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Earnings Call Transcript

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.

Highlights
MarginsMerchant power margins resilient; O&M expenses increased by INR 51 Cr.
Order book4.6 GW RE projects under implementation; 1.6 GW Anuppur Thermal project.
Demand visibilityStrong growth in Ahmedabad (10%); 4% growth in franchisee business.
Management confidenceHigh 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.

Source

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

Read the document ↗

Torrent Power Ltd: key numbers

Share price
₹1,241.30
Market cap
₹62,550 Cr
Revenue (annual)
₹28,966 Cr
Net profit (annual)
₹2,416 Cr
P/E (TTM)
25.8×Sector 21.7×
Promoter holding
51.09%+0.00% QoQ
FII holding
8.36%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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