Torrent Power announced reports Q2 FY 2024-25 results

Ahmedabad, Nov 13 Torrent Power Limited (the “Company”) today announced financial results for the quarter ended September 30, 2024.
According to a statement issued by the company here today, The major reasons for lower PAT of Rs. 47 crs for the quarter on y-o-y basis are:
ñ  Increase in contribution from licensed distribution businesses offset by, Lower contribution from thermal generation mainly on account of reduced sale of merchant power (including sale of LNG) due to lower electricity demand in the current quarter on account of extended and heavy monsoon against comparable quarter last year,
Lower contribution from renewable businesses due to lower PLF on account of inclement weather conditions and partial commissioning of solar project under stabilisation period,
Increase in Finance & Depreciation costs due to capex & commissioning of additional renewable generation capacity.