Torrent Power Limited is one of the most important stocks in the country's power sector. In Wednesday's trading session, this company's stock price fell by more than 6 per cent to ₹1390. The company released its financial report for the third quarter of the current financial year after market closure on Tuesday. The report shows that net profit has increased by a significant amount compared to a year ago. But despite this, why did this company's share price fall so much?
Torrent Power Limited released its financial report for the third quarter of the current financial year on Tuesday. Compared to the third quarter of the last financial year, the company's net profit in the third quarter of the current financial year increased by 34 per cent to ₹655 crore. However, the company's net profit decreased by 12 per cent compared to the second quarter of the current financial year. In the second quarter of the current financial year, i.e., between July and September 2025, the company's net profit was ₹741 crore. Market experts believe the decline in the share is due to the reduction in net profit compared to the previous quarter.
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Despite the fall in share price, the company has announced that it will pay an interim dividend to shareholders. The company will pay a dividend of ₹15 per share. Additionally, the company has announced plans to raise ₹7,000 crore from the market through non-convertible debentures.
This company's stock witnessed a massive fall last year. However, the company's shares have largely recovered from that fall in the past few months. But despite this, the share is still down 31 per cent from its record high. However, the stock price has increased by 210 per cent in the last 2 years. This stock has delivered a return of 325 per cent in the last five years.
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