For the March quarter, Torrent Power net profits actually fell by 88% to Rs.25 crore. Even the total income for the quarter at Rs.2964 crore was almost flat in the March quarter. However, the stock is part of the reputed Mehta group of Gujarat and has strong franchises in Ahmadabad and Surat. The P/E of the company is less than 10, which is very reasonable for a utility. The company has paid a dividend of Rs.5 which gives it a dividend yield of over 2%. This is rarely a stock that can give outperformance even in the long run but it can surely be a safe avenue to park your money.