Torrent Power Limited (NSE: TORNTPOWER)

Torrent Power Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	291,042	271,832	256,941	142,576	121,727	136,406
Revenue Growth (YoY)	8.72%	5.80%	80.21%	17.13%	-10.76%	3.72%
Fuel & Purchased Power	203,279	193,912	169,488	85,198	69,689	79,599
Operations & Maintenance	-	-	-	-	3,857	3,883
Selling, General & Admin	-	-	-	-	150.7	158.5
Depreciation & Amortization	14,343	13,775	12,810	13,339	12,796	13,043
Provision for Bad Debts	-	-	-	-	545.5	-
Other Operating Expenses	34,320	31,067	38,298	21,040	12,605	16,685
Total Operating Expenses	251,941	238,754	220,595	119,577	99,642	113,369
Operating Income	39,101	33,078	36,346	22,999	22,084	23,038
Interest Expense	-9,756	-9,176	-7,881	-6,139	-7,619	-9,282
Interest Income	568	568	688.4	666.2	796.6	819.6
Net Interest Expense	-9,188	-8,608	-7,193	-5,473	-6,823	-8,462
Currency Exchange Gain (Loss)	-39.8	-39.8	-107.7	53.4	-104.9	-123.1
Other Non-Operating Income (Expenses)	839.6	768.6	589.7	404.8	224.5	97.4
EBT Excluding Unusual Items	30,713	25,199	29,636	17,984	15,381	14,550
Gain (Loss) on Sale of Investments	599.2	599.2	628.7	256.4	221	566.2
Gain (Loss) on Sale of Assets	28.2	28.2	149.3	63.9	-84.7	-367.5
Asset Writedown	-	-	-	-13,000	-	-10,000
Other Unusual Items	-	-	-	335	-	-
Pretax Income	31,340	25,826	30,414	5,640	15,518	4,748
Income Tax Expense	8,208	6,866	8,767	1,053	2,559	-7,040
Earnings From Continuing Ops.	23,132	18,960	21,647	4,587	12,959	11,789
Minority Interest in Earnings	-698.9	-627.7	-472.4	-47.2	-49.4	-47.3
Net Income	22,433	18,332	21,174	4,540	12,909	11,742
Net Income to Common	22,433	18,332	21,174	4,540	12,909	11,742
Net Income Growth	3.06%	-13.42%	366.41%	-64.83%	9.95%	30.61%
Shares Outstanding (Basic)	481	481	481	481	481	481
Shares Outstanding (Diluted)	481	481	481	481	481	481
Shares Change (YoY)	-0.03%	-	-	-	-	-
EPS (Basic)	46.68	38.14	44.06	9.45	26.86	24.43
EPS (Diluted)	46.68	38.14	44.06	9.45	26.86	24.43
EPS Growth	3.08%	-13.43%	366.41%	-64.83%	9.95%	30.64%
Free Cash Flow	2,986	6,019	3,667	13,580	16,916	22,536
Free Cash Flow Per Share	6.21	12.52	7.63	28.26	35.20	46.89
Dividend Per Share	-	16.000	13.000	9.000	11.000	6.600
Dividend Growth	-	23.08%	44.44%	-18.18%	66.67%	32.00%
Profit Margin	7.71%	6.74%	8.24%	3.18%	10.61%	8.61%
Free Cash Flow Margin	1.03%	2.21%	1.43%	9.53%	13.90%	16.52%
EBITDA	53,202	46,612	48,928	36,216	34,800	36,077
EBITDA Margin	18.28%	17.15%	19.04%	25.40%	28.59%	26.45%
D&A For EBITDA	14,101	13,533	12,582	13,217	12,715	13,039
EBIT	39,101	33,078	36,346	22,999	22,084	23,038
EBIT Margin	13.43%	12.17%	14.15%	16.13%	18.14%	16.89%
Effective Tax Rate	26.19%	26.59%	28.83%	18.67%	16.49%	-
Revenue as Reported	294,556	275,275	260,760	144,927	123,145	138,182

Source: S&P Capital IQ. Utility template. Financial Sources.