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12-May-2022

Torrent Power

Net turns red due to DGEN impairment charge


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Consolidated net sales (including other operating income) of Torrent Power for the quarter ended Mar 2022 has increased 21.38% to Rs 3743.65 crore.  Operating profit margin has declined from 29.65% to 26.46%, leading to 8.33% rise in operating profit to Rs 990.64 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 0.78% to 1.46%.   Purchase of finished goods cost rose from 1.55% to 3.13%.   Employee cost decreased from 3.44% to 2.88%.   Other expenses rose from 64.52% to 66.10%.   Power and Oil fuel cost rose from 56.91% to 59.77%.   

Other income rose 199.11% to Rs 96.94 crore.  PBIDT rose 14.86% to Rs 1087.58 crore.  Provision for interest fell 7.64% to Rs 151.23 crore.  Loan funds rose to Rs 9,142.63 crore as of 31 March 2022 from Rs 7,816.56 crore as of 31 March 2021.  Inventories rose to Rs 537.57 crore as of 31 March 2022 fr...



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