Torrent Power net profit surges 63 pc in FY 2024-25
Ahmedabad, May 14 -- Torrent Power Ltd on Wednesday reported a 63 percent jump in its total comprehensive income (net profit) for the financial year 2024-25 at Rs 3,059 crore, as against Rs 1,882 crore in the previous year.
The robust performance was attributed to increased contributions from its gas-based power plants and distribution businesses, lower tax outgo due to reversal of deferred tax liabilities of Rs 637 crore (a one-time, non-cash item), and gains from sale of non-current investments. However, the company's renewable segment saw reduced contribution owing to lower plant load factor (PLF) from adverse weather and partial commissioning of solar projects under stabilisation.
Torrent Power's revenue from operations rose seven perce...
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