Q1 2024 Torrent Power Ltd Earnings Call Transcript
Ladies and gentlemen, good day, and welcome to the Q1 FY '24 Earnings Conference Call of Torrent Power Limited. (Operator Instructions) Please note that this conference is being recorded. We have with us today Mr. Saurabh Mashruwala, CFO; Mr. Rishi Shah, GM, Finance; and Mr. Jayprakash Khanwani, AGM, Finance.
I now hand the conference over to Mr. Saurabh Mashruwala. Over to you, sir.
Good evening to all of you, and thank you for joining the earnings call for Torrent Power for Q1 FY '24. First, I will take you the performance of the quarter, after which phone lines will be open for Q&A session. We'll explain the performance of the company at PBT level first and then take you through the expenses -- tax expenses separately.
Reported PBT for the quarter stood at INR 711 crores as compared to INR 671 crores in the corresponding quarter last year, an increase of INR 40 crores, a growth of about 6% on a reported basis. To better understand the underlying performance of the company, we'll take you
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