Torrent Power Limited — PPTs, 13-11-2024: Investor Presentation

**Financial Highlights:** For Q2 FY 2024-25, Torrent Power reported a revenue of ₹7,176 Cr, up 3% from ₹6,961 Cr in the previous year, with a corresponding increase in profit before tax to ₹689 Cr compared to ₹741 Cr in the prior year. Profit after tax decreased to ₹496 Cr, reflecting a 9% drop due to reduced contributions from thermal generation and renewable sectors, attributable to lower power demand and inclement weather. Overall, the company’s EBITDA saw a 26% rise year-on-year, underscoring its operational resilience.

**Strategic Initiatives and Growth Drivers:** The company aims to enhance its renewable energy portfolio with plans to increase installed capacity to 4.4 GW, capitalizing on growing demand for green energy solutions. They are also focusing on hybrid solutions to sell pooled RTC power competitively.

**Business Developments:** Torrent Power is advancing projects to establish 8 GW in green hydrogen and pumped storage power, enhancing its clean energy footprint. The Bhiwandi distribution model continues to yield significant reductions in AT&C losses, highlighting operational efficiency.

**Market Position and Competitive Advantage:** With a diverse energy portfolio comprising 60% integrated generation and distribution, Torrent Power maintains a robust market position, backed by a strong balance sheet. Their distribution loss rates remain below the national average, indicating operational excellence.

**Investor Implications:** The company’s strategic focus on renewable energy and operational efficiency offers a positive outlook. With consistent improvements in financial metrics and an ambitious expansion strategy, Torrent Power presents potential growth opportunities for investors.