Torrent Power Limited — PPTs, 12-05-2026: Investor Presentation

Torrent Power's consolidated financial results for Q4 and FY26 show FY26 revenue slightly down 1% to ₹28,966 Cr, with PBDIT up 1% to ₹5,864 Cr. Profit After Tax (PAT) was ₹2,469 Cr, down 19%, but adjusted for a prior year's one-time deferred tax reversal, comprehensive income actually improved. This was fueled by strong distribution and renewable energy performance, though gas generation faced volatility.

The company is aggressively expanding its renewable portfolio, targeting growth from ~5.1 GWp to ~10.6 GWp. Major projects include a 1,600 MW coal plant (₹23,000 Cr) and 3 GW Pumped Storage Hydro (PSP) (₹14,000 Cr), with 2 GW tied up. They also won the Solapur Transmission project (₹500 Cr). Operational excellence is evident with low distribution losses (2.33% in licensed areas; Bhiwandi AT&C reduced to ~9.1%).

Key financial health indicators show Net Debt/EBITDA at 2.06x and Net Debt/Equity at 0.56x, indicating comfortable leverage for future growth. Management highlights over 70% of EBITDA from integrated operations and a strategic shift towards green technologies. Total dividend for FY26 is ₹20.00/share.