Author: PPD Team Date: 10/02/2025
Torrent Power has announced its financial results for the third quarter of FY 2024-25, ending December 31, 2024. The company reported a 31% year-on-year increase in profit after tax (PAT), reaching Rs 4.89 billion. The growth in PAT was largely driven by increased power demand during colder weather conditions and a one-time gain of Rs 770 million from cable sales, which contributed to a rise in other income.
The company’s total revenue for Q3 FY 2024-25 amounted to Rs 64.99 billion, marking a 2% year-on-year increase. Earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 17% to Rs 12.84 billion, supported by higher merchant and liquefied natural gas sales and foreign exchange gains. The earnings per share (EPS) for the quarter stood at Rs 9.76.
For the first nine months of FY 2024-25, Torrent Power reported a total income of Rs 230.81 billion, reflecting a 10% year-on-year increase. Revenue from operations rose by 9.9% to Rs 227.09 billion. PAT for the period increased by 37%, amounting to Rs 19.74 billion. The EPS for the first nine months was reported at Rs 39.94.
In renewable energy, Torrent Power currently operates 741 MW of solar capacity, with an additional 1,546 MW under development. In the wind energy segment, the company has 921 MW in operation, with 1,419 MW under development. The total installed generation capacity stands at 4,754 MW, consisting of 2,730 MW from gas-based sources, 1,662 MW from renewable sources, and 362 MW from coal. The company is working on renewable projects totalling 2,965 MW, which will increase the total generation capacity, including ongoing projects, to 7,719 MW.
In January 2025, Torrent Saurya Urja 2 Private Limited, a fully owned subsidiary of Torrent Power, commissioned a 300 MW grid-connected solar power project in Gujarat.