- Torrent Power‘s net income for the second quarter was 4.81 billion rupees, which is an 8.6% decrease compared to the previous year.
- The net income fell short of the estimated 5.79 billion rupees.
- Revenue increased by 3.2% year-over-year to reach 71.8 billion rupees, slightly beating the estimate of 71.55 billion rupees.
- Total costs rose by 4.4% year-over-year to 66.1 billion rupees.
- Analysts have varying opinions on Torrent Power, with 4 recommending buys, 2 holds, and 4 suggesting sells.
A look at Torrent Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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 into the future, Torrent Power Limited, a company deeply involved in power generation, transmission, and distribution in India, exhibits promising signs according to the Smartkarma Smart Scores. With solid scores of 4 in both Dividend and Growth categories, Torrent Power showcases a strong potential for delivering consistent dividends to its investors while also demonstrating potential for future growth in the industry.
Furthermore, the company’s Momentum score of 4 indicates strong market momentum, suggesting a positive market sentiment towards Torrent Power. However, with Value and Resilience scores of 2 each, the company may face challenges in terms of valuation and resilience to market disruptions. Overall, investors considering Torrent Power for the long term may take into account its strong dividend and growth potential, supported by its positive momentum in the market.
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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