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Motilal Oswal Report
Torrent Power Ltd.’s results highlight the impact of lower volumes on its distribution franchise (DF) business.
Reported Ebitda, though, was up 16% YoY to Rs 9.7 billion, led primarily by a one-off appellate tribunal for electricity (APTEL) order benefit of R 2.5 billion.
The company’s distribution business has been impacted by lower volumes due to the impact of Covid-19. However, demand and collections have been recovering, and a healthy balance sheet would help tide over this wave.
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