Torrent Power Ltd reported consolidated net profit of Rs 372.01 crore for the quarter ended December 31, 2015.The company had posted a net profit of Rs 68.77 crore in the year-ago period. These figures are after taking into account tax, minority interest and share of profit of associates.
The High Court of Gujarat has sanctioned the composite scheme of amalgamation of Torrent Energy Ltd and Torrent Cables Ltd with Torrent Power and their respective shareholders and creditors, Torrent Power said in a filing to BSE. "The figures for the quarter ended December 31, 2015, quarter ended September 30, 2015 and nine months ended December 31, 2015 are after giving effect to the said amalgamation in the books of accounts, while the figures for the corresponding periods and previous year ended on March 31, 2015 are before giving effect to the said amalgamation in the books of accounts," it said. Hence, the figures for the corresponding periods and previous year are not comparable with the figures of the current periods, it added.
The consolidated total income from operations of the company was at Rs 3,024.65 crore. The income from operations in the year-ago period was Rs 2,542.84 crore, it said.
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