Quarterly Result14 May 2025, 06:38 pm
Torrent Power FY 2024-25 Net Profit Surges by 63%, Revenue Down by 1%
AI Summary
Torrent Power Limited announced its financial results for the quarter and year ended March 31, 2025. The company's net profit for the year 2024-25 was 3,059 crores, an increase of 1,177 crores over the previous year. The rise in net profit is attributed to increased contribution from gas-based power plants, licensed and franchised distribution businesses, and decreased tax expenses. The company's total comprehensive income for the year was up by 63%. Torrent Power enjoys a strong balance sheet with impressive financial ratios. The company made significant progress in strategic initiatives and operational benchmarks, and has a robust pipeline of under-construction renewable and pump storage hydro projects.
Key Highlights
- Torrent Power's net profit for FY 2024-25 increased by 63% to 3,059 crores.
- Revenue from operations in Q4 FY 2024-25 was down by 1% compared to Q4 FY 2023-24.
- Total comprehensive income for FY 2024-25 increased by 63% compared to FY 2023-24.
- Torrent Power completed a successful maiden equity raise of Rs. 3,500 crores through QIP.
- The company entered into a first-of-its-kind Energy Storage Facility Agreement (ESFA) with MSEDCL for supplying 2,000 MW / 16,000 MWh Pump Storage Hydro power for 40 years.