- Torrent Power‘s net income for the second quarter reached 7.24 billion rupees, reflecting a 51% increase year-over-year. This exceeded the estimated figure of 6.43 billion rupees.
- The company’s revenue for the quarter was recorded at 78.8 billion rupees, marking a 9.7% rise compared to the previous year. This figure surpassed the forecasted 76.53 billion rupees.
- Total costs for the quarter were 69.7 billion rupees, showing an increase of 5.4% year-over-year.
- Analyst ratings for Torrent Power include 2 recommendations to buy, 4 to hold, and 4 to sell the stock.
A look at Torrent Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking ahead, Torrent Power is positioned to offer investors a promising long-term prospect as per the Smartkarma Smart Scores assessment. The company has obtained a notably high rating in Dividend and Growth factors, reflecting its strong performance in these areas. Torrent Power‘s commitment to providing attractive dividend returns and its potential for future growth are key highlights that could attract investors seeking stable returns coupled with growth opportunities.
In addition, Torrent Power has shown resilience and moderate momentum, which further supports its overall positive outlook. This combination of factors suggests that Torrent Power, a company primarily engaged in power generation, transmission, and distribution in India, could be a reliable investment option for those looking for a balanced investment profile with steady dividend income, growth potential, and relative stability in the face of market fluctuations.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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