Torrent Power shares rally over 7% after Q3 net profit rises 31% to ₹489 crore

The stock hit an intraday high of ₹1,450, up 7.19%. At around 11:01 am, the scrip was up 2.45% at ₹1,385.90 on the NSE.

Torrent Power Q3 result

Torrent Power on Tuesday posted a nearly 31% year-on-year (YoY) increase in its consolidated net profit at ₹489.33 crore for the October-December quarter of the 2024-25 financial year (Q3 FY25).

In the corresponding period last year, the net profit stood at ₹374.13 crore.

The increased profitability was mainly driven by higher revenue due to an increase in the sale of electricity from gas-based plants and gains from sales of non-current investments.

The company’s total income surged 3.92% to ₹6,671.25 crore in Q3 FY25 from ₹6,419.65 crore logged in the third quarter of the 2023-24 financial year (Q3 FY24).

Board announces interim dividend

The board also approved an interim dividend for 2024-25 of ₹14 per equity share (or at the rate of 140%) on 50.39 crore (or 50,39,03,543, to be exact) equity shares of ₹10 each.

The dividend will be remitted on or before March 06, 2025, to equity shareholders of the company. The record date for the dividend is Wednesday, February 12, 2025.

The share price has declined 6.60% over the past five days and 5.98% over the last month. Furthermore, it fell 21.53% during the past six months and 7.42% on a year-to-date basis.

About the company

Torrent Power, the ₹27,183 crore integrated power utility of the ₹41,000 crore Torrent Group, is one of the largest companies in the country's power sector with a presence across the entire power value chain—generation, transmission, and distribution.