Q1 2023 Torrent Power Ltd Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the Q1 FY '23 Earnings Conference Call of Torrent Power Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Saurabh Mashruwala, Vice President, Finance. Thank you, and over to you, sir.
Yes. Thank you. Good morning to all of you. Thank you for joining earnings call of Torrent Power for Q1 FY '23. First, I will take you through the performance of the quarter, after which phone lines will be opened for Q&A session. I will explain the performance of the company at PBT level first and thereafter tax expenses will be taken separately.
Reported PBT for the quarter, before exceptional items stood at INR 671 crores as compared to INR 273 crores, the corresponding quarter last year, is an increase of INR 398 crores, about 146% on a reported basis. To understand underlying performance of our company, I will take you through the nonrecurring item for -- nonrecurring items
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