Introduction:
Power stock reported an 8.6% YoY decline in Q2 FY25 net profit to ₹481 crore, despite a 3.1% revenue rise to ₹7,175.8 crore. Strong annual growth and a diversified energy portfolio underline its position as a key player in the power sector.
Share Price movement of Torrent Power Ltd:
As of November 14, Torrent Power Ltd share price opened at ₹1,600.00, reached an intraday high of ₹1,638.30, and a low of ₹1,555.00 before closing at ₹1,598.80, reflecting a volatile trading session for the power stock.
Torrent Power Ltd share price decline:
Torrent Power, a prominent power stock, saw its shares decline by 6.32% to an intraday low of ₹1,541.45 on the BSE after reporting an 8.6% YoY drop in Q2 FY25 net profit to ₹481 crore. Revenue rose 3.1% to ₹7,175.8 crore, showing mixed performance.
EBITDA fell 1.2% to ₹1,207.3 crore, with margins narrowing to 16.8% from 17.6% in Q2 FY24. Profitability was impacted by reduced thermal and renewable energy contributions due to lower electricity demand during the monsoon and stabilisation challenges for newly commissioned solar projects.
Despite the quarterly dip, Torrent Power’s stock has gained 67% year-to-date and 91% over the past year, outperforming the BSE Sensex. With a market cap of ₹6,203.45 crore, the company remains a key player in India’s power sector with a diversified energy portfolio.
Recent news About Torrent Power Ltd:
On September 16, 2024, Torrent Power announced a ₹64,000 crore investment in green energy projects, targeting 10 GW renewable capacity by 2030 and establishing a 100 KTPA green ammonia facility, reinforcing its commitment to sustainable and clean energy initiatives.
Stock performance of Torrent Power Ltd for Period of 1 week, 6 months and 1 year:
Over the past week, Torrent Power’s stock declined by 8.73%. In the last six months, it dropped 15.8%. However, over the year, it delivered a robust return of 94%, highlighting strong long-term performance despite recent short-term volatility.
Shareholding pattern of Torrent Power Ltd:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 53.57 | 53.57 | 53.57 |
| FII | 8.88 | 8.43 | 6.4 |
| DII | 19.03 | 19.53 | 21.47 |
| Retail & others | 18.52 | 18.49 | 18.57 |
About Torrent Power Ltd Industries:
Torrent Power Ltd is a leading integrated power utility in India, engaged in power generation, transmission, distribution, and cable manufacturing. With a diverse portfolio of coal, gas, and renewable energy, the company emphasises sustainable practices and innovation, catering to both domestic and industrial markets.
