Torrent Power Q3 Results: Profit Rises 32%, Beats Estimates
While the bottom line surged, Torrent Power's revenue grew marginally by 2.1% in the third quarter.
Torrent Power Ltd.'s profit surged in third quarter of fiscal 2025, beating analysts' estimates.
The power utility company's consolidated net profit rose 32.2% on an annual basis to Rs 475.7 crore, compared to Rs 359.8 crore in the same period a year ago. This is higher as compared to the Rs 415-crore consensus estimate of analysts tracked by Bloomberg.
The company's board also approved an interim dividend of Rs 14 per share.
Torrent Power Q3FY25 Highlights (Consolidated, YoY)
Revenue up 2.1% at Rs 6,499.4 crore vs Rs 6,366.1 crore (Bloomberg estimate: Rs 6,298 crore).
Ebitda up 6.5% at Rs 1,111.7 crore vs Rs 1,044.1 crore (Estimate: Rs 1,163 crore).
Margin up 70 basis points at 17.1% versus 16.4% (Estimate: Rs 18.5%)
Net profit up 32.2% at Rs 475.7 crore versus Rs 359.8 crore (Estimate: Rs 415 crore)
Torrent Power's December quarter revenue growth remained muted due to a 10.5% fall in its generation segment revenues, and flat growth in its transmission and renewable segment sales.
The company's Ebitda uptick was due to a 40% annual decrease in fuel costs, and no cost of material consumed expenses in the third quarter versus Rs 90 crore in the year-ago period.
Before the quarterly results were declared, shares of Torrent Power closed flat at Rs 1351.7 apiece on the BSE, compared to 1.81% rise in the benchmark Sensex.
