Q2 2023 Torrent Power Ltd Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to the Torrent Power Limited Q2 FY '23 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Lalit Malik, CFO, Torrent Power Limited. Thank you, and over to you, sir.
Thank you very much. Good morning to all of you, and thank you for joining earnings call of Torrent Power for quarter 2 FY '23. First, I'll take you through the performance of the quarter, after which, phone lines will be open for question-and-answer session.
We'll explain the performance of the company at PBT level first, and we'll take tax expense separately thereafter. Reported PBT for the quarter stood at INR 725 crores as compared to INR 485 crores in the corresponding quarter last year, with an increase of INR 240 crores, that's 49% on [y-o-y] reported basis.
There are no nonrecurring items in both the current quarter and corresponding quarter of the last year.
I will now take you through key
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