Torrent Power Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2021
Revenue	280,379	291,653	271,832	256,941	142,576	121,727	Upgrade
Revenue Growth (YoY)	-2.95%	7.29%	5.79%	80.21%	17.13%	-10.76%	Upgrade
Fuel & Purchased Power	193,894	201,675	193,912	169,488	85,198	69,689	Upgrade
Operations & Maintenance	-	-	-	-	-	3,857	Upgrade
Selling, General & Admin	-	-	-	-	-	150.7	Upgrade
Depreciation & Amortization	15,279	14,971	13,775	12,810	13,339	12,796	Upgrade
Provision for Bad Debts	-	-	-	-	-	545.5	Upgrade
Other Operating Expenses	36,102	35,846	31,067	38,298	21,040	12,605	Upgrade
Total Operating Expenses	245,275	252,492	238,754	220,595	119,577	99,642	Upgrade
Operating Income	35,104	39,161	33,078	36,346	22,999	22,084	Upgrade
Interest Expense	-9,642	-10,122	-9,176	-7,881	-6,139	-7,619	Upgrade
Interest Income	1,366	1,366	568	688.4	666.2	796.6	Upgrade
Net Interest Expense	-8,276	-8,756	-8,608	-7,193	-5,473	-6,823	Upgrade
Currency Exchange Gain (Loss)	-105.4	-105.4	-39.8	-107.7	53.4	-104.9	Upgrade
Other Non-Operating Income (Expenses)	689.7	405.9	768.6	589.7	404.8	224.5	Upgrade
EBT Excluding Unusual Items	27,413	30,706	25,199	29,636	17,984	15,381	Upgrade
Gain (Loss) on Sale of Investments	1,847	1,847	599.2	628.7	256.4	221	Upgrade
Gain (Loss) on Sale of Assets	-26.9	-26.9	28.2	149.3	63.9	-84.7	Upgrade
Asset Writedown	-	-	-	-	-13,000	-	Upgrade
Other Unusual Items	-	-	-	-	335	-	Upgrade
Pretax Income	29,233	32,526	25,826	30,414	5,640	15,518	Upgrade
Income Tax Expense	1,194	1,940	6,866	8,767	1,053	2,559	Upgrade
Earnings From Continuing Ops.	28,039	30,586	18,960	21,647	4,587	12,959	Upgrade
Minority Interest in Earnings	-561.5	-701.1	-627.7	-472.4	-47.2	-49.4	Upgrade
Net Income	27,477	29,885	18,332	21,174	4,540	12,909	Upgrade
Net Income to Common	27,477	29,885	18,332	21,174	4,540	12,909	Upgrade
Net Income Growth	20.08%	63.02%	-13.42%	366.41%	-64.83%	9.95%	Upgrade
Shares Outstanding (Basic)	494	488	481	481	481	481	Upgrade
Shares Outstanding (Diluted)	494	488	481	481	481	481	Upgrade
Shares Change (YoY)	2.77%	1.55%	-	-	-	-	Upgrade
EPS (Basic)	55.64	61.23	38.14	44.06	9.45	26.86	Upgrade
EPS (Diluted)	55.64	61.23	38.14	44.06	9.45	26.86	Upgrade
EPS Growth	16.86%	60.54%	-13.43%	366.41%	-64.83%	9.95%	Upgrade
Free Cash Flow	-	4,747	6,019	3,667	13,580	16,916	Upgrade
Free Cash Flow Per Share	-	9.73	12.52	7.63	28.26	35.20	Upgrade
Dividend Per Share	-	19.000	16.000	13.000	9.000	11.000	Upgrade
Dividend Growth	-	18.75%	23.08%	44.44%	-18.18%	66.67%	Upgrade
Profit Margin	9.80%	10.25%	6.74%	8.24%	3.18%	10.61%	Upgrade
Free Cash Flow Margin	-	1.63%	2.21%	1.43%	9.53%	13.90%	Upgrade
EBITDA	50,127	53,886	46,612	48,928	36,216	34,800	Upgrade
EBITDA Margin	17.88%	18.48%	17.15%	19.04%	25.40%	28.59%	Upgrade
D&A For EBITDA	15,023	14,725	13,533	12,582	13,217	12,715	Upgrade
EBIT	35,104	39,161	33,078	36,346	22,999	22,084	Upgrade
EBIT Margin	12.52%	13.43%	12.17%	14.15%	16.13%	18.14%	Upgrade
Effective Tax Rate	4.08%	5.96%	26.59%	28.83%	18.67%	16.49%	Upgrade
Revenue as Reported	285,535	296,525	275,275	260,760	144,927	123,145	Upgrade

Source: S&P Global Market Intelligence. Utility template. Financial Sources.