Torrent Power has announced its unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. The company reported a robust 24% year-on-year increase in revenue from operations for Q2 FY27, reaching ₹9,801 crore. EBITDA also saw a substantial rise of 26% to ₹1,988 crore for the quarter. This growth is attributed to strong operational performance in its distribution and renewable energy businesses, including the recent Nabha acquisition.
Torrent Power Announces Q2 FY27 Financial Results
Torrent Power Limited today announced its unaudited consolidated financial results for the second quarter and the first half of the financial year ending September 30, 2026. The company has demonstrated strong operational performance, leading to significant growth in key financial metrics.
Key Financial Highlights (Q2 FY27 vs Q2 FY26)
Revenue from Operations: The company reported revenue from operations of ₹9,801 crore for the second quarter of FY27, a notable increase of 24% compared to ₹7,876 crore in the corresponding quarter of FY26. For the half-year ended September 30, 2026, revenue stood at ₹17,926 crore, up 14% from ₹15,782 crore in H1 FY26.
EBITDA: EBITDA for Q2 FY27 surged by 26% to ₹1,988 crore, compared to ₹1,584 crore in Q2 FY26. The first half of FY27 saw EBITDA grow by 14% to ₹3,606 crore from ₹3,171 crore in H1 FY26.
Total Comprehensive Income (TCI): TCI for the second quarter of FY27 was ₹835 crore, marking a 14% increase from ₹730 crore in Q2 FY26. In the first half of FY27, TCI reached ₹1,474 crore, slightly up from ₹1,469 crore in H1 FY26.
Operational Performance and Strategic Initiatives
The strong performance in the quarter is driven by robust operational efficiencies across Torrent Power’s distribution and renewable energy businesses. The consolidation of the Nabha Acquisition also contributed positively to the results. Adjusted EBITDA for the quarter showed a 29% growth. The company highlighted an incremental TCI of ₹105 crore for the quarter, primarily due to improved operational performance, better results from the renewable portfolio driven by higher plant load factors, and the increased contribution from the Nabha acquisition. Higher finance costs resulting from increased borrowings were also noted.
About Torrent Power
Torrent Power is an integrated power utility with an approximate enterprise value of ₹50,000 crore. As part of the ₹28,966 crore Torrent Group, it is recognized as one of India’s leading companies in the power sector, with a comprehensive presence across the entire value chain, including generation, transmission, and distribution.
The company possesses an aggregate installed generation capacity of 6.8 GWp, comprising 2.7 GW gas-based, 2.3 GWp renewable, and 1.8 GW coal-based capacity. Projects under development include approximately 4.3 GWp of renewable projects, 3 GW of Pumped Storage Capacity, and 1.6 GW of coal-based power capacity. With a total generation and pumped storage capacity, including ongoing projects, estimated at around 12.7 GWp and 3 GW respectively, Torrent Power is positioned as a key player in India’s energy transition.
In its distribution segment, Torrent Power serves nearly 31 billion units to around 4.29 million customers across various cities in Gujarat, Maharashtra, and Uttar Pradesh. The company is widely regarded as a leading power distributor in India, with its licensed areas in Gujarat boasting the lowest distribution losses and highest reliability indices nationally, underscoring its commitment to customer trust and satisfaction.
Source: BSE
