Torrent Power shares surged over 10% in trade today on the back of strong Q1 earnings from the company. Torrent Power share price made an intraday high of Rs 1,780 on the NSE. As of 10:00 AM, Torrent Power share price was at Rs 1,757.70, up 9.7% on the NSE. The stock also hit a new 52-week high in trade today.
Torrent Power’s Q1FY25 revenue surged by 23.3% to ₹9,033.7 crore, up from ₹7,327.6 crore in the previous year. This growth was mirrored by a substantial 56.8% increase in EBITDA, reaching ₹1,857.9 crore compared to ₹1,184.8 crore. The company’s EBITDA margin also improved to 20.6%, up from 16.2% a year ago.
Net profit saw an even more remarkable rise, climbing 87.2% to ₹996.3 crore from ₹532.3 crore. This strong profit growth underscores Torrent Power’s operational efficiency and successful cost management.
In terms of generation, Torrent Power’s thermal plant load factor (PLF) improved significantly to 60.4% from 39.6%, while wind PLF slightly decreased to 28.3% from 30.5%, and solar PLF fell to 19.5% from 21.1%.
The generation segment alone saw a dramatic revenue increase of 65%, with earnings reaching ₹3,677.6 crore compared to ₹2,229.3 crore.
