Q3FY17 Results : Torrent Power

Bhagyashree Vivarekar / 09 Feb 2017

Q3FY17 Results : Torrent Power

The company reported PAT of Rs 107 crore, which represents a sequential QoQ decline of 23.57 per cent and a YoY decline of 66.35 per cent.

Torrent Power Ltd. reported its consolidated results for the quarter ended December 31, 2016 today.

The company reported sales of Rs 2327 crore for Q3FY17, which represents a 13.11 per cent sequential decline and 23.25 per cent YoY decline.

Its operating profit (EBIT) for the quarter came in at Rs 332 crore and its EBIT margin was 14.27 per cent.

The company reported PAT of Rs 107 crore, which represents a sequential QoQ decline of 23.57 per cent and a YoY decline of 66.35 per cent.

The company's stock opened at Rs 209.55 on the BSE, fell 0.69 per cent and closed for the day at Rs 208.1.

Torrent power is an Indian company belonging to the Torrent Group. The company is into the business of power generation, transmission and distribution.