Torrent Power announced a strong financial performance for Q2 FY 2025-26, with a 20% increase in contribution, reaching ₹2,170 Cr. The results were primarily driven by increased merchant power sales and efficient operations. Total Comprehensive Income (TCI) stood at ₹730 Cr. The company is expanding its renewable capacity and improving its distribution networks, setting the stage for future growth.
Financial Performance Highlights
Torrent Power has demonstrated strong financial results for Q2 FY 2025-26. Key highlights include:
- Revenue from Operations: Increased by 10% to ₹7,876 Cr.
- Contribution: Up 20% to ₹2,170 Cr.
- Profit Before Tax: Increased by 42% to ₹979 Cr.
- Profit After Tax: Increased by 50% to ₹742 Cr.
- Total Comprehensive Income (TCI): Stood at ₹730 Cr, a 48% increase.
Key Growth Drivers
The company’s performance was driven by:
- Increased contribution from merchant power sales, including LNG sales from gas-based power plants.
- Reduction in finance costs, partially offset by increased depreciation due to capex and commissioning of additional renewable capacity.
Operational Performance
Torrent Power continues to focus on operational efficiency:
- Distribution loss of just 2.34% in FY25 for licensed distribution areas with power availability of 99.9%.
- Targeting an increase in renewable portfolio to ~5.4 GW.
- Focus on Green Hydrogen and Pumped Storage Power (PSP) with an eventual target of establishing ~8.4 GW of capacity.
Renewable Energy Expansion
Torrent Power is committed to expanding its renewable energy capacity. Noteworthy projects include:
- MSEDCL project with a capacity of 367 MWp, with part project commissioned.
- Various SECI projects totaling 722 MWp with SCOD in 2026.
- TPL-D project with a capacity of 825 MW with SCOD by September 2026.
Distribution Network Improvements
The company has made significant strides in improving its distribution networks:
- Ahmedabad/Gandhinagar: Distribution loss of 3.33% (Q2 FY26).
- Surat: Distribution loss of 2.81% (Q2 FY26).
- Bhiwandi: Reduction in AT&C losses from 58% at the time of takeover to less than 10% in FY25.
Source: BSE
