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Informist, Tuesday, Feb. 10, 2026

 

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--Torrent Power Oct-Dec consol PAT INR 6.43 bln vs INR 4.76 bln yr ago 
--Torrent Power Q3 consol revenue INR 67.78 bln vs INR 64.99 bln yr ago 
--Torrent Power to pay INR 15 per share interim dividend 
--Torrent Power interim dividend record date Feb 16 
--Torrent Power to raise INR 70 bln via NCDs 
--Torrent Power Q3 consol EBITDA INR 14.72 bln vs INR 12.84 bln yr ago 
--Torrent Power in 10-year LNG sale, purchase pact with Japanese co JERA 
--Torrent Power in 10-year LNG pact with Japanese co JERA from 2027
--Torrent Power Q3 consol generation sales INR 17.33 bln vs INR 14.24 bln 
--Torrent Power Q3 consol T&D sales INR 57.47 bln vs INR 58.17 bln 
--Torrent Power Q3 consol renewables sales INR 2.73 bln vs INR 2.17 bln

 

By Prateem Rohanekar

 

MUMBAI – Torrent Power Ltd. reported a healthy double-digit increase in net profit for the December quarter despite low-single-digit revenue growth as expenses were contained almost at the same level as in the year-ago quarter. Among expenses, cost of electricity purchased fell as did fuel and finance costs. The expenses that rose were on account of purchase of stock-in-trade, depreciation, other expenses, and staff costs.

 

The company's net profit for the reporting quarter was INR 6.43 billion, up over 35% on year. The company's revenue for the quarter was INR 67.78 billion, up over 4% on year. Its total expenses were INR 60.42 billion, largely unchanged from INR 60.41 billion a year ago. The company declared an interim dividend of INR 15 per share with Feb. 16 as the record date.

 

The company's December quarter earnings before interest, tax, depreciation, and amortisation were INR 14.72 billion, up more than 14% on year. The company's generation sales were INR 17.33 billion, up nearly 22% on year. Its transmission and distribution sales were INR 57.47 billion, down over 1% on year. Its renewables sales were INR 2.73 billion, up 26% on year.

 

The company signed a 10-year liquefied natural gas sale and purchase pact with the Japanese company JERA. The pact will come into effect from 2027. 

 

Torrent Power said it would raise INR 70 billion through non-convertible debentures. The company currently has outstanding non-convertible debentures aggregating to Rs 51.4 billion. On Feb. 5, Crisil Ratings reaffirmed its "Crisil AA+/Stable/CRISIL A1+" rating on the bank facilities and non-convertible debentures of Torrent Power.

 

The load factor at the company's thermal plants declined during the nine months to December while it rose at all its renewable power units. Torrent Power aims to increase its renewable capacity to about 5.95 gigawatt peak.

 

Torrent Power expects continued improvement in its return on equity and return on capital employed. The company said it will focus on green hydrogen and pumped storage power. It also looks to scale up its installed renewable energy capacity. Ahead of the earnings, Torrent Power shares ended 3.9% higher at INR 1,483 on the National Stock Exchange Tuesday.  End

 

Edited by Rajeev Pai

 

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