Torrent Power Q3 PAT seen up 27.1% YoY to Rs. 469.7 cr: HDFC Securities

HDFC Securities has come out with its third quarter (October-December’ 22) earnings estimates for the Power sector. The brokerage house expects Torrent Power to report net profit at Rs. 469.7 crore up 27.1% year-on-year (down 3% quarter-on-quarter).

Net Sales are expected to increase by 70 percent Y-o-Y (down 4.4 percent Q-o-Q) to Rs. 6,405 crore, according to HDFC Securities.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.6 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 1,145 crore.

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