Torrent Power reports Q1 FY 2025-26 results
Ahmedabad, August 07: Torrent Power Limited today announced financial results for the quarter ended June 30.Whilst the Company’s underlying business remains resilient, the performance in the current quarter was particularly impacted due to lower power demand following the early onset of monsoon and elevated gas prices, impacting merchant gains from gas-based generation. Adjusted for these, TCI remained comparable to the same quarter last year. Major reasons contributing to the performance were:
- Improved contributions from renewable segment, driven by solar capacity additions and favourable wind conditions, resulting in better PLF.
- Adjusted for one-time tariff order income in the previous year, improvement in operational parameters contributed to a higher profitability in the Distribution business.
Company remains well-positioned to navigate cyclical variations, supported by its diversified business operations.
About Torrent Power:
Torrent Power, the ₹ 29,165 Crs integrated power utility of about ₹ 45,000 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 4,881 MWp comprising of 2,730 MW of gas-based capacity, 1,789 MWp of renewable capacity and 362 MW of coal-based capacity. Further, Renewable projects of ~3 GWp and Pumped Storage Capacity of 3 GW are under development. Total generation and Pumped Storage capacity, including projects under development is ~8 GWp and 3 GW respectively, positioning as a key player in India’s energy transition.
Distribution:
- The Company distributes nearly 31 billion units to around 4.21 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 in 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.)
(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
