The call ran from 6:31 PM to 7:20 PM IST (50 min).
Key takeaways
Reported PBT ₹1,131 Cr (+15%) is inflated by ~₹123 Cr one-offs; adjusted PBT ₹1,008 Cr rose only 6% YoY. Growth is mostly NABA-acquisition driven, with higher finance costs.
| Revenue growth | NABA contributed ~₹1,100 Cr revenue; total YoY growth not stated. |
|---|---|
| Margins | Management claims stable margins; merchant realisation down ₹55 Cr QoQ. |
| Order book | Three wind LOAs, 500 MW total; no order book value. |
| Demand visibility | Q3/Q4 expected low demand; contracts depend on LNG prices. |
| Management confidence | Defensive on PSP and merchant questions; 'resilient' framing masks ~₹123 Cr one-offs. |
Growth
Adjusted PBT +6% YoY; tax rate 26% vs 24%. NABA added ₹142 Cr EBITDA, offset by ₹55 Cr lower merchant realisation.
Outlook
1–1.2 GW renewables FY27, 1.4–1.6 GW FY28; FY27 renewable capex ~₹10,000 Cr; NABA ~₹1,000 Cr EBITDA run-rate.
Risks
Finance costs up on NABA/acquisition debt; PSP opposition; 300 MW PPA exit cost ₹44 Cr.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Torrent Power Q2 FY27 Results: Net Profit ₹838 Cr, Up 13.0% YoY
Torrent Power Ltd reported revenue from operations of ₹9,802 Cr (+24.4% YoY) and net profit of ₹838 Cr (+13.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹838 Cr · +13.0% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Planned RE capex of INR 10,000 Cr for FY27; targeting 1.2 GW renewable commissioning in current fiscal year.
Growth they described
Adjusted PBT fell INR 119 Cr YoY due to lower merchant sales and higher gas-based O&M expenses.
Call details
| Company | Torrent Power Ltd |
|---|---|
| NSE symbol | TORNTPOWER |
| ISIN | INE813H01021 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 6:30 PM IST |
| Length | 50 min |
| Audio | Our stream on YouTube ↗ |
Torrent Power Ltd: key numbers
- Share price
- ₹1,238.00
- Market cap
- ₹62,383 Cr
- Revenue (annual)
- ₹28,966 Cr
- Net profit (annual)
- ₹2,416 Cr
- P/E (TTM)
- 26.8×Sector 21.3×
- Promoter holding
- 51.09%+0.00% QoQ
- FII holding
- 8.36%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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