Torrent Power surges on reporting eight fold jump in Q4 consolidated net profit

Torrent Power is currently trading at Rs 133.00, up by 2.60 points or 1.99% from its previous closing of Rs 130.40 on the BSE. The scrip opened at Rs 131.60 and has touched a high and low of Rs 133.85 and Rs. 131.30 respectively. So far 150471 shares were traded on the counter. The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 147.90 on 13-May-2014 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 147.90 and Rs 107.10 respectively. The current market cap of the company is Rs 6160.73 crore. The promoters holding in the company stood at 53.44%, while Institutions and Non-Institutions held 24.49% and 22.08% respectively. Torrent Power 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.