| Revenue growth | Adjusted PBT grew 16% YoY; reported figures impacted by one-off provisions. |
|---|---|
| Margins | Higher ROE allowances (14% to 15%) provide structural margin tailwinds. |
| Demand visibility | Strong visibility with 6% CAGR in power demand over decade. |
| Management confidence | Highly optimistic regarding long-term investment cycle and leverage capacity. |
Growth
Adjusted PBT rose 16% YoY; growth driven by favorable regulatory orders and increased ROE/ROCE allowances under new tariff regimes.
Outlook
Executing 4GW renewable, 1.6GW thermal, and 3GW pumped storage projects; FY27 capex guided significantly higher than FY26.
Risks
Significant reliance on spot gas markets for summer demand and potential regulatory delays in approving cost pass-throughs like UNOSUGEN.
Earnings Call filed with NSE, NSE: TORNTPOWER. Summary written with AI assistance from the document.
Torrent Power Ltd: key numbers
- Share price
- ₹1,238.30
- Market cap
- ₹62,398 Cr
- Revenue (annual)
- ₹28,966 Cr
- Net profit (annual)
- ₹2,416 Cr
- P/E (TTM)
- 26.9×Sector 24.7×
- Promoter holding
- 51.09%+0.00% QoQ
- FII holding
- 8.53%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Torrent Power Ltd
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Torrent Power commissions 322 MWp of decentralized solar projects in Nashik under MSKVY 2.0. Power will be supplied to MSEDCL under a 25-year PPA.
- Execution
- 25 years (PPA with MSEDCL)
- solar generation capacity
- 322 MWp
Torrent Power Management Change
Torrent Power announced the resignation of CFO Saurabh Mashruwala and the appointment of Vikas Poddar as the new CFO, effective August 21, 2026.
Torrent Power Merger & Restructuring Worth ₹0.05 Cr
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- Value
- ₹0.05 Cr
Torrent Power Merger & Restructuring Worth ₹0.1 Cr
Torrent Power's wholly owned subsidiary incorporated two new step-down subsidiaries, Torrent Urja 50 Private Limited and Torrent Urja 51 Private Limited, for renewable energy activities.
- Value
- ₹0.10 Cr
Torrent Power Earnings Call Transcript: Key Takeaways
Q1 FY27 reported PBT of INR 925 Cr, down 6% YoY. Management focuses on renewable expansion and the recent Nabha Power acquisition to drive future EBITDA growth.
Torrent Power Earnings Call Transcript: Key Takeaways
Profit before tax fell by 60 Cr to 925 Cr, masked by 59 Cr foreign exchange adjustment. Management pivots toward renewables and new acquisitions like Nabhapura to stabilize earnings amid high gas prices.