Torrent Power's basic earnings per share (EPS) stood at Rs 7.75 against Rs 5.73 in the year-ago quarter.
As regards the disruptions caused by the Covid-19 pandemic, the company said it has caused a reduction in electricity demand compared to the corresponding period of the previous financial year, mainly in commercial and industrial customer categories. The Group also faced delays in recovery of customer bills due to ad- hoc extension in due dates and the impaired ability of certain customers to pay bills in time, it said.
"Our strong balance sheet, robust business model, and talented pool of employees allowed us to tide over the unprecedented and difficult situation without any operational disruption and with manageable financial impact. With the easing of lockdown restrictions, we are already witnessing a gradual and steady recovery in demand and cashflows in our geographical areas and are looking forward to new growth opportunities arising from Government's strong desire to reform the power sector," said Samir Mehta, chairman of the company.
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