Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

Its profit before tax was higher due to better collection efficiency, renewable generation output, and lower interest costs.

February 10, 2021

/ Nithin Thomas

/ Finance and M&A, Solar

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Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% from ₹30.79 (~$422.6 million) billion in the same quarter the previous year.

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Nithin Thomas

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Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020

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