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Torrent Power falls on reporting consolidated net loss of Rs 487 crore in Q4
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Torrent Power is currently trading at Rs. 452.40, down by 16.40 points or 3.50% from its previous closing of Rs. 468.80 on the BSE.
The scrip opened at Rs. 457.15 and has touched a high and low of Rs. 492.95 and Rs. 450.10 respectively. So far 280852 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 421.75 on 27-May-2021.
Last one week high and low of the scrip stood at Rs. 540.15 and Rs. 450.10 respectively. The current market cap of the company is Rs. 21820.00 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.24% and 17.20% respectively.
Torrent Power has reported results for fourth quarter and year ended March 31, 2022.
The company has reported net loss of Rs 525.76 crore for the quarter under review as compared to net profit of Rs 414.82 crore for the same quarter in the previous year. However, total income of the company increased by 21.31% at Rs 3,724.13 crore for Q4FY22 as compared Rs 3,069.84 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported net loss of Rs 487.37 crore for the quarter under review as compared to net profit of Rs 398.10 crore for the same quarter in the previous year. However, total income of the company increased by 23.23% at Rs 3,840.59 crore for Q4FY22 as compared Rs 3,116.54 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a fall of 69.08% in its net profit at Rs 409.71 crore as compared to Rs 1,324.91 crore for the previous year. However, total income of the company increased by 16.51% at Rs 14,011.83 crore for year under review as compared to Rs 12,026.80 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 64.60% in its net profit at Rs 458.70 crore as compared to Rs 1,295.87 crore for the previous year. However, total income of the company increased by 17.69% at Rs 14,492.65 crore for year under review as compared to Rs 12,314.47 crore for year ended March 31, 2021.
