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Torrent Power reports two fold jump in Q1 consolidated net profit

05 Aug 2015 Evaluate

Torrent Power has reported results for first quarter ended June 30, 2015.

The company has reported around 4 fold jump in its net profit at Rs 309.18 crore for the quarter ended June 30, 2015 as compared to Rs 80.28 crore for the same quarter in the previous year. The company’s total income has increased by 14.86% to Rs 2979.22 crore for the quarter under review, from Rs 2593.86 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported two fold jump in its net profit after tax and minority interest at Rs 173.48 crore for the quarter ended June 30, 2015 as compared to Rs 86.24 crore for the same quarter in the previous year. Total income of the company has increased by 16.51% at Rs 3063.11 crore for quarter under review as compared to Rs 2628.95 crore for the quarter ended June 30, 2014.

Peers
Company Name CMP
NTPC 329.20
Tata Power 362.15
Adani Power 203.80
Power Grid Corpn. 264.25
Adani Energy Solut. 1355.40
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