Torrent Power Q2 FY27 results: EBITDA growth of 29%
Ahmedabad, November 04, 2026: Torrent Power Limited (the “Company”) today announced financial results for the quarter and six months ended September 30, 2026. Company delivered strong operational performance during the quarter, resulting in adjusted EBITDA growth of 29% during the quarter, driven by robust performance across its distribution and renewable energy businesses, along with consolidation of Nabha Acquisition. Adjusted EBITDA includes impact of ₹54 Crs of principal recovery relating to Nabha acquisition, recognised in the balance sheet in line with applicable lease accounting principles.
Revenue from Operations:
₹9,801 Crs in Q2 FY 2026-27 compared to ₹7,876 Crs in Q2 FY 2025-26, up by 24%
₹17,926 Crs in H1 FY 2026-27 compared to ₹15,782 Crs in H1 FY 2025-26, up by 14% EBITDA
₹1,988 Crs in Q2 FY 2026-27 compared to ₹1,584 Crs in Q2 FY 2025-26,up by 26%
₹3,606 Crs in H1 FY 2026-27 compared to ₹3,171 Crs in H1 FY 2025-26, up by 14%
Total Comprehensive Income (TCI)
₹835 Crs in Q2 FY 2026-27 compared to ₹730 Crs in Q2 FY 2025-26, up by 14%
₹1,474 Crs in H1 FY 2026-27 compared to ₹1,469 Crs in H1 FY 2025-26
Company reported incremental TCI of ₹105 Crs for the quarter, primarily attributable to:
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.
Increase in contribution due to acquisition of Nabha.
Higher finance costs resulting from increased borrowings.
About Torrent Power: Torrent Power, the ₹28,966 Crs integrated power utility of approx. ₹50,000 Crs Torrent Group, is one of the largest companies in the country’s power sector with presence across the entire power value chain – generation, transmission and distribution.
Generation: The Company has an aggregate installed generation capacity of 6.8 GWp comprising of 2.7 GW of gas-based capacity, 2.3 GWp of renewable capacity and 1.8 GW of coal-based capacity. Further, Renewable projects of ~4.3 GWp, Pumped Storage Capacity of 3 GW and coal-based power capacity of 1.6 GW are under development. Total Generation and Pumped Storage capacity, including projects under development, is ~12.7 GWp and 3 GW respectively, positioning Torrent Power as a key player in India’s energy transition.
Distribution: The Company distributes nearly 31 billion units to around 4.29 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat, Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD), Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh.
Torrent Power is widely considered to be the leading power distributor in India, and its licensed areas in Gujarat has the distinction of having the lowest distribution losses and best reliability indices in the country, reinforcing customer trust and satisfaction
(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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