Torrent Power reports Q1 FY 2024-25 results

Ahmedabad, July 30, Torrent Power Limited today announced financial results for the quarter ended June 30 2024.
According to a statement issued by the company here today Major Highlights: Revenue from Operations ₹. 9,034 crs in Q1 FY 2024-25 compared to ₹. 7,328 crs in Q1 FY 2023-24, up by 23%.
EBITDA ₹.1,934 crs in Q1 FY 2024-25 compared to ₹.1,270 crs in Q1 FY 2023-24, up by 52%.
Profit for the period (PAT) ₹.996 crs in Q1 FY 2024-25 compared to ₹. 532 crs in Q1 FY 2023-24, up by 87%.
The major reasons for higher PAT of Rs. 464 crs for the quarter on y-o-y basis are:  Increase in contribution from merchant power sales in gas-based power plants, Increase in contribution from licensed distribution businesses and Increase in tax expenses.
Torrent Power, the ₹ 27,183 Crs integrated power utility of the ₹ 41,000 Crs Torrent Group, is one of the largest companies in the country’s power sector with presence across the entire power value chain – generation, transmission and distribution.