Torrent Power reported results for the fourth quarter and year ended March 31, 2013.
The company has reported a fall of 93.63% in its net profit at Rs 24.55 crore in Q4FY13 as compared to net profit of Rs 385.49 crore in the same quarter previous year. Total income from operation of the company has decreased by 1.99% to Rs 1940.15 crore as compared to Rs 1979.57 crore in corresponding quarter last year.
On consolidated basis, the company has reported a fall of 94.27% in its net profit after taxes, Minority Interest and share of Profit / (Loss) of Associates at Rs 22.24 crore in Q4FY13 as compared to net profit of Rs 388.29 crore in the same quarter previous year. Total income from operation of the company has decreased by 0.17% to Rs 1986.65 crore as compared to Rs 1990.10 crore in corresponding quarter last year
For the year ended March 31, 2013, the company has registered 68.93% fall in its net profit at Rs 384.46 crore in FY13 as against Rs 1237.46 crore in previous years. However, total income from operation of the company has increased to Rs 8129.87 crore as compared to Rs 7915.61 crore in FY12, up by 2.71%.
On consolidated basis, for the full year ended March 31, 2013, the company has posted a 69.12% fall in its net profit after taxes, Minority Interest and share of Profit / (Loss) of Associates at Rs 386.70 crore under year under review as compared to Rs 1252.59 crore in FY12. However, total income from operations has increased by 3.36% at Rs 8221.01 crore for year under review as compared to Rs 7953.54 crore for the period ended March 31, 2012.
