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Torrent Power Profit Dips 12.7%, Revenue Inches Up

3 Aug

Summary

Consolidated net profit saw a 12.7% decrease year-on-year.
Revenue increased by 2.8% to Rs 8,124 crore.
EBITDA grew 3.7% to Rs 1,538 crore, with margins improving slightly.

Torrent Power Profit Dips 12.7%, Revenue Inches Up

Torrent Power Ltd. has announced its financial results for the first quarter, revealing a decrease in consolidated net profit. The net profit experienced a decline of 12.7% year-on-year, falling to Rs 639 crore from Rs 731 crore in the same period last year.

Despite the drop in bottom-line profit, the company's top-line performance showed improvement. Revenue registered a growth of 2.8%, reaching Rs 8,124 crore. This indicates a sustained demand for the company's services or products.

Operationally, Torrent Power demonstrated resilience. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a 3.7% increase, amounting to Rs 1,538 crore. Furthermore, the EBITDA margin improved slightly to 18.9% from 18.8% previously, reflecting effective cost management and operational efficiency.

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