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Earnings Call

Torrent Power Earnings Call: Key Takeaways

Torrent Power's Q4 FY'26 adjusted PBT grew 16% YoY to ₹718cr, despite a reported PBT dip to ₹547cr due to a one-off power purchase cost provision.

Why this was an Alfa AlertNot a filter event. Financial results were in line with performance expectations without explicit guidance beats over 5%.
Highlights
MarginsLicense distribution ROE improved to effective 15% under new regulations.
Demand visibilityStrong, citing a 10-year power demand CAGR of 6%.
Management confidenceHigh regarding regulatory recovery and long-term gas availability.

Growth

Adjusted PBT rose 16% YoY to ₹718cr; reported EBITDA was ₹1,220cr with ₹171cr in one-off charges.

Outlook

Planned capex of ₹80,000cr over 5 years across Renewables (₹28k), Thermal (₹23k), Pumped Storage (₹14k), and Distribution.

Risks

Regulatory disallowances in power purchase costs and high LNG prices impacting merchant profitability.

Source

Earnings Call filed with NSE, NSE: TORNTPOWER. Summary written with AI assistance from the document.

Read the document ↗

Torrent Power Ltd: key numbers

Share price
₹1,254.60
Market cap
₹63,220 Cr
Revenue (annual)
₹28,966 Cr
Net profit (annual)
₹2,416 Cr
P/E (TTM)
27.2×Sector 25.1×
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.

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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