Torrent Power rallies as Q2 net profit rose to Rs 246.27 crore
The company's total income from operations stood at Rs 3,106.27 crore compared with Rs 2701.04 crore reported for the year-ago period.
By ET Online | Updated:
NEW DELHI: Shares of Torrent Power rallied over 6 per cent in morning trade on Thursday, after the company reported a consolidated net profit of Rs 246.27 crore for the quarter ended September 30. The company had posted a net profit of Rs 23.73 crore for the year-ago period.
At 09:35 AM; Torrent Power was trading 6.1 per cent higher at Rs 193.95. It hit a low of Rs 187.05 and a high of Rs 195 in the first hour of trade on the BSE.
The financial performance between the two corresponding period "are not comparable" as the company is in the process of amalgamating Torrent Energy (TEL) and Torrent Cables (TCL) with Torrent Power (TPL), which was approved by Gujarat High Court in August, said a PTI report.
The company's total income from operations stood at Rs 3,106.27 crore compared with Rs 2701.04 crore reported for the year-ago period.
At 09:35 AM; Torrent Power was trading 6.1 per cent higher at Rs 193.95. It hit a low of Rs 187.05 and a high of Rs 195 in the first hour of trade on the BSE.
The financial performance between the two corresponding period "are not comparable" as the company is in the process of amalgamating Torrent Energy (TEL) and Torrent Cables (TCL) with Torrent Power (TPL), which was approved by Gujarat High Court in August, said a PTI report.
The company's total income from operations stood at Rs 3,106.27 crore compared with Rs 2701.04 crore reported for the year-ago period.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
