Torrent Power shines on reporting 88% rise in Q3 consolidated net profit
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Torrent Power is currently trading at Rs. 498.20, up by 41.30 points or 9.04% from its previous closing of Rs. 456.90 on the BSE.
The scrip opened at Rs. 485.05 and has touched a high and low of Rs. 505.30 and Rs. 482.40 respectively. So far 222917 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 416.00 on 19-May-2022.
Last one week high and low of the scrip stood at Rs. 459.15 and Rs. 441.60 respectively. The current market cap of the company is Rs. 23929.91 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.51% and 16.93% respectively.
Torrent Power has reported rise of 82.79% in its net profit at Rs 694.94 crore for third quarter ended December 31, 2022 (Q3FY23) as compared to Rs 380.18 crore for the corresponding quarter previous year. Total income of the company increased by 33.28% to Rs 4961.99 crore for the quarter under review as compared to Rs 3722.89 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 88% in its net profit at Rs 694.54 crore for Q3FY23 as compared to Rs 369.45 crore for the same quarter in the previous year. Total income of the company increased by 70.26% to Rs 6526.44 crore for the quarter under review as compared to Rs 3833.14 crore for the same quarter in the previous year.
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