Torrent Power Q1 profit doubles, shares up over 2.5% at Rs 168

By: | Updated: August 5, 2015 4:55 PM

Torrent Power posted standalone unaudited net profit of Rs 309.18 crore for the first quarter as compared to Rs 80.28 crore a year ago.

Torrent PowerTorrent Power reported a consolidated bottomline of Rs 173.48 crore, up 101.16 per cent, against Rs 86.24 crore in the corresponding quarter a year ago. (Reuters)

Torrent Power shares rallied over 5 per cent in the early trade on Wednesday after the company announced a robust increase in net profit for the quarter ended June 30, 2015.

Torrent Power reported a consolidated bottomline of Rs 173.48 crore, up 101.16 per cent, against Rs 86.24 crore in the corresponding quarter a year ago.

At 9.28 am, Torrent Power share price was trading 5.71 per cent higher at Rs 173.10. It opened at Rs 170.40 and has touched a high and low of Rs 176.50 and 170.35, in trade so far.

The share price closed 2.53 per cent higher at Rs 167.90.

Consolidated net sales of Torrent Power also increased from Rs 2,562.67 crore for the quarter ended June 30, 2014 to Rs 3,002.70 crore for the quarter ended June 30, 2015.

The company’s has also posted its standalone unaudited net profit of Rs 309.18 crore for the first quarter as compared to Rs 80.28 crore a year ago.

 

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