Torrent Power announced robust financial results for the quarter ending December 31, 2025, with Total Comprehensive Income (TCI) growing 30% year-on-year to ₹637 Crs. Reflecting strong performance, the Board approved an interim dividend of ₹15 per equity share. Key drivers included increased contribution from gas-based power plants and improved operational efficiency across distribution and renewable segments.
Torrent Power Q3 FY26 Financial Highlights
Torrent Power Limited announced its financial results for the quarter and nine months ended December 31, 2025. The results showcase significant growth, with Total Comprehensive Income (TCI) rising substantially.
Key Financial Metrics (Q3 FY26 vs Q3 FY25)
- Revenue from Operations: Increased by 4% to ₹6,778 Crs (vs ₹6,499 Crs).
- EBITDA: Grew by 15% to ₹1,472 Crs (vs ₹1,284 Crs).
- Total Comprehensive Income (TCI): Jumped by 30% to ₹637 Crs (vs ₹490 Crs).
Year-to-date (YTD) performance for the nine months also showed resilience, with EBITDA up by 2% and TCI up by 7%.
Dividend Declaration and Performance Drivers
In light of the strong operational performance, cash flows, and financial discipline, the Board of Directors approved an interim dividend of ₹15 per equity share.
The ₹147 Crs higher TCI for the quarter was primarily attributed to:
- Increase in contribution from gas-based power plants.
- Improved operational performance of licensed and franchised distribution businesses.
- Better operational performance from the Renewable Energy segment, partially offset by higher costs.
- A non-recurring Gain on sale of Non-Current Investments recorded in Q3 FY 2024-25 (which is accounted for when comparing year-on-year growth).
Key Strategic Development: Long-Term LNG Supply
A major strategic development during the quarter was the signing of a 10-year Long-Term LNG Sale and Purchase Agreement with JERA, Japan.
This agreement ensures fuel security for the long term, covering the supply of up to 0.27 MMTPA of LNG, starting from 2027. The procured LNG will be vital for efficiently operating the Company’s 2,730 MW gas-based power plants, meeting peak demand, and supporting renewable energy integration. It also guarantees gas availability for Torrent Gas Ltd.’s consumer base.
About Torrent Power
Torrent Power is an integrated power utility forming part of the ₹45,000 Crs Torrent Group. The company operates across the entire value chain: generation, transmission, and distribution.
Generation Capacity
The current aggregate installed generation capacity stands at 5,039 MWp, including 2,730 MW gas-based, 1,947 MWp renewable, and 362 MW coal-based capacity. Furthermore, the company has approximately ~4.0 GWp of Renewable projects and 3 GW of Pumped Storage Capacity under development.
Distribution Footprint
The company distributes nearly 31 billion units to around 4.21 million customers across key cities in Gujarat (Ahmedabad, Gandhinagar, Surat), Maharashtra (Bhiwandi, Shil, Mumbra, Kalwa), Uttar Pradesh (Agra), and the DNH & DD territories.
Torrent Power is recognized as a leading power distributor in India, notably maintaining the lowest distribution losses and best reliability indices in its licensed areas within Gujarat.
Source: BSE
