Torrent Power Q1 results: revenue rises 3% to 8124 crore
Ahmedabad, August 4, 2026: Torrent Power Limited (the “Company”) announced financial results for the quarter ended June 30, 2026. The company’s revenue from core operations advanced around 3% to ₹8,124 crore in the June quarter, from ₹7,906 crore in the corresponding quarter of the previous financial year
Company’s consolidated net profits declined 12% year-on-year (YoY) to ₹639 crore in the first quarter of the financial year 2026-27, in comparison to ₹731 crore in the same period a year earlier due to elevated electrical energy costs. On a sequential basis, the company’s net profits doubled to its June quarter levels, from ₹318.20 crore in the fourth quarter of FY26.
The company delivered EBITDA growth of 2% during the quarter, despite a challenging operating environment marked by geopolitical disruptions, which affected LNG supplies and, consequently, performance of its thermal power plants. This performance was supported by strong contribution from its Distribution and Renewable Energy businesses, which recorded EBITDA growth of 10% and 6%, respectively. Total Comprehensive Income (TCI) was impacted by financing costs associated with strategic investments in its under-construction portfolio that is expected to support future growth.
Key factors influencing performance were:
Improved operational performance across the Company’s distribution businesses.
Improved performance of renewable portfolio, driven by higher plant load factors and contribution of projects commissioned during the previous year.
Higher finance costs resulting from increased borrowings for investments in under construction assets.
Key developments during the Quarter: Acquisition of Nabha Power Limited
On February 16, 2026, the Company signed a Securities Purchase Agreement with L&T Power Development Limited, a wholly owned subsidiary of Larsen & Toubro Limited, to acquire 100% equity shares and convertible instruments of Nabha Power Limited (NPL). The acquisition was consummated on June 25, 2026, for a consideration of ₹3,632.35 Crore, making NPL a wholly-owned subsidiary of the Company. NPL operates a 2×700 MW coal-based supercritical thermal power plant in Punjab and supplies power under long-term Power Purchase Agreements with Punjab State Power Corporation Limited.
(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)
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