Torrent Power Limited — Updates, 04-02-2025: Press Release

Torrent Power Limited reported a net profit increase of 33%, driven primarily by enhanced contributions from gas-based power plants and gains from the sale of non-current investments. However, this was somewhat tempered by lower generation from renewable sources due to reduced wind resources and increased finance and depreciation costs from expanded renewable capacities. Revenue from operations rose to ₹6,499 Cr in Q3 FY 2024-25, up 2% year-on-year. EBITDA for the quarter increased by 17% to ₹1,284 Cr, while total comprehensive income reached ₹490 Cr, marking a 33% increase. The company declared an interim dividend of ₹14.00 per equity share.

Significantly, Torrent Power successfully completed a ₹3,500 Cr Qualified Institutions Placement (QIP), responding positively to strong investor interest. Additionally, the company entered an Energy Storage Facility Agreement aiming to develop 2,000 MW of pumped storage hydro power. With a total installed generation capacity of 4,754 MW and ongoing projects enhancing its renewable footprint, Torrent Power continues to strengthen its position in the power sector. A positive outlook persists amidst these operational advancements, presenting potential growth opportunities for investors.