27 May 2019 | 12:17 AM

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COMPANYNEWS
Torrent Power Q4 net profit down 87.56% at Rs 26.76 cr
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Published on 05-15-2019
The company reported standalone net profit of Rs 26.76 crore for the quarter ended March 31 2019 as compared to Rs 215.16 crore in the same period last year registering a year-on-year decline of 87.56 per cent.


Net revenue of the company rose marginally by 3.40 per cent at Rs 2893.21 crore in January-March quarter of this fiscal as against Rs 2798.10 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 4.39 per cent to Rs 2211.85 crore from Rs 2118.74 crore in year ago period.


Other Income dipped by 47.50 per cent at Rs 56.17 crore versus (Mar`18 Rs 107.00 crore).


Operating Profit surged by 0.29 per cent to Rs 681.36 crore as against Rs 679.36 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.01 per cent in March quarter.


Interest grew by 2.79 per cent y-o-y to Rs 214.45 crore while Taxation increased by 196.15 per cent at Rs 199.22 crore (Mar`18 Rs 67.27 crore).