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Torrent Power reports 55% fall in Q3 consolidated net profit

29 Jan 2013 Evaluate

Torrent Power has reported results for third quarter ended December 31, 2012.

The company has reported 55.13% fall in its net profit at Rs 94.80 crore for the quarter as compared to Rs 211.28 crore for the same quarter in the previous year.  However, total income of the company has increased by 0.85% at Rs 1919.17 crore for quarter under review as compared to Rs 1903.05 crore for the quarter ended December 31, 2011.

On the consolidated basis, the company has reported 55.04% fall in its net profit at Rs 95.66 crore for the quarter ended December 31, 2012 as compared to Rs 212.76 crore for the same quarter in the previous year.  However, total income of the company has increased by 1.46% at Rs 1943.23 crore for quarter under review as compared to Rs 1915.20 crore for the quarter ended December 31, 2011.

Peers
Company Name CMP
NTPC 328.35
Tata Power 362.15
Adani Power 203.70
Power Grid Corpn. 264.25
Adani Energy Solut. 1355.05
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