TORRENT POWER LTD Plunges by 8%; BSE POWER Index Down 6.8%
March 23, 2020 09:50 AM

TORRENT POWER LTD share price has plunged 8% and is presently trading at Rs 273.

Meanwhile, the BSE POWER Index is at 1,329 (down 6.8%).

Among the top losers in the BSE POWER Index today are TORRENT POWER LTD (down 8.3%) and SIEMENS (down 7.4%).

Over the last one year, TORRENT POWER LTD has moved up from Rs 260 to Rs 273, registering a gain of Rs 13 (up 5.1%)..

The BSE POWER has moved down from 1,984 to 1,329, loss of 655 points (down 33.0%) during the last 12 months.

The top gainers among the BSE POWER Index stocks during this same period were SIEMENS (up 2.2%) and TORRENT POWER LTD (up 1.2%).

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

TORRENT POWER LTD Financial Update...

TORRENT POWER LTD net profit stood at Rs 4 billion for the quarter ended December 2019, compared to a profit of Rs 2 billion a year ago. Net Sales declined 5.4% to Rs 30.8 billion during the period as against Rs 32.5 billion in October-December 2018.

For the year ended March 2018, TORRENT POWER LTD reported 121.5% increase in net profit to Rs 9.5 billion compared to net profit of Rs 4.3 billion during FY17.

Revenue of the company grew 15.1% to Rs 115 billion during FY18.

The current Price to earnings ratio of TORRENT POWER LTD, based on rolling 12 month earnings, stands at 8.6x.