, and renewable energy plants. Torrent Power supplies electricity to residential, commercial, and industrial customers in several regions, including Ahmedabad, Gandhinagar, Surat, and Dahej SEZ, as well as Dholera SIR in Gujarat; Bhiwandi in Maharashtra; and Agra in Uttar Pradesh. The company is known for its personalized and innovative customer services, enhancing customer experience and satisfaction. Additionally, Torrent Power operates a cable manufacturing facility in Nadiad, Gujarat.
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