Torrent Power reports eight fold jump in Q4 consolidated net profit

Torrent Power has reported results for fourth quarter and year ended March 31, 2014 The company has reported 7-fold jump in its net profit at Rs 172.85 crore for the quarter ended March 31, 2014 as compared to Rs 24.55 crore for the same quarter in the previous year. Total income of the company has increased by 13.55% at Rs 2251.90 crore for quarter under review as compared to Rs 1983.06 crore for the quarter ended March 31, 2013. On the consolidated basis, the group has reported around 8-fold jump in its net profit at Rs 177.45 crore for the quarter ended March 31, 2014 as compared to Rs 22.24 crore for the same quarter in the previous year. Total income of the company has increased by 12.43% at Rs 2283.03 crore for quarter under review as compared to Rs 2030.61 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a fall of 75.36% in its net profit at Rs 94.84 crore as compared to Rs 384.96 crore in the previous year. However, total income of the company has increased by 6.62% at Rs 8817.46 crore for year under review as compared to Rs 8269.97 crore in the previous year. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 72.77% in its net profit at Rs 105.26 crore as compared to Rs 386.70 crore for the same period in the previous year. However, total income of company has increased by 6.78% at Rs 8931.70 crore for year under review as compared to Rs 8364.53 crore in the previous fiscal.