Wednesday 30 October 2013

Torrent Power surges despite reporting consolidated net loss of Rs 29.29 crore in Q2

Torrent Power is currently trading at Rs. 80.40, up by 2.85 points or 3.68% from its previous closing of Rs. 77.55 on the BSE.

The scrip opened at Rs. 77.00 and has touched a high and low of Rs. 83.25 and Rs. 76.20 respectively. So far 512298 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.00 on 01-Jan-2013 and a 52 week low of Rs. 67.00 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 83.70 and Rs. 75.85 respectively. The current market cap of the company is Rs. 3833.92 crore.

The promoters holding in the company stood at 53.44% while Institutions and Non-Institutions held 25.46% and 21.10% respectively.

Torrent Power has reported results for the second quarter ended September 30, 2013.

The company has reported a net loss of Rs 26.07 crore for the quarter as compared to a net profit of Rs 161.25 crore for the same quarter in the previous year. However, total income of the company has increased by 3.10% at Rs 2298.10 crore for quarter under review as compared to Rs 2228.98 crore for the quarter ended September 30, 2012.

On the consolidated basis, the group has reported a net loss of Rs 29.29 crore as compared to a net profit of Rs 164.37 crore in the same quarter previous year. However, total income of the group rose 3.60% to Rs 2320.41 crore for quarter under review as against Rs 2239.83 crore in corresponding quarter previous year.

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