Torrent Power Limited , a leading integrated power utility, has reported a significant 48% year-on-year increase in its Total Comprehensive Income (TCI) for the second quarter. The company's financial performance was bolstered by higher contributions from merchant power sales, including LNG sales from gas-based power plants.

Financial Highlights

• Total Comprehensive Income: ₹730.00 crore, up from ₹492.00 crore in the same quarter of the previous year
• Revenue from Operations: ₹7,876.00 crore, a 10% increase from ₹7,176.00 crore in the previous year's quarter
• EBITDA: ₹1,584.00 crore, up 19% from ₹1,332.00 crore in the corresponding quarter

Key Performance Drivers

The strong operational performance contributing to higher TCI is primarily attributable to:

1. Increased contribution from merchant power sales, including LNG sales, from gas-based power plants
2. Reduction in finance costs, partially offset by increased depreciation due to commissioning of additional renewable generation capacity

Operational Highlights

• Power Generation Capacity: The company currently operates 5.0 GW of capacity across thermal and renewable sources
• Distribution Efficiency: Torrent Power maintains distribution losses of 2.34% in licensed areas with 99.9% power availability

Future Outlook

Torrent Power has reported the following projects in its pipeline:

1. 1,600 MW coal-based capacity under development
2. 3 GW pumped storage hydro project with ₹14,000.00 crore investment

The company's focus on expanding its power generation capacity and maintaining operational efficiency may position it for future growth in India's evolving energy landscape.

As Torrent Power continues to balance its traditional thermal power assets with renewable energy investments, the company aims to capitalize on the increasing demand for electricity in India.

Torrent Power Limited , a leading integrated power utility company, has announced strong financial results for the second quarter, demonstrating significant growth across key metrics.

Financial Highlights

The company reported a substantial increase in its consolidated net profit, which rose to ₹741.55 crore in Q2, marking a 50% jump from ₹495.72 crore in the same quarter of the previous year. This impressive growth was accompanied by a 10% year-over-year increase in revenue from operations, which reached ₹7,876.00 crore compared to ₹7,175.81 crore in the corresponding quarter.

Improved Operational Performance

Torrent Power's operational efficiency was evident in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) growth. The company's EBITDA for Q2 stood at ₹1,583.75 crore, up from ₹1,332.01 crore in the corresponding quarter of the previous year, representing a 19% increase. The EBITDA margin also expanded to 20.11% from 18.56% year-over-year, indicating improved profitability.

Segment-wise Performance

The company's performance across its various business segments contributed to the overall growth:

Strategic Developments

During the quarter, Torrent Power made significant strides in expanding its portfolio:

1. Thermal Power Project: The company secured a Letter of Award from MP Power Management Company Limited for a new 1,600 MW coal-based power plant, with a tariff of ₹5.829 per kWh.

2. Green Hydrogen Initiative: Torrent Power, in collaboration with Torrent Gas, inaugurated India's largest hydrogen-natural gas blending project in the City Gas Distribution sector in Gorakhpur, Uttar Pradesh. The plant has an annual production capacity of 72 TPA.

3. Strategic Acquisition: The company acquired Newzone Power Projects Private Limited and a 49% stake in Newzone India Private Limited, which holds land suitable for setting up a coal-based power plant in Madhya Pradesh.

Financial Position

Torrent Power maintained a strong balance sheet with a net worth of ₹19,419.36 crore. The company's debt-to-equity ratio stood at 0.51, indicating a balanced capital structure.

Future Outlook

With its robust financial performance, strategic expansions in both conventional and renewable energy sectors, and initiatives in emerging areas like green hydrogen, Torrent Power is well-positioned for sustained growth. The company's focus on diversifying its energy portfolio and improving operational efficiency is expected to drive long-term value for stakeholders.

Torrent Power's strong Q2 results reflect its resilience and adaptability in a dynamic energy market, setting a solid foundation for future growth and innovation in the power sector.