Torrent Power Ltd's Q4FY18 consolidated net profit rises 59.8% yoy to Rs217cr

The company’s consolidated revenue stood at Rs2,810cr, up 15.5% yoy and 2.3% qoq

May 29, 2018 12:05 IST India Infoline Research Team

Torrent Power Ltd Q4FY18

Consolidated Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 2,810 15.5
EBITDA 690 [0.9]
EBITDA Margin (%) 24.6 [406]
Net Profit (adjusted) 217 59.8
***EBITDA margin change is bps
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Buy

Reco. Price

226

Last updated on

16-May-2018


Torrent Power reported strong growth in earnings due to a 111% yoy increase in other income as well as a 21.7% yoy decrease in finance costs. Revenue rose by 15.5% yoy to Rs2,810cr. EBITDA stood at Rs690cr, down 0.9% yoy, while EBIDTA margin fell by 406bps yoy to 24.6%. Net Profit stood at Rs217cr, up 59.8% yoy.
  • EBITDA margins for Q4FY18 were impacted by a 71.4% yoy increase in fuel costs
  • Results for FY18 on consolidated basis stood at:
    • Revenue – Rs11,512cr, up 15.1% yoy
    • EBITDA – Rs3,117cr, up 26.7% yoy
    • EBITDA Margin – 27.1%, an expansion of 247bps yoy
    • Net Profit – Rs942cr, up 120% yoy
  • The Board of Directors have approved a final dividend of Rs5 per share

Technical View:

Torrent Power Ltd ended at Rs. 242.30, up by 4.65 points or 1.96% from its previous closing of Rs. 237.65 on the BSE.
The scrip opened at Rs. 237.65 and touched a high and low of Rs. 243.75 and Rs. 234 respectively. A total of 11,77,674 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.


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