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Torrent Power Q4 Results Review: ICICI Securities Maintains 'Reduce' With 14% Potential Downside
Torrent Power's current valuations leave little room for upside, hence ICICI Securities maintains 'Reduce' rating on the stock.
15 May 2025, 08:23 PM IST 
Torrent Power's revenue declined 1% YoY to Rs 65 billion, while Ebitda rose modestly by 2% YoY to Rs 11 billion. (Photo Source: Torrent Power website)
Torrent Pharma benefited from high gas prices as its generation capacities were not utilised for distribution (owing to high energy costs) and it could sell the gas (fuel) in open market. However, after gas prices corrected in FY24, profit has remained muted largely due to reduced gas trading profit.
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