Torrent Power’s performance for Q4FY16 was a complete disappointment. It posted a shocking 86% (YoY) drop in consolidated net profit at Rs.26 crore on a 4% drop in net income at Rs.2440 crore. Other income dropped 70% to Rs.46 crore and total costs were up 4%, led by a 52% jump in fuel cost, 28% rise in employee costs and 6% rise in depreciation. EBITDA slumped down 28% to Rs.499 crore and margins fell from 26.6% to 20.1%.

The company ended FY16 with a 12% rise in consolidated net sales and a whopping 140% rise in net profit at Rs.866 crore. Interest outgo for the year was at Rs.1134 crore and borrowings as at 31^st March 2016 stands at Rs.8244 crore. Cash has come down from Rs.1770 crore to Rs.780 crore.