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Torrent Power reports 83% rise in Q2 consolidated net profit

06 Nov 2019 Evaluate

Torrent Power has reported results for second quarter ended September 30, 2019.

The company has reported a rise of 84.97% in its net profit at Rs 743.71 crore for the quarter under review as compared to Rs 402.08 crore for the same quarter in the previous year. Total income of the company increased by 11.33% at Rs 3,839.58 crore for Q2FY20 as compared Rs 3,448.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 82.73% in its net profit at Rs 755.61 crore for the quarter under review as compared to Rs 413.52 crore for the same quarter in the previous year. Total income of the company increased by 11.54% at Rs 3,891.29 crore for Q2FY20 as compared Rs 3,488.66 crore for the corresponding quarter previous year.

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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