Torrent Power’s Distribution Business Recovering In Q3: Motilal Oswal
Transmission tower. (Photo: Bloomberg Quint)

Torrent Power’s Distribution Business Recovering In Q3: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Torrent Power Ltd.’s Q3 FY21 result highlights normalising demand at its distribution franchisee business.

Adjusted Ebitda fell 1% YoY to Rs 8.3 billion.

The distribution business was impacted by lower volumes due to the impact of the Covid-19 outbreak.

A recovery in demand and collections and a healthy balance sheet have helped it tide over this wave.

Renewable generation was up 32% YoY at 317 million units, led by capacity addition.

Interest costs decreased 6% QoQ/19% YoY to Rs 1.9 billion (versus our expectation of Rs 2.1 billion) on the back of lower debt and borrowing costs (down 140 basis point YoY).

Click on the attachment to read the full report:

Motilal Oswal Torrent Power Q3FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.