Conference Call with Torrent Power Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Electric Utilities company Torrent Power announced Q2FY24 & H1FY24 results: Q2FY24: Revenue from operations: Rs 6,961 crore, up by 4% compared to Rs 6,703 crore in Q2FY23. EBITDA: Rs 1,330 crore, showing a 6% YoY increase. Total comprehensive income: Rs 531 crore, up by 9% compared to Rs 485 crore in Q2FY23. H1FY24: Revenue from operations: Rs 14,289 crore, up by 8% compared to Rs 13,213 crore in H1FY23. EBITDA: Rs 2,600 crore, showing a 7% YoY increase. Total comprehensive income: Rs 1,065 crore, up by 8% compared to Rs 988 crore in H1FY23. Result PDF
Electric utilities company Torrent Power announced Q1FY24 results: Revenue from operations of Rs 7,328 crore in Q1FY24 compared to Rs 6,510 crore in Q1FY23, up by 13% EBITDA of Rs 1,270 crore in Q1FY24 compared to Rs 1,169 crore in Q1FY23, up by 9% Total comprehensive Income of Rs 534 crore in Q1FY24 compared to Rs 503 crore in Q1FY23, up by 6% The major reasons for the improvement in the Total Comprehensive Income for Q1FY24 on YoY basis are: Increase in contribution from merchant power sales in gas-based power plants Increase in contribution from licensed distribution businesses due to improved performance Lower net gain from trading LNG Lower contribution from renewable business due to lower wind PLF Increase in Finance Cost and Depreciation Expense The company has an aggregate installed generation capacity of 4,281 MW The company distributes nearly 28 billion units to over 4.03 million customers Result PDF
Conference Call with Torrent Power Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.