Torrent Power Q4 Results: Co back in black with Rs 483.93 crore PAT; to raise Rs 3000 crore via NCDs

Torrent Power reported a consolidated net profit of INR 483.93 crore for the March 2023 quarter, compared to a net loss of INR 487.37 crore in the same period last year, largely driven by increased revenues. For the full year FY23, net profit rose nearly five-fold to reach INR 2,164.7 crore, while total income increased 59% to INR 6,133.70 crore during the quarter and reached INR 26,075.97 crore in FY23. The company also approved a proposal to issue non-convertible debentures worth up to INR 3,000 crore by way of private placement, subject to approval by members in the ensuing annual general meeting.