TORNTPOWER

Result Update

Q3 revenue increased 4.3% to ₹6,777.8 crore. EBITDA rose 26.2% to ₹1,403 crore, with a 3.6% margin expansion to 20.7%. The growth was driven by gas-based power plants, licensed and franchised distribution businesses, and renewable energy. Shares currently trade down 5% at ₹1,408.5 apiece despite positive earnings.