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11-Aug-2023

Torrent Power

Sales up 13%, net up 3%


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Consolidated net sales (including other operating income) of Torrent Power for the quarter ended Jun 2023 has increased 12.55% to Rs 7327.62 crore.  Operating profit margin has declined from 16.29% to 16.17%, leading to 11.73% rise in operating profit to Rs 1,184.78 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 1.83% to 1.48%.   Purchase of finished goods cost fell from 2.90% to 0.83%.   Employee cost decreased from 2.18% to 2.00%.   Other expenses rose from 76.82% to 79.51%.   Power and Oil fuel cost rose from 72.47% to 74.52%.   Other income fell 20.88% to Rs 85.7 crore.  PBIDT rose 8.71% to Rs 1270.48 crore.  Provision for interest rose 22.19% to Rs 227.25 crore.  PBDT rose 6.15% to Rs 1043.23 crore.  Provision for depreciation rose 6.50% to Rs 331.96 crore.  Profit before tax grew 5.99% to Rs 711.27 crore.&nb...



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