Скачать или смотреть Torrent Power's Impressive FY 2023 24 Growth!

Based on the review of the annual report for Torrent Power Limited for FY 2023-24, here are the key financial highlights and investment considerations:

Financial Overview:
Revenue and Profit:

Torrent Power reported revenue from operations of ₹27,183 crore, representing a 5.8% year-on-year growth​(ff59bcad-5f96-4ff5-8352…).
EBITDA stood at ₹4,904 crore, with a slight decrease of 4.61% compared to the previous year​(ff59bcad-5f96-4ff5-8352…).
Profit After Tax (PAT) increased by 27%, adjusted for one-time gains in the previous year​(ff59bcad-5f96-4ff5-8352…).
Return on Net Worth (RoNW) was 14.48%, and Return on Capital Employed (RoCE) stood at 14.60%​(ff59bcad-5f96-4ff5-8352…).
Capital Expenditure and Debt:

The company made capital expenditures of ₹3,855 crore, focusing on renewable energy projects and infrastructure​(ff59bcad-5f96-4ff5-8352…).
Net debt stood at ₹10,255 crore, with a Net Debt to EBITDA ratio of 2.25x​(ff59bcad-5f96-4ff5-8352…).
Torrent Power maintained a Debt to Equity ratio of 0.90, reflecting a balanced capital structure​(ff59bcad-5f96-4ff5-8352…).
Dividend:

Torrent Power declared a dividend payout ratio of 40.86%, providing steady returns to shareholders​(ff59bcad-5f96-4ff5-8352…).
Operational Highlights:
Expansion in Renewable Energy:

Torrent Power expanded its renewable energy capacity significantly, with approximately 3 GWp of renewable projects under development​(ff59bcad-5f96-4ff5-8352…).
The total renewable capacity is expected to reach 4.3 GW, closer to its medium-term goal of 5 GW​(ff59bcad-5f96-4ff5-8352…).
Distribution and Customer Service:

The company achieved distribution losses of 2.69% in its licensed areas, which is a commendable performance in the industry​(ff59bcad-5f96-4ff5-8352…).
Collection efficiency across all distribution areas remained near 100%, reflecting strong operational management​(ff59bcad-5f96-4ff5-8352…).
Sustainability and Green Initiatives:

Torrent Power is committed to increasing its share of green energy, with initiatives like green hydrogen projects and pumped hydro storage​(ff59bcad-5f96-4ff5-8352…).
The company’s emission intensity improved, aligning with its goal of reducing its carbon footprint​(ff59bcad-5f96-4ff5-8352…).
Investment Considerations:
Strengths:

Strong revenue growth and profitability with a strategic focus on renewable energy.
Consistent dividend payouts and prudent capital allocation ensure shareholder value.
Robust operational performance, particularly in distribution efficiency and renewable energy expansion.
Risks:

Exposure to macroeconomic factors and regulatory changes in the power sector could impact growth.
Capital-intensive nature of the business requires careful management of debt levels and return on investments.
Conclusion:
Investing in Torrent Power Limited appears promising due to its strong focus on renewable energy, steady financial performance, and strategic expansion plans. The company's efforts to maintain high efficiency in distribution and expand its renewable portfolio align with long-term growth trends in the energy sector. However, potential investors should monitor regulatory developments and the economic environment.

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