Torrent Power Limited — PPTs, 11-11-2025: Investor Presentation

Torrent Power delivered strong Q2 FY26 financial results, with Revenue climbing 10% YoY to ₹7,876 Cr and Profit After Tax jumping 50% YoY to ₹742 Cr. This boost came from higher merchant power sales and reduced finance costs. For the half-year, Revenue stood at ₹15,782 Cr and PAT at ₹1,483 Cr. The company continues to show operational excellence with distribution losses below 10% in key franchised areas like Bhiwandi and Agra.

The growth strategy is aggressive, aiming to double operational capacity from ~5 GW to ~10.1 GW, predominantly through renewables. Key developments include a 1,600 MW coal project (₹22,000 Cr) and ~3.8 GW of renewable projects (totaling ₹24,390 Cr) under installation. A significant 3,000 MW Pumped Storage Hydro project (₹14,000 Cr) in Maharashtra is advancing, with 2,000 MW tied up. Torrent Power is also diversifying into Green Hydrogen.

Management highlighted plans to leverage flexible generation for competitive power sales and to target ~8.4 GW in green molecule technologies. The company's financial health remains robust, reflected in a FY25 ROE of 18.4% and a Net Debt to EBITDA of 1.41x.