New Delhi, Feb 4 (PTI) – Torrent Power has posted a nearly 31% increase in its consolidated net profit for the quarter ending December 2023, reporting a total of ₹489.33 crore, up from ₹374.13 crore in the same period last year. The significant profit surge is attributed to higher revenues driven by increased electricity sales from its gas-based power plants, alongside a gain from the sale of non-current investments.
In the latest quarter, the company’s total income rose to ₹6,671.25 crore, compared to ₹6,419.65 crore in the corresponding quarter of the previous year.
The company’s board also approved an interim dividend for the fiscal year 2024-25, set at ₹14 per equity share (or 140% of the share's face value). The dividend will be distributed to the company’s equity shareholders, with a record date of February 12, 2025. Shareholders can expect to receive the dividend on or before March 6, 2025.
Torrent Power attributed its improved financial performance primarily to the enhanced contribution from its gas-based power plants and the profitable sale of non-current investments.
A part of the ₹27,183 crore Torrent Group, Torrent Power is one of India’s leading integrated power utilities, with a significant presence across the entire power value chain—generation, transmission, and distribution.
In the latest quarter, the company’s total income rose to ₹6,671.25 crore, compared to ₹6,419.65 crore in the corresponding quarter of the previous year.
The company’s board also approved an interim dividend for the fiscal year 2024-25, set at ₹14 per equity share (or 140% of the share's face value). The dividend will be distributed to the company’s equity shareholders, with a record date of February 12, 2025. Shareholders can expect to receive the dividend on or before March 6, 2025.
Torrent Power attributed its improved financial performance primarily to the enhanced contribution from its gas-based power plants and the profitable sale of non-current investments.
A part of the ₹27,183 crore Torrent Group, Torrent Power is one of India’s leading integrated power utilities, with a significant presence across the entire power value chain—generation, transmission, and distribution.