Torrent Power has reported its third-quarter results for the financial year 2024-25 (Q3 FY 2024-25), ending on December 31, 2024. The company reported that the profit after tax (PAT) rose by 31 per cent year-on-year, reaching Rs 4.89 billion. The rise in PAT was primarily driven by increased power demand due to cold weather conditions. Additionally, a one-time gain from cable sales of approximately Rs 770 million contributed to the increase in other income.
The company’s total revenue from the operations for the quarter stood at Rs 64.99 billion, reflecting a 2 per cent year-on-year increase. The earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 17 per cent year-on-year to Rs 12.84 billion. supported by higher merchant and liquefied natural gas sales, along with foreign exchange gains. The company’s earnings per share for the quarter stood at Rs 9.76. For the first nine months of FY 2024-25, the total income stood at Rs 230.81 billion, with a 10 per cent growth on a year-on-year basis. Revenue from operations rose by 9.9 per cent on a year-on-year basis to Rs 227.09 billion. PAT rose by 37 per cent year-on-year to Rs 19.74 billion. The EPS for for the first nine months of FY 2024-25 was reported to be at Rs 39.94
In terms of renewable energy, Torrent Power currently has an operational solar capacity of 741 MW, with an additional 1,546 MW under development. In the wind energy segment, the company operates 921 MW, with 1,419 MW currently under development. The company’s aggregate installed generation capacity stands at 4,754 MW, comprising 2,730 MW of gas-based capacity, 1,662 MW of renewable capacity, and 362 MW of coal-based capacity. Renewable projects totalling 2,965 MW are under development, which will bring the total generation capacity, including projects under development, to 7,719 MW.
