Torrent Power Swings to Profit in Q4 on Higher Generation and Power Demand
The company’s installed renewable energy generation stood at 1,068 MW
May 30, 2023
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Gujarat-based power company Torrent Power posted a profit of ₹4.88 billion (~$58.97 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23 against a loss of ₹4.84 billion (~$58.49 million) in Q4 FY22 primarily due to continued growth in the company’s transmission business supported by higher power demand and increased generation.