| Margins | Merchant power margins resilient; O&M expenses increased by INR 51 Cr. |
|---|---|
| Order book | 4.6 GW RE projects under implementation; 1.6 GW Anuppur Thermal project. |
| Demand visibility | Strong growth in Ahmedabad (10%); 4% growth in franchisee business. |
| Management confidence | High regarding gas-based competitiveness versus battery storage costs. |
Growth
Adjusted PBT fell INR 119 Cr YoY due to lower merchant sales and higher gas-based O&M expenses.
Outlook
Planned RE capex of INR 10,000 Cr for FY27; targeting 1.2 GW renewable commissioning in current fiscal year.
Risks
Elevated gas prices, completion of tax holidays (Section 80-IA), and transmission availability delays for renewable projects.
Earnings Call Transcript filed with BSE, 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
All →Torrent Power Production Started
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
Torrent Power's subsidiary incorporated two new companies, Torrent Urja 50 and 51, for renewable energy projects with a cash investment of ₹0.05 Crore.
- 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
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.
Torrent Power Annual General Meeting
Torrent Power's 22nd AGM concluded, where shareholders approved the company's financial statements, dividend payments, and an enhancement of the borrowing limits.