Torrent Power Stock Drops 17% in November Due to Weak Q2 Results

Torrent Power’s stock has fallen to a five-month low, down 17% in November, following disappointing Q2 FY25 results. The company’s net profit saw a 9% decline, while revenue increased by just 3.1%. Poor performance was attributed to lower power sales and weather disruptions impacting its renewable energy output. Despite the setback, the company has a strong pipeline of projects, including green hydrogen and pumped storage initiatives.