Electric Utilities company Torrent Power announced Q4FY23 & FY23 results: Q4FY23: Revenue from Operations at Rs 6,038 crore in Q4FY23 compared to Rs 3,744 crore in Q4FY22, up by 61% EBITDA at Rs 1,186 crore in Q4FY23 compared to Rs 1,088 crore in Q4FY22, up by 9% Total Comprehensive Income at Rs 488 crore in Q4FY23 compared to Rs (484) crore in Q4FY22 FY23: Revenue from Operations at Rs 25,694 crore in FY23 compared to Rs 14,258 crore in FY22, up by 80% EBITDA at Rs 5,141 crore in FY23 compared to Rs 3,826 crore in FY22, up by 34% Total Comprehensive Income at Rs 2,171 crore in FY23 compared to Rs 461 crore in FY22, up by 371% Debt: Equity ratio of 0.92 and Net Debt to EBITDA ratio of 1.97 as on March 31, 2023 The Board has recommended a final dividend of Rs 4.00 per equity share for FY23. This final dividend along with an interim dividend of Rs 22.00 per equity share works out to a total dividend of Rs 26.00 per equity share (including Rs 13.00 per equity share as a special dividend) for the FY23. Commenting on the results, the Company’s Chairman, Mr Samir Mehta said, “FY23 has been an eventful year for the Company. During the year, we successfully integrated 5 acquisitions – the licensed distribution businesses of Daman & Diu and Dadra Nagar Haveli, wind power plants of 156 MW, and solar power plants of 125 MW. The Company incurred a capex of Rs 2,938 crore during the year. We also successfully navigated through the volatility in LNG prices on account of the Russia – Ukraine war. Given the Company’s strong balance sheet and unique positioning as an integrated power utility, the Company is well poised to pursue growth opportunities across the entire power value chain.” Result PDF