Torrent Power reports strong earnings beating analyst forecasts
after close1 source ↓written by the desknot a recommendation
- exceeding expectations
- 2.5%
- statutory profit
- ₹12.76
- higher than analyst
- 20%
- increase
- 19%
- to ₹57.80
- 7.8%
Torrent Power Limited reported revenue of ₹68b, exceeding expectations by 2.5%. The company also achieved a statutory profit of ₹12.76, which is 20% higher than analyst forecasts. Analysts now predict revenues of ₹344.0b by 2027, reflecting a 19% increase, although earnings per share are expected to decline by 7.8% to ₹57.80.
Not investment advice. For informational purposes only.