Torrent Power saw a dip in its stock price by over 2% in morning trade following the release of its Q2 FY25 financial results. Despite showing year-on-year (YoY) growth, the company’s sequential quarterly figures disappointed some investors.
The company reported a 3.1% YoY increase in revenue, reaching ₹7,175.81 crore, compared to ₹6,960.92 crore in Q2 FY24. However, revenue fell from ₹9,033.73 crore in Q1 FY25, showing a quarter-on-quarter (QoQ) decline.
Profit also displayed positive YoY growth, rising 14.8% to ₹495.72 crore from ₹542.55 crore a year ago. Yet, on a QoQ basis, profit dropped from ₹996.34 crore in Q1 FY25.
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