Torrent Power soars over 7% as profit surges 31% YoY in Q3FY25

Despite this surge, the stock has faced a 19 percent decline over the past three months

Shares of Torrent Power surged 7 percent to Rs 1,451 apiece on February 5 after the company delivered strong set of third quarter (Q3FY25) results.

Despite this surge, the stock has faced a 19 percent decline over the past three months, significantly underperforming the Nifty 50, which slipped just 1 percent in the same period. Notably, Torrent Power had previously hit a 52-week high of Rs 2,037 on October 22, 2024.

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Torrent Power's revenue from operations increased 2.1 percent year-on-year (YoY) to Rs 6,499 crore in Q3FY25, while net profit surged 31 percent YoY to Rs 489 crore. At the operating level, EBITDA rose 6.5 percent YoY to Rs 1,111 crore in Q3FY25 while EBITDA margins expanded by 60 basis points (bps) YoY to 17 percent during the quarter.

At the operating level, the company's EBITDA grew by 38 percent YoY to Rs 1,284 crore in Q3FY25 compared to Rs 1,098 crore in the year-ago period. The company stated that the major reasons for higher profit is increase in contribution from gas-based power plants and gain on sale of non-current investments.

The board also approved an interim dividend for 2024-25 of Rs 14 per equity share (or at the rate of 140 per cent) on 50,39,03,543 equity shares of Rs 10 each. The dividend will be remitted on or before March 06, 2025 to equity shareholders of the Company. The record date for the dividend is Wednesday, February 12, 2025.

Around 9 brokerages cover Torrent Power stock, with 5 recommending "buy" rating on the counter, while 1 shared "hold" rating, and 2 shared "sell" ratings.

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