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Informist, Tuesday, May 12, 2026

 

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--Torrent Power Jan-Mar consol net profit INR 3.18 bln 
--Torrent Power Jan-Mar consol revenue INR 64.06 bln 
--Torrent Power Jan-Mar consol PAT INR 3.18 bln vs INR 10.60 bln yr ago 
--Torrent Power Q4 consol revenue INR 64.06 bln vs INR 64.56 bln yr ago 
--Torrent Power Q4 tax expense INR 2.2 bln vs write-back INR 4.6 bln yr ago 
--Torrent Power to pay INR 5 per share final dividend 
--Torrent Power board OKs raising up to INR 100 bln via NCDs 
--Torrent Power FY26 consol PAT INR 24.16 bln vs INR 29.89 bln year ago 
--Torrent Power FY26 consol revenue INR 289.66 bln vs INR 291.65 bln year ago 
--Torrent Power Q4 consol T&D sales INR 61.16 bln vs INR 58.30 bln yr ago 
--Torrent Power Q4 consol generation sales INR 9.4 bln vs INR 12.5 bln yr ago 
--Torrent Power Q4 electrical energy cost INR 36.90 bln vs INR 38.97 bln 
--Torrent Power Jan-Mar consol operating margin 17.94% vs 17.51% year ago 

 

By Simran Rede and Gopika Balasubramanium

 

MUMBAI – A tax expense against a reversal of deferred tax in the March quarter a year ago resulted in Torrent Power Ltd. reporting a sharp fall in its consolidated net profit for the fourth quarter of the financial year 2025-26 (Apr-Mar). The company's consolidated net profit and revenue both fell in the seasonally weak quarter after rising in the previous two quarters.

 

The company's bottom line declined 70% on year to INR 3.18 billion for the reporting quarter. Sequentially, it was down almost 51%. The company's top line fell almost 1% on year and about 5.5% sequentially to INR 64.06 billion. The total expenses of the company during the quarter fell under 1% to INR 59.30 billion.

 

Electricity costs, the company's largest expense, which accounted for almost 58% of its total expenses in the reporting quarter, fell 5.3% on year to INR 36.90 billion. Its other expenses rose over 42% to INR 5.94 billion. Expense related to the purchase of stock-in-trade fell nearly 23% to INR 2.95 billion. The company spent INR 5.15 billion on fuel, up 9.7% on year. The on-year rise in these expenses was offset by the on-year decline in its largest expense, electrical energy costs.

 

Improved operational performance of licensed and franchised distribution businesses, along with higher contribution from the gas-based generation business and gains booked from the sale of non-current investments, drove the growth in the company's total income, it said in a press release. 

 

Revenue from the generation business fell over 24% on year to INR 9.43 billion. Transmission and distribution revenue rose 5% to INR 61.16 billion from INR 58.30 billion a year ago while revenue from renewable sources of power rose over 8% to INR 2.72 billion.

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the March quarter were INR 12.20 billion, down 2% on year. Its net-debt-to-equity ratio was 0.67 as on Mar. 31. The net-debt-to-EBITDA ratio was 2.06.

 

The company's operational capacity is estimated to grow to 10.6 gigawatt-peak from 5.1 gigawatt-peak, backed by robust renewable capacity addition, it said in its presentation. The transmission project for evacuation of 1.5 gigawatts of renewable energy power in Solapur is expected to be implemented by September. The expected cost of the project is INR 5 billion, according to the presentation.

 

The company will pay INR 5 per share as a final dividend. Its board also approved raising up to INR 100 billion through issuance of non-convertible debentures in one or more tranches on a private placement. 

 

For the year ended Mar. 31, Torrent Power's consolidated net profit fell 19% on year INR 24.16 billion. Its revenue for the period was INR 289.66 billion, down around 1% from INR 291.65 billion. Its shares closed 5% lower from Monday at INR 1,597.60 on the National Stock Exchange. The company released its March quarter results after market hours.  End

 

Edited by Rajeev Pai

 

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